Press Releases

FIRSTPLUS FINANCIAL GROUP, INC. ELECTS TWO NEW MEMBERS TO ITS BOARD OF DIRECTORS

December 17, 2007

IRVING, Texas, /PRNewswire/ -- FIRSTPLUS Financial Group, Inc. (FPFX.PK) has announced the election of Gary D. Alexander and Joseph D. Steward to its Board of Directors. Gary D. Alexander is President of Treasure Coast Private Equity, LLC, a Florida-based firm that focuses on offering debt and equity resources for privately-owned businesses poised for growth. A Certified Public Accountant, Mr. Alexander has 25 years of experience initiating both public and private offerings, private placement syndications, mergers and acquisitions as well as financing for small companies in the following industries: aircraft, internet services, telephone and VoIP, commercial and residential real estate, hotel, restaurant, petroleum, medical practices and facilities, entertainment and music.

Mr. Alexander has served as an expert witness in federal and state civil litigation cases, assisted counsel in mediation matters and served as Special Master, provided forensic and reconstructive accounting support expertise, and represented NASD broker-dealers as an auditor and consultant.

Mr. Alexander has served as acting CFO of Air Rutter International LLC and Airspace LLC, a Principal of Alexander Company CPAs, and a Partner with Pinchasik, Alexander and Company, CPAs.

Mr. Alexander earned a BBA degree in 1977 from Florida Atlantic University.

Since January 2002, Joseph D. Steward has served as Chief of Staff and General Counsel to State Senator Mike Stack, 5th Senatorial District, Philadelphia, Pennsylvania. In this capacity, he is directly responsible for supervising all staff members in five independent offices. Prior to becoming Chief of Staff, Mr. Steward served as campaign manager for Senator Stack, and later as his advisor for two years.

Mr. Steward is a member of both the Pennsylvania and New Jersey state bars. During his 17-year legal career, Mr. Steward was an Associate in the law offices of Meehan & Chesin, and most recently, the Managing Partner of Steward and McDermott, P.C. In 2006, Mr. Steward was appointed to the Pennsylvania State Board of Vehicle Manufacturers, Dealers and Salespersons.

Mr. Steward earned a BA degree in Criminal Justice in 1986 from Temple University. In 1990, he earned a JD degree from Widener University School of Law (formerly Delaware Law School).

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.