Under this vendor program, Leasing Solutions will make available a complete range of lease financing alternatives for NCR's corporate customers. This arrangement will provide Leasing Solutions with an opportunity to increase its leasing activity with large, corporate customers, as well as increase its lease volume and diversify its lease portfolio. This program is intended to complement NCR's existing vendor program with one of its affiliates.

With domestic annual sales of approximately $400 million, NCR's Enterprise Computing Division is a market leader for commercial parallel processing systems.

NCR's computer platforms are integrated with the UNIX operating environment and feature the Teradata parallel relational database system that is capable of processing large volumes of transactions, as well as store, correlate and analyze massive amounts of information. Prior to AT&T's acquisition of NCR and Teradata, Leasing Solutions had a very successful vendor program with Terdata covering similar products.

"Many large corporate businesses generate massive amounts of mission critical data about customers, markets and internal operations. In order to remain competitive, these businesses must be able to store and analyze information without delay," said Hal Krauter, Leasing Solutions' president.

"We participated very successfully with Teradata in this market segment previously and are delighted to be able to do so again with NCR. This program has the potential to generate significant levels of lease transaction volume in the future," Krauter added.

Leasing Solutions is a full-service vendor leasing company that specializes in leasing information processing and communications equipment, principally to large creditworthy customers. Most leases written by the company qualify as operating leases.

Leasing Solutions has purchased over $750 million of equipment, representing over 275,000 assets, and currently services over 400 customers. Based in San Jose, the company maintains regional leasing offices in the Atlanta, Boston, Chicago, Dallas, Los Angeles, New York City, San Jose metropolitan areas and the United Kingdom.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing services and the products to be leased by the Company, the continued availability to the Company of adequate financing, the ability of the Company to recover its investment in equipment through remarketing, and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings.

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 26, 1995--Leasing Solutions Inc. (NASDAQ:LSSI) announced Thursday that net income for the fourth quarter ended December 31, 1994, increased 59% to a record $1,501,000, or $.24 per share, from $945,000, or $.18 per share, for the same period in 1993, as revenue advanced 15% to a record $16,198,000 from $14,067,000 a year earlier.

"The sharp advance in earnings per share for the fourth quarter reflects the successful deployment of the capital raised in the company's secondary public stock offering in March, 1994," said Hal Krauter, president of Leasing Solutions.

For the twelve months ended December 31, 1994, net income rose 43% to a record $4,592,000, or $.75 per share, from $3,219,000, or $.66 per share for 1993. Revenue advanced 18% to a record $60,087,000 from $50,818,000 for the prior year.

"These record results confirm the validity of our strategy to achieve controlled, steady growth. During 1994, we enhanced the flow of lease opportunities available to the company by establishing important new vendor relationships and launching additional marketing initiatives.

"We enhanced our ability to take advantage of these opportunities by significantly expanding our access to capital. We further refined our internal management controls and procedures in our continuing efforts to achieve maximum profitability consistent with an acceptable level of risk for all of the leases we write," Krauter said.

"For the second consecutive year, our record performance was achieved with virtually no increase in employment. This performance is a tribute to the commitment and quality of all Leasing Solutions' employees," Krauter added.

Leasing Solutions, founded in 1986, is a full-service vendor leasing company that specializes in leasing information processing and communications equipment, principally to large, creditworthy customers. Most leases written by the company qualify as operating leases.

Leasing Solutions has purchased over $485 million of equipment, representing over 115,000 assets, and currently services over 350 customers. Based in San Jose, the company maintains regional leasing offices in Atlanta, Boston, Chicago, Dallas and San Jose.

SAN JOSE, Calif.--(BUSINESS WIRE)--July 19, 1996--Leasing Solutions, Inc. (NASDAQ: LSSI), announced today that Robert Cope has joined Leasing Solutions International Ltd. as Corporate Sales Manager.

Cope will initially focus on implementing Leasing Solutions' vendor leasing program with Dell Computer throughout Europe.

"Robert's knowledge of high technology and his direct leasing experience significantly enhances our European operations. Robert is a seasoned manager and will complement the skill set of our European management team, " said Hal Krauter, Leasing Solutions' President.

"Our international expansion strategy was validated by the signing of the Dell European vendor program in May. The addition of experienced managers, such as Robert, reflects our commitment to managed growth as we begin to meet the international needs of our multi-national vendor partners and customers," added Krauter.

