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26, 2000 It is Official: Dr. Ray Williams, Executive Director of the United Association of Equipment Leasing is the new President of the Northern California Chapter of the American Society of Association Executives.
www.ncsae.org This is quite a feat to be elected by your peers and recognized as a leader in your profession. This is quite an honor. Ray received the official notice, and coincidently had planned a weekend trip to Napa with his Trish to celebrate their 33rd Wedding Anniversary. As Reported Last Friday--UniCapital Is Fighting BAck--Today They Announced Extension of BofA Amendment MIAMI--(June 26, 2000--UniCapital Corporation (NYSE:UCP) today announced it has reached an agreement in principle with Bank of America, N.A., its principal financial creditor, to continue through August 14, 2000, the amendment of certain terms of the company's credit facilities. Under the terms of the continuing amendment, UniCapital's maximum amount of borrowings under its revolving credit facility would increase to $300 million for the term of the amendment. In addition, the bank would make available an additional $37.5 million in permitted advances under the company's conduit facility, which is used to fund lease originations, with the possibility of a further $12.5 million of availability being secured from another financial creditor. Tal Briddell, newly appointed Chief Executive Officer of UniCapital, said, "I'm pleased with Bank of America's continued support of our company. We intend to use the time gained through continuation of the amendment to begin the process of addressing and resolving the operational challenges faced by the company and lay the foundation for improved financial performance." 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. Certain statements contained in this press release (including, without limitation, statements regarding the Company's relationship with its financial creditors and statements concerning efforts to address and resolve operational challenges and seek improved financial performance) may be deemed to be forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and should be read in conjunction with the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 1999, as filed with the Securities and Exchange Commission. Those risk factors include, among others, limitations imposed by the Company's credit facilities, risks related to the need for additional capital, risks related to the Company's acquisition strategy, risks arising from the absence of combined operating history for the Company and its subsidiaries, risks related to internal growth and operating strategies, interest rate risks, risks related to fluctuations in quarterly operating results, risks related to consummating securitization transactions and other risks. These risks and other factors could cause actual results to differ materially from those expressed or implied in any forward-looking statements contained in this press release. In addition, results may vary as a result of factors set forth from time to time in the documents filed by the Company with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements to reflect actual results or changes in the factors affecting such forward-looking statements. --30--jd/mi* CONTACT: Investors Contact: UniCapital Corporation, Miami Jody Campbell, 305/899-5000 Unfortunately, this company still remains on our list of changes, however, several brokers have nothing but good things to say about this company, yet the gossip continues. Sometimes change is good. In this case, we hope the company continues to thrive and keep its very good reputation. Our best to Unicapital. Even you competitors are pulling for you Look for an anncunement on July 4th about Leasing News going On Line
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