Fifty 1 Labs, Inc.

NowAuto Group, Inc. operates in the Buy Here/Pay Here automotive retail market, providing sales-type vehicle leases to consumers with credit challenges. The company targets non-prime individuals who have experienced financial disruptions, lack credit histories, or have poor credit scores. NowAuto originates and underwrites its own automotive leases, managing credit evaluation, payment schedules, and account collections directly. In addition to vehicle leasing, the company provides maintenance and repair services through its in-house service department to support vehicle reliability throughout the lease term.

The company conducts its operations in the Phoenix, Arizona metropolitan area, where it maintains two leased automotive dealership lots with a combined inventory capacity of up to 120 vehicles. In addition to its retail lots, the business operates a leased corporate facility housing administrative staff and the service department. As of June 2010, NowAuto employs twenty-five full-time workers and maintains its corporate headquarters in Phoenix, Arizona.

Summary of the business section of Fifty 1 Labs's latest annual report, written by StockData.

“June 30, 2010, we had twenty five full time employees.”