Cope was most recently a consultant with MFS Communications, a large telecommunications company, where he evaluated European market opportunities and developed business plans for new operations in Europe.

Prior to that, Cope was with Digital Equipment Corporation, where he was the European Operations Manager and subsequently the Marketing Manager for Digital's European Leasing Program. In this position Cope created and developed DEClease joint ventures in several countries throughout Europe.

Cope has also been with IBM at various European locations, where he held a range of sales and senior management positions. He also worked for IBM's European leasing company, Financing Services International Ltd., where he held management roles for both product and country operations. During this period, Cope successfully launched the Total System Lease throughout Europe in support of IBM's AS400 product announcement.

Cope holds a graduate degree in Engineering and Management Studies from Cambridge University.

Leasing Solutions, founded in 1986, is a full-service vendor leasing company that specializes in leasing information processing and communications equipment, principally to large, corporate customers. Most leases written by the Company qualify as operating leases.

Leasing Solutions has purchased over $750 million of equipment, representing over 200,000 assets, and currently services over 400 customers. Based in San Jose, the Company maintains regional leasing offices in Atlanta, Boston, Chicago, Dallas, San Jose and the United Kingdom.

SAN JOSE, Calif.--(BUSINESS WIRE)--March 30, 1995--Leasing Solutions, Inc. (NASDAQ: LSSI), announced today that Leasing Solutions Receivables, Inc., its wholly-owned subsidiary, has completed a private placement of $17.5 million of non-recourse, subordinated debt securities, with a coupon of 9.71%.

The non-recourse notes are collateralized by the residual cash flows from the portfolios of equipment and leases financed by the subsidiary's public offerings of $74 million of non-recourse, lease-backed debt securities during 1994. The transaction was placed with a major U.S. insurance company. Prudential Securities acted as the placement agent for the offering.

This offering provides a unique method of financing the "equity" portion of equipment acquisitions. As the Company finances future lease portfolios through the public debt market, the collateral provided by residual cash flows from those portfolios are expected to permit future subordinated debt offerings.

"This new method of financing our transaction-related equity provides an extremely attractive financing alternative to our company. This arrangement avoids the necessity of a dilutive public offering of common stock and is relatively lower in cost than customary alternatives," said Hal Krauter, President of Leasing Solutions. "As a capital intensive business, it is extremely helpful to have a financing alternative for the transaction-related equity necessary to fuel our growth, that reduces our reliance on the public equity markets. This transaction also expands our excellent working relationship with Prudential Securities," added Krauter.We were able to place this unique type of security for Leasing Solutions because of the Company's outstanding historical remarketing results and the excellent makeup of lessees and equipment in its securitized portfolios," said Shanker Lall Merchant, a Managing Director of Prudential Securities.

Leasing Solutions, founded in 1986, is a full-service vendor leasing company that specializes in leasing information processing and communications equipment, principally to large, creditworthy customers. Most leases written by the Company qualify as operating leases. Leasing Solutions has purchased $500 million of equipment, representing over 140,000 assets, and currently services over 350 customers. Based in San Jose, the Company maintains regional leasing offices in Atlanta, Boston, Chicago, Dallas and San Jose.

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 20, 1996--Leasing Solutions, Inc. (NASDAQ: LSSI), announced today that it has filed a registration statement with the Securities and Exchange Commission for the issuance of $50 million of convertible subordinated notes due October, 2003. In addition, the underwriters have been granted an over-allotment option with respect to an additional $7.5 million of convertible subordinated notes.

The offering will be made through an underwriting group led by Prudential Securities Incorporated and Smith Barney Inc. Proceeds from the offering are anticipated to be used primarily to fund the Company's equity investment in equipment it leases to its customers and for general corporate purposes.

The registration statement filed with the Securities and Exchange Commission has not yet become effective. The securities subject to the registration statement may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, such convertible subordinated notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such notes under the securities laws of such state. The offering of such notes may be made only by a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus relating to the offering may be obtained, when available, from the offices of Prudential Securities Incorporated, 111 8th Avenue, 5th Floor, New York, NY 10011, or Smith Barney Inc., Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220.

