-- Environmental Digital Services, Inc. Reports Leasing Agreement with Green Tree --
/FROM PR NEWSWIRE MIAMI 305-461-8666/
TO BUSINESS AND ENVIRONMENTAL EDITORS:
Environmental Digital Services, Inc. Reports Leasing Agreement with Green Tree
Green Tree to Offer up to $40 Million
for Leasing of EDSi Fuel Monitoring Systems
PALM BEACH GARDENS, Fla., Jan. 8 /PRNewswire/ -- James P. Crehan, Sr.,
Chairman of the Board of Environmental Digital Services, Inc.
(OTC Bulletin Board: EVDS) (EDSi), a publicly traded high technology based
provider of underground tank monitoring, leak detection and risk management
solutions, has announced the closing of an agreement with Green Tree Vendor
Services Corporation of Paramus, New Jersey, one of the country's leading
lease finance firms. The agreement commits Green Tree to accept applications
from EDSi customers for the purpose of leasing its Capscan fuel monitoring
system. The agreement runs for the duration of 1999, and subject to Green
Tree's normal credit and documentation review, will allow for up to
$40 million of lease transactions.
Mr. Crehan also reports that following up on very successful fall and
winter preproduct release trade show, exhibition and media campaigns, the EDSi
sales staff will commence demonstrating the Capscan System with the first
production units during the week of January 11. EDSi has already received
orders and deposits for the Capscan System, and expects to book many
significant orders early in the first quarter of 1999.
In recognition of past contributions and reflecting an increasing level of
responsibilities, Mr. James J. Karikas, Jr. has been promoted from the
position of Director of Sales to the vacant position of Vice President, Sales
and Marketing, effective immediately. Mr. Karikas continues to organize a
growing sales staff preparing for mid-first quarter product shipments.
SOURCE Environmental Digital Services, Inc.
/CONTACT: William A. Wolters, Executive VP, EDSi, 877-337-4227/
Symbols:
US;EVDS
Source PRN - PR NewsWire
Categories:
NWR/FL NWR/NJ NWI/ENV NWS/PER
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