Press Releases

FIRSTPLUS RESTORATION AND FIRSTPLUS FACILITY SERVICES OFFICIALLY OPEN RESTORATION & FACILITIES SERVICES TRAINING ACADEMY

April 18, 2008

IRVING, Texas, /PRNewswire/ -- FIRSTPLUS Financial Group, Inc. (Pink Sheets: FPFX.PK) announced today that on May 8, 2008, its subsidiaries FirstPlus Restoration and FirstPlus Facility Services will officially open the FirstPlus Restoration & Facilities Services Training Academy. The Academy combines a technologically advanced classroom with simulated job-site locations for on-the-job training. The Academy is currently under review to become an IICRC (Institute of Inspection, Cleaning and Restoration Certification) approved school.

Once the Academy achieves certification status, it will be one of a few schools in the U.S. to carry this award. The Academy will have the ability to train franchisees (http://www.fpfranchise.com) on operating procedures as well as offer certifications in industry related courses and continuing education programs. Not limited only to franchisees, the Academy will be open to the public and serve as a training facility for insurance adjusters, public adjusters, home inspectors, as well as provide open enrollment to other restoration and facilities maintenance companies.

The Academy will initially offer certifications in WRT (water restoration), FSRT (Fire and Smoke Restoration Technician), CMT (Commercial Carpet Maintenance Technician), RCT (Rug Cleaning Technician), CCT (Carpet Cleaning Technician), UFT (Upholstery and Fabric Cleaning Technician), and OCT (Odor Control Technician). Other certifications will follow shortly.

Another aspect of the training facility is provision for education in the field of ASD (applied structural drying). Courses allow for flooding a 1,000 square foot home, which is located inside the training facility. The home is saturated with 1,500-2,000 gallons of water; students are instructed on how to use the most up-to-date technology to dry the entire structure within three days without the need to remove any of the building materials.

This training facility is one of nine in the world, seven of which are located in North America, one facility located in England, and one located in Australia. An invitation-only grand opening has been scheduled for Thursday, May 8, from 11:00 a.m. to 4:00 p.m. at the Academy, located at 2501 Wharton Street, Building Q, Philadelphia, PA 19146. For more information on the training facility, visit http://www.fpfranchise.com.

Safe Harbor

This report contains forward-looking statements within the meaning of the "safe harbor" provisions under Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The Company uses forward-looking statements in its description of its plans and objectives for future operations and assumptions underlying these plans and objectives, as well as in its expectations, assumptions, estimates and projections about the Company's business and industry. These forward-looking statements involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors as more fully described in this report.

Forward-looking terminology includes the words "may", "expects", "believes", "anticipates", "intends", "projects" or similar terms, variations of such terms or the negative of such terms. These forward-looking statements are based upon the Company's current expectations and are subject to factors and uncertainties which could cause actual results to differ materially from those described in such forward-looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this report to reflect any change in its expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.