April 16, 2007— Cyence International, a leader in the loan and lease origination software industry, is pleased to announce that VFC Inc., a wholly-owned subsidiary of TD Bank Financial Group, has renewed its contract with VFC. The renewal involves the continued management and hosting of VFC’s automotive and consumer loan operation software application, known as VFCDirect.

The renewal builds on a relationship between VFC and Cyence. VFC initially signed an agreement with Cyence in 2000 to enhance VFC’s position in the non-prime automotive consumer lending industry using an early version of Cyence’s ExpressOS Credit Lifecycle Management software package.

“Cyence has consistently provided solutions that complement our business model and enhance scale as our operations evolve,” said Erik de Witte, CEO of VFC.“Our decision to renew the agreement reflects the quality of service and support we have received over the years.”

The front-office solution Cyence provides support for VFC’s operations by offering highly-configurable software that easily integrates with its back-end systems, enables instant access to major credit bureaus, and provides for the capture and processing of both customer and asset information with functionality to have fully-automated, instant decisions.

“Our focus remains on developing innovative software solutions that drive profitability for our customer partners,” said Cyence’s CEO, Peter Hyne. “Cyence is proud to witness VFC’s continued growth and to provide the software to support it. Cyence has a proven track record for successful relationships with its customers, and I am proud to say that every customer that has gone live with our software still uses it today.”

VFCDirect, which facilitates VFC’s lending connection with major networks, currently supports tens of thousands of transactions each month.


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About Cyence International Inc.:

Cyence provides front-office software solutions to manage the full Customer Credit Lifecycle, including Consumer and Commercial Loan Origination. The ExpressOS™ software solution facilitates and integrates the origination, credit underwriting, auditing, and compliance business processes for top-tier companies such as KeyCorp, Fifth Third Bank and Volvo Global Credit Services. The result is Straight-Through-Processing (STP) achieved by implementing standardized corporate data, intelligent workflow, business rules leveraged across multiple lines of business, and full integration with supporting systems. Cyence solutions connect and automate front-office lending operations anywhere in the world, to increase operational efficiency, grow business volume, reduce risk, and increase profitability.  For more information, visit www.cyence.com.

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About VFC:

With its focus on non-prime automotive purchase financing, VFC is one of the largest Canadian-owned indirect consumer finance companies in Canada. VFC's loans originate through its network of more than 2,000 pre-qualified automobile dealers connected by a Web-based technology that provides for efficient financing decisions. Founded in 1994, VFC has proven itself as a reliable source of credit to customers and an invaluable business partner to automobile dealers and retail vendors nationwide. Independent analysts value the Canadian non-prime automotive finance market at approximately $4 billion per annum. For further information, see the company's website at www.vfc.ca.


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About TD Bank Financial Group:

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking including TD Canada Trust; Wealth Management including TD Waterhouse and an investment in TD Ameritrade; Wholesale Banking, including TD Securities; and U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million online customers. TD Bank Financial Group had CDN$365 billion in assets, as of October 31, 2005. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".