FirstPlus Financial Group, Inc. Subsidiary Acquires Assets of Miami-Based The Premier Group, LLC

IRVING, Texas, March 31 /PRNewswire-FirstCall/ -- FirstPlus Financial Group, Inc. OTC: FPFX PinkSheets: FPFX has announced acquisition of The Premier Group, LLC, through its subsidiary, FirstPlus Enterprises, Inc.

The Premier Group, LLC, a Florida limited liability company, was established in order to satisfy a vital service in a $32 billion industry -- that is, insurance adjusting. The Company was built on the acquisition of AGPA Adjusters, Inc., in business since 1995. The Premier Group operates in an industry which has undergone major growth in recent years due largely to national tragedies such as Hurricane Katrina and other disasters. Projections of active hurricane seasons covering the next ten years reveal the ever- increasing need for qualified public adjusters.

A typical Premier Group client is one which has undergone damage to a residential or commercial property and must process a claim with their insurance underwriter. Highly experienced in the business and sensitive to client needs, The Premier Group insures that its clients receive the necessary attention to handle claims quickly while receiving the maximum amount of the settlement. The Premier Group's objective is to inform the public of their services and ensure that each settlement is processed accurately and fairly.

The Premier Group, LLC has become licensed, bonded and fully operational in South Florida as well as in Pennsylvania. The Company plans to expand services in the near future to include Central and Northern Florida by November 2008; licensing has been also initiated in order to expand the Company's services to New Jersey, Delaware, New York, and Maryland.

The Premier Group currently maintains offices in Miami, Florida, and Philadelphia, Pennsylvania.

About FirstPlus Financial Group, Inc.

A diversified provider of strategic business and financial services, FirstPlus Financial Group has grown rapidly through a series of mergers and acquisitions, creating a synergistic business mix from which to provide significant growth potential and to create value for its shareholders and employees.

About FirstPlus Enterprises, Inc.

FirstPlus Enterprises, Inc., a wholly owned subsidiary of FirstPlus Financial Group, Inc. has offices in Texas and Pennsylvania to maximize oversight of the Company's current holdings, as well as review of new projects nationwide.

Safe Harbor

This document 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 may include 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.