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| April 27, 2000 There were rumors floating around that Colonial Pacific has not ended their "sub-broker" business. I have confirmed with a highly reliable source at GE/CPL that indeed the program is ended except for Leasing Associates. A study they did showed heavy losses from re-brokered sources. Except for Leasing Associates, they will not accept any sub-broker business--period. If the salesman is not working for the company, they will not accept the business. No independent contractors. GE/CPL will accept sub-broker business from Leasing Associates current brokers, but not any new brokers to Leasing Associates. Their study showed a great due diligence and better quality by Leasing Associates, so an exception to the rule was made---my highly reliable source told me. Of course, all business approved before April 24, 5pm, will be honored. This is a trend in the industry as computer analysis on accounts not only shows how many transactions submitted, how many approved, how many signed, but also the loss ratio. Rumors were flying about UniCapital at the NAELB Conference, and here is the latest, a press release: UniCapital To Postpone First-Quarter Earnings Announcement MIAMI--(BUSINESS WIRE)--April 27, 2000--UniCapital Corporation (NYSE:UCP) today said it will postpone the release of its first-quarter results for fiscal 2000. The company also said it will announce its revised earnings release date as soon as practicable. UniCapital Corporation provides asset-based financing in strategically diverse sectors of the commercial equipment leasing industry. Headquartered in Miami, UniCapital originates, acquires, sells and services equipment leases and arranges structured financing in the big ticket, middle market, small ticket and computer and telecommunications segments of the commercial equipment leasing industry. --30--jar/mi* CONTACT:
UniCapital Corporation, Miami ------------------ In case you missed this, electronic checks and deposits becoming more popular and available on the internet: TROY Group's eCheck Secure to Streamline Internet Banking For Claritybank.com SANTA ANA, Calif.--(BUSINESS WIRE)--April 27, 2000-- Electronic check solution to offer greater speed, lower costs than traditional account funding options TROY Group, Inc. (Nasdaq:TROY) today announced that its eCheck Secure(TM) software has been chosen by Claritybank.com to fund new or existing accounts electronically via the Internet. All funds are verified in advance by Equifax (NYSE:EFX), enabling any eCheck Secure(TM) transaction to be completed in real time, thus enhancing the efficiency of funding online accounts and harnessing the true power of the Internet banking model. The eCheck Secure(TM) procedure is simple to use and protected by state-of-the-art encryption technology. On Claritybank.com's web site (www.claritybank.com), a customer will access the Personal Banking or Business Banking pages and click on eCheck Secure(TM) as a funding option. Entering account data into easy-to-follow payment screens, the customer will arrange for an electronic check payable to the appropriate online account and will receive a confirmation of the transaction in seconds. The product is scheduled for release by May 12, 2000. "Until now, online banking account set-up has typically required deposits sent by U.S. mail, overnight delivery or wire transfer, all of which involve delivery delays and/or transaction fees," stated Patrick J. Dirk, Chairman and CEO of TROY Group. "eCheck Secure provides a state-of-the-art technology alternative for time-conscious banking clients. The solution will streamline online banking for existing customers and for new account set-up." Claritybank.com is one of the most comprehensive vertical financial services platforms in operation and provides banking, brokerage, loan products and business-to-business services via the Internet, telephone and wireless devices. Launched last month, Claritybank.com is a nationally chartered commercial bank focusing on emerging growth and New Economy companies and tech-savvy consumers. "Our strategic partnership with the TROY Group allows us to give our commercial and retail customers this innovative and instant account funding capability -- which saves both time and money," said David Arzi, Chairman and CEO of Claritybank.com. "The convenience and security of the eCheck Secure software represents yet another compelling reason for consumers to choose Claritybank.com -- in addition to the significant array of features and competitive rates we provide." About Claritybank.com Claritybank.com is a leading Internet bank providing real-time, next-generation financial services to businesses and consumers. Founded by leading financial and technology professionals, Claritybank.com's mission is to deliver competitive banking and loan products through its Web site and national business lending offices, combined with best-of-breed customer service initiatives. Claritybank.com provides a myriad of services and features specifically tailored for emerging growth and New Economy business including equipment leasing, commercial real estate mortgages, SBA loans and general business loans. Claritybank.com is a national bank and wholly owned subsidiary of Purchase, NY-based Clarity Holdings, Inc., a privately held company funded by leading financial and technology investors. Claritybank.com is a fully insured member of the FDIC. For more information, visit its Web site at www.claritybank.com. About TROY Group TROY Group (www.troygroup.com) is recognized as a worldwide leader in financial payment solutions. The U.S. Treasury has printed all its checks using TROY payment systems since 1984. The Company is also a leading supplier of network printing and Internet connectivity solutions. TROY (Nasdaq:TROY) has established a number of strategic relationships with companies such as Hewlett-Packard (NYSE:HWP), IBM (NYSE:IBM), Standard Register (NYSE:SR) and Equifax (NYSE:EFX) and distributes its solutions in 55 countries. TROY's current technologies enable the Company to remain on course to become a leading worldwide provider of e-commerce payment solutions and network and Internet connectivity solutions. Forward-looking statements of TROY (statements that are not historical fact) in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements made in this release, including the failure to successfully develop and market Internet output solutions, the impact of competition from other companies and technologies, the ability to identify and integrate acquisition opportunities, the continued demand for printed financial documents and the other factors set forth in TROY's periodic reports and other documents filed with the Securities and Exchange Commission. --30--BB/la* MW/la
CONTACT: TROY Group, Inc., Santa Ana, Calif. www.leasingnews.org
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