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| April 26, 2000 Mike Bennie, Marlin Leasing, sets the record straight: Marlin did not buy the Imperial Business portfolio. They hired the employees of Imperial's defunct Atlanta office, establishing a Southeast office for Marlin. Marlin has being going direct to vendors for three years. Two years ago they started to work with brokers. I should add, there are many fundors who have a program for vendors and one for brokers. This is not uncommon in the leasing industry. Mike adds, " Brokers should consider high quality, stable companies that have a strong track record when it comes to supporting the broker community. In choosing a funding source, choose one that is growing, even when other sources are pulling out of the broker marketplace. Ask your funding sources about their commitment to broker business, and get them to prove it." "five hundred to ten thousand dollar" Instant On Line Approvals with ToLeaseIt.com ( another reason to attend the UAEL Conference, May 4-6, especially Friday, 4:15pm," Will the Internet Kill the Small App Business.") DEDHAM, Mass.--(BUSINESS WIRE)--April 26, 2000--eCredit.com today announced that ToLeaseIt.com has gone "live" with the eCredit.com Global Financing Network(TM). The network is a central component of ToLeaseIt.com's e-commerce strategy to provide Web-based, fast-decision leasing services to its growing nationwide network of bank card sales organizations, and computer and business equipment dealers, including retailers, direct response marketers and e-commerce merchandizers. ToLeaseIt.com specializes in low-ticket equipment leasing (ranging from $500 to $10,000 and covering products such as credit card terminals, copiers, fax machines, office furnishings and computers). eCredit.com capabilities have been transparently embedded into the ToLeaseIt.com web site to automate the entire credit decision process. These capabilities leverage ToLeaseIt.com's proprietary credit scoring logic to enable real-time credit decisions. ToLeaseIt.com will provide retailers and dealers access to customized pages on its web site to process individual customer leasing applications. These capabilities allow the retailers and dealers to provide authorized leasing quotes to customers in minutes, dramatically speeding up the process and closing transactions while customers are on-site. Once a lease is approved, companies can download the completed leasing agreement from the web site. The ToLeaseIt.com site tracks all leasing transactions so companies have a customized view of applications and decisions specific to their organization. It also provides business and professional customers with online referrals of authorized retailers in the ToLeaseIt.com network. Additionally, ToLeaseIt.com will leverage the Global Financing Network to provide financing services to other companies using the network, opening up new business opportunities. "eCredit.com provided us with a completely web-enabled solution that enables real-time credit decisions and leasing services," said Erik Zucker, president of ToLeaseIt.com. "Its Global Financing Network offered the flexibility to support our specialized lending criteria that is essential to meeting customer needs. We were very impressed with eCredit.com implementation services that have successfully made the network an integral component of our e-commerce initiative, which we see as helping to grow our business ten-fold over the next 24 months." According to Peter McKay, president of eCredit.com, "ToLeaseIt.com is an aggressive, forward-thinking company that has demonstrated it is ahead of the e-commerce curve, creating a strong position in the small ticket leasing market. Its new services leverage the speed and convenience of the Internet to deliver cost-effective leasing solutions tailored to the needs of individual businesses." The Global Financing Network connects businesses to global information sources and financing vendors so credit and financing decisions can be processed online in real time at the point-of-sale. The network combines automation of the entire credit decision process - from credit bureau information access to credit scoring and notification of decisions - with automated access to multiple financing vendors. These capabilities boost the number of customers that can be approved for credit or financing, increasing sales and revenue. About eCredit.com eCredit.com is a leading provider of credit, financing and receivables management solutions for business-to-business and business-to-consumer commerce. Its software solutions and services run on the eCredit.com Global Financing Network, an Internet-based platform that connects businesses to financing partners and global information sources in real time at the point-of-sale. eCredit.com is headquartered in Dedham, Mass. For additional information, visit eCredit.com on the Web at www.ecredit.com. The eCredit.com logo and eCredit.com Global Financing Network are trademarks of eCredit.com. CONTACT: eCredit.com Porter Novelli Convergence Group Roopa Bhide for eCredit.com 781-752-1275 Albie Jarvis/Dan Mees roopa@ecredit.com 617-450-4300 or To LeaseIt.com Erik Zucker 212-248-5200 erikz@toleaseit.com www.leasingnews.org
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