Available For Immediate Release
Announcing the Newpoint Technologies Lease Financing Program
Salem, New Hampshire USA, April 5, 2000 - Newpoint Technologies, Inc. --- the world's foremost designer and manufacturer of computer software programs for satellite earth station control and management and network device management --- has announced the Newpoint Technologies Lease Financing Program, which delivers purchase financing options to Newpoint's U.S. based, commercial customers whose purchase exceeds $25K. The addition of both product and services financing to Newpoint's standard terms and conditions enables credit qualified Newpoint customers to conserve cash, and leaves bank credit lines available for other operating expenses. All Newpoint Technologies' systems and services are eligible, such as software maintenance, implementation, user training, and consulting. The Newpoint Technologies Lease Financing Program is implemented by Newpoint's exclusive third party partner, JF Systems Financing. In explaining Newpoint's strategic alliance choice, Paul Houle, CEO, said "JF has established a solid, six year record specializing in the financing of software, hardware, and IT services costs. In addition to the ability to finance both software and services, JF Systems Financing operates in a manner that is much more aggressive and flexible than the restrictive styles typical of the major financial institutions". According to John Ferlins, principal of JF Systems Financing, "This program was specifically designed to fit the systems mix sold by Newpoint. Each customer deserves a flexible, tailored approach because each customer's systems financing requirements, and credit qualifications, are unique." Therefore, each interested Newpoint customer who calls in receives a personalized, real-time response, including professional consulting as to financing alternatives. Quotes are available immediately for most transactions. The Newpoint Technologies Lease Financing Program is streamlined for fast turn-around. Credit decisions are usually forthcoming within two or three days. Newpoint customers who are interested in exploring the options for financing purchases from Newpoint are invited to call Wally Martland at Newpoint Technologies, 603-898-1110 ext. 208 or email wam@newpointtech.com.