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GMAC Financial Services and Team Focus Partner to Coach Children on Money Management

DETROIT (June 16, 2008) – GMAC Financial Services today announced that it will partner with Team Focus to give boys and girls the smart edge when it comes to money management. Team Focus, a community outreach program that provides inspirational, community, social and academic guidance to children without father figures, will have a GMAC SmartEdge financial literacy education session at its 2008 Camp Focus.

Team Focus has been affiliated with the GMAC Bowl and “is excited to bring our association with GMAC to a higher level through the addition of the GMAC SmartEdge financial education session at Camp Focus,” said Mike Gottfried, CEO and founder of Team Focus. “SmartEdge will provide us with another way to positively influence the lives of the children that come to camp.”

GMAC is committed to providing financial literacy opportunities through its GMAC SmartEdge program. “It is important to mentor youth and help children prepare for their future,” said Sharon Sayles Belton, director of community relations at GMAC. “Now more than ever, young adults need to understand money management so they are ready to make smart financial decisions when they enter adulthood.”

“It’s never too early to start learning appropriate money management skills,” adds Don Ferguson, director of GMAC SmartEdge. “The SmartEdge education sessions are designed to engage young people to make better financial decisions, plan their spending habits and save for their future.”

Camp Focus will have its first leadership camp of the year in Mobile, Ala., with 10 other camps throughout Alabama, California, Nevada, Ohio, Tennessee and Washington, D.C., with approximately 75-80 children at each camp. This year Team Focus is expanding its program by having its first girls’ camp.
GMAC SmartEdge hosts financial literacy seminars around the country and provides money management tutorials and tips on its Web site, www.smartedgebygmac.com, which is designed to educate consumers in the areas of credit, budget, vehicle and home financing, banking, and insurance.

About GMAC Financial Services GMAC Financial Services is a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses.

GMAC was established in 1919 and employs approximately 26,700 people worldwide. For more information, go to www.gmacfs.com.