CNNfn TO FEATURE CHANCELLOR CHAIRMAN & CEO
-- Business Unusual Interview to Air Tonight at 8:30 p.m. EST --
Boston, MA -- March 9, 1999: Chancellor Corporation (OTC BB: CHLR) today
announced that Company Chairman and CEO Brian M. Adley will appear on
the CNNfn program Business Unusual tonight at 8:30 p.m. EST.
The Business Unusual interview will feature Chancellor's strategic
growth initiative that resulted in solid revenue appreciation and fiscal
1998 return to profitability. The program will also review the Company's
accelerated growth prospects through internal development and the recent
Tomahawk acquisition, which is projected to further increase
Chancellor's revenue base by approximately $50 million in fiscal 1999.
"I am excited by the opportunity to present the Chancellor success story
to a nationwide audience through such a prestigious financial media
outlet as CNNfn," Adley stated. "As we implement the latter half of our
growth strategy I hope to continue reporting our future success not only
in terms of positive financials, but also regarding our expanding
service offering to provide comprehensive solutions for the
transportation equipment financing needs of Fortune 500 and middle
market businesses."
CNNfn's Business Unusual is an entertaining half-hour program that
explores the art and discipline of business creativity, leadership, and
inspiration. The program showcases innovative companies and individuals
that have what it takes to succeed in today's rapidly changing business
environment. Business Unusual illuminates how leaders, from traditional
corporate executives to trend-setting entrepreneurs, create fresh
approaches to business and build success. For more information on the
program, see www.cnnfn.com/hotstories/busunu.
Chancellor Corporation is changing the equipment leasing business
through innovative financing and fleet management programs which reduce
customers' total holding costs and significantly improve fleet
management through 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 international markets, including South Africa
and the CIS. Chancellor is a fleet management and transportation
equipment leasing firm 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 of1995:
This release contains statements that are not historical facts and that
may be deemed to contain forward-looking statements with respect to
events, the occurrence of which involves 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.
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