Leasing Solutions, founded in 1986, is a full-service vendor leasing company that specializes in leasing information processing and communications equipment, principally to large, creditworthy customers. Most leases written by the Company qualify as operating leases. Leasing Solutions has purchased over $750 million of equipment, representing over 275,000 assets, and currently services over 400 customers. Based in San Jose, the Company maintains regional leasing offices in the Atlanta, Boston, Chicago, Dallas, Los Angeles, New York City, San Jose metropolitan areas and the United Kingdom.

When you lease a car you pay for the period that you use it. In other words, suppose a car costs $25,000 at the onset and it is leased for a period of 2 years. If its value at the end of 2 years were considered to be $13,250, you would have to pay $11,750. This amount would is payable in 24 equal installments with interest added.

When calculating the current value of the automobile, car-leasing companies take into account the capitalization price, also called the cap price or the lease price. This price could be lower than the manufacturer?s suggested retail price of the car, which is subject to negotiations.

The next step is the evaluation of depreciation during the period of lease. Depreciation is considered more in the first year of lease, about 30%. Then the next year it is 17%, a little higher than half of the first year. In the third year it is 8% and so on -- always-about half of the previous year. Depreciation is judged arbitrarily, as there can be no prediction about the future. The difference in the cap cost and the cost after considering depreciation is called the residual price.

Then comes the application of the interest rates. Every car has a number on it called the money factor. This money factor is a small decimal number that is multiplied by 2400 to give the interest rate. This interest rate is applied to the residual price, and it is divided in equal monthly installments.

Thus, when you lease a car, you can feasibly drive a new car every three years, or whatever period the lease is for. Financially speaking, a lease is cheaper than taking out a loan to purchase a car. If you pay some amount upfront, it makes the difference less and reduces the monthly installments. While leasing a car, it is better to make the lease period coincide with the warranty on the car. This way all the major repairs are covered by the warranty period. Leasing also proves less worry because once the lease period is over; you can simply trade it in and lease a new one. There is no hassle of having to get rid of the old car.

Like any financial benefit, leasing also has its problems. Even a zero percent lease is not zero percent. There is always a cost to be paid to the lease company. There are the taxes such as sales tax, deductibles, etc. There is even a tax on the monthly payment. Some leasing companies also set a limit on the mileage per year. If your car crosses that limit, then you end up paying extra to compensate for the wear and tear due to the extra damage. Lease companies may not refund the claim money if they think that the car has not been maintained properly. It is imperative to save all the bills of maintenances and repairs done to the car.

One should carefully weigh out the pros and cons before agreeing to leasing a car. Strictly speaking, there is no convenient way to wrangle out of a car lease. Trying to terminate a car lease before its period is over attracts hefty penalties and also spoils your credit record for your next purchase. It is essential to get all the facts about car leases before approaching a leasing company.

Corporate bonds are like lending money or providing a loan to a business. The lender loans money to a company or corporation, in return the corporation pays you interest on the money that you have lent them. The company that has borrowed the money commits to you or gives you their promise that they will pay back the money borrowed on a pre-arranged date. This is called the maturity date.

Corporate bonds usually come in multiples, like $1, 000 or $5,000. Interest on the money is paid to the lender. This amount is usually pre-determined and paid semiannually. The interest received from the corporate bonds is taxable and must be declared.

Even though you have borrowed money from the company in the form of a corporate bond, it does not mean that you have any interest or ownership of the company or business. This means that you have no say in what the company does with the money you have invested with them or their own capital.

How big is the market and who trades them?

The market for corporate bonds is huge with daily trading of $23 billion. Corporate bonds are usually traded in the over-the-counter market. An over-the-counter market means that there is no specific location or shop where the corporate bonds market is situated. Instead there are dealers and brokers all around the country who trade over the phone or electronically.

The main investors in corporate bonds are large financial institutions, such as banks, insurance companies and pension funds. Individuals also invest in corporate bonds for the benefits corporate bonds offer as an investment. Anyone who has money to invest can trade in the corporate bond market.

What are the benefits of investing in Corporate Bonds?

Investors buy corporate bonds because of the many benefits available from investing in this market. Some of these benefits include:

* Safety, bonds work on a rating system that goes on the company’s credit history and its prior record for repaying debts. The higher the rating of the company, the safer the investment will be.

* A steady income can be obtained from corporate bonds. This is a great idea to protect the principal amount of money, yet still gain an attractive income from the investment.