Alliance Financing Group Inc. (TSX-V symbol “AFG”) announced today that it has
been selected by ACCPAC Canada, Inc. a subsidiary of Computer Associates
International, Inc. (NYSE symbol “CA”) to provide business leasing solutions to
Canadian purchasers of ACCPAC software and services.
The ACCPAC Canadian Leasing Program, set for official launch in June 2003, is
designed to facilitate the acquisition of a wide variety of ACCPAC’s business
management applications, by Canadian small to mid-sized businesses. The program
will be offered through ACCPAC’s Canadian network of authorized resellers.
Utilizing Alliance Financing’s multi-underwriter business model, coupled with
Alliance’s comprehensive suite of traditional and online marketing and delivery
systems, the ACCPAC Canadian Leasing Program will offer flexible terms, rates
and payment structures to the widest possible variety of business customers, in
virtually all industry sectors, and for the widest range of credit profiles.
Bernie Shimkovitz, CEO of Alliance Financing states: "We are very pleased to
have been selected by ACCPAC to develop and manage this new program. Up to 80%
of all Canadian businesses currently use leasing to acquire business equipment
and machinery, and the use of leasing to acquire mission-critical software
applications is a natural extension of this strategy for most businesses. We
believe that by offering a leasing solution to its customers, ACCPAC will
further enhance its already significant market penetration in Canada."
About Alliance
Financing Group Inc.
Alliance Financing is a diversified commercial finance institution that
specializes in providing financing solutions, including leasing, term lending
and working capital products, primarily to the SMB (Small to Mid-sized
Business) marketplace. Alliance Financing works within a multi-underwriter
platform, providing a comprehensive suite of financing options from selected
underwriting partners, which include banks, lessors, and other financial
institutions. Its financing solutions are delivered through traditional bricks
and mortar channels and various Internet channels. Alliance Financing maintains
a “high-tech, human touch” philosophy; utilizing a combination of proprietary
technology - such as its private labelled online financing tools and its
www.YourLeaseQuote.com quoting tools; selected ASP technologies; and a
dedicated staff of finance professionals to deliver its products and solutions,
both through selected channel partners as well as directly to end-user
customers.
About ACCPAC
ACCPAC International, Inc., a subsidiary of Computer Associates International,
Inc. (NYSE: CA), provides small and mid-size businesses a broad range of
end-to-end business management applications designed to enhance customers’
competitive advantage. Product lines include ACCPAC Advantage Series, ACCPAC
Pro Series, ACCPAC HR Series, ACCPAC Business Analysis Suite, ACCPAC eTransact,
ACCPAC Exchange, ACCPAC CRM, ACCPAC Warehouse Management System, ACCPAC ePOS,
Simply Accounting, FAXserve and ACCPAC Messenger. Based in Pleasanton, Calif.,
USA, with offices in Australia, Canada, India, Ireland, Mexico, the Middle
East, the Netherlands, South Africa, Southeast Asia and the United Kingdom,
ACCPAC has more than 500,000 customers and more than 6,500 channel partners in
more than 130 countries worldwide.
For more information about Alliance Financing Group Inc. please visit
www.YourFinanceSource.com, or contact:
Bernard Shimkovitz
Chief Executive Officer
Alliance Financing Group Inc
Tel: 905-660-3660 ext. 225 Toll
Free: 877-660-3660
Fax: 905-660-3078
Email: bernie@alliancefinancing.com
For
more information about ACCPAC and its products, call 1-800-945-8007 in North
America, or visit ACCPAC at www.accpac.com
and www.accpaconline.com, or for
media inquiries, contact:
John Schoutsen
Vice President, Press and Analyst Relations
ACCPAC International, Inc.
Tel: 905-676-6794
Email: john.schoutsen@accpac.com
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this press release.
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