Undiscovered stock, 1/2 X 9/16, 47,081,000 revenues for 9mo ending 9/30/99, 1,194,000 net income, 60,000,000 revenues anticipated for 1999. Numbers expected in March.
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News from Jan
Wednesday January 19, 10:51 am Eastern Time
Company Press Release
Chancellor to Report Another Profitable
Year
BOSTON--(BUSINESS WIRE)--Jan. 19, 2000--Chancellor Corporation (OTC:CHLR - news) announced today that it
will close out 1999 with another profitable year. The Company anticipates 1999 revenues to be approximately
$60,000,000. Since the change in management and new ownership the Company has had nine consecutive profitable
quarters and has grown top line revenues from just under $5,000,000 in 1997 to approximately $60,000,000 in 1999.
Chancellor Chairman and CEO, Brian M. Adley commented on the Company's year end results ``We anticipate our year
end numbers to be released in March and have started 2000 with continued growth. E-commerce will continue to
strengthen our industry. The platform and unique competitive advantage that we have developed will continue to
improve our results. Although 1999 results are positive; we are not yet satisfied. We plan on continuing to build our
management team around our President and COO, Frank E. Churchill, and look forward to 2000.'
Chancellor Corporation is spearheading an evolution in transportation equipment finance through innovative financing
and fleet management programs. The Company seeks to reduce a customer's total holding cost through its
``Wholesale-Plus' lease pricing strategy and through other value-added services, including asset management,
equipment maintenance, fuel management and data management strategies. Since its founding in 1977, Chancellor has
completed a total of approximately $1.5 billion in equipment lease transactions for its Fortune 500 and middle market
customers in the U.S. and select international markets. Chancellor is a transportation equipment finance and fleet
management solutions provider headquartered in Boston. The Company's Internet address is
chancellorcorp.com. The Company is publicly traded under the symbol ``CHLR'.
``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 and uncertainties detailed in the Company's Securities and Exchange
Commission filings.
Contact:
Chancellor Corporation
(617) 368-2700
information@chancellorcorp.com
chancellorcorp.com |
