LeaseForum Takes Commercial Equipment Leasing Online;Launches a Differentiated Suite of...

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--July 17, 2000

LeaseForum, Inc., today announced the launch of its commercial equipment leasing marketplace, featuring a differentiated suite of integrated Web-based solutions for managing the lifecycle of corporate equipment

Combining a full-featured exchange with a powerful auction and user-friendly Application Service Provider (ASP) tools, LeaseForum provides corporations singular access to the funding sources and solutions they need to streamline and standardize leasing initiatives across departments, divisions or the enterprise.

"LeaseForum offers a one of a kind approach that drives efficiency and productivity," said Susan S. Franklin, president and chief executive officer of LeaseForum. "Designed primarily for Fortune 1000 corporations that operate numerous plants and facilities nationwide or internationally, the LeaseForum suite of customer-centric, Web-based solutions provide lessees a platform to cost-effectively identify, track and manage their leased equipment as well as fixed assets."

According to Franklin, "LeaseForum enables lessees to gain control and financial confidence that reinforces their ongoing commitment to leasing. Participating lessors can deliver value beyond financing, transforming them from funding sources to strategic partners, and turning what has traditionally been a transactional business into a relationship business."

The U.S. Department of Commerce reports that domestic commercial equipment leasing market has grown to more than $220 billion annually and it is estimated that today, U.S. corporations are managing nearly $1 trillion in active equipment leases.

About LeaseForum

Headquartered in Boston's financial district, LeaseForum is the only online commercial equipment leasing marketplace providing an integrated suite of Web-based solutions for managing the leasing lifecycle. LeaseForum enables lessees and lessors to originate leases, manage them across the enterprise and remarket off-lease or surplus equipment. For additional information, visit www.leaseforum.com or www.remarketxchange.com.