NEWS ATLB: biz.yahoo.com
Friday April 9, 11:21 am Eastern Time
Company Press Release
Dolphin Capital Presents Internet-Based Lease Origination Program at Business Technology Association 1999 Converging Technologies Conference
MOBERLY, Mo.--(BUSINESS WIRE)--April 9, 1999--Dolphin Capital, the leasing subsidiary of Atlantic Bank (NASDAQ:ATLB - news) presented Powerlease(tm)(1), a proprietary internet-based lease origination program, at the 1999 Converging Technologies Conference of the Business Technology Association (''BTA'') held this week in Las Vegas, Nevada.
Dolphin Capital originates small-ticket equipment leases for copiers, computers and other equipment through a national network of vendors and dealers.
Using Powerlease, a lease application is submitted via the Internet from the point of sale to Dolphin's offices in Moberly, Missouri. Promptly upon receipt, the application is credit-scored, and if approved, lease documentation is electronically prepared, transmitted via the Internet, and printed at the point of sale location for execution by the customer. The entire transaction can be completed in a matter of minutes!
''Vendors and dealers will find Powerlease to be a very effective sales tool,'' said Jim Kyrios, President of Dolphin Capital. ''The Internet application makes it easy and cost efficient to install, even for multiple-store operations. Powerlease is an attractive alternative for those vendors and dealers who seek a fast response lease finance program.''
Earlier this week, Dolphin Capital's parent, Atlantic Bank, announced its planned entry into online banking through an internet banking services agreement with nFront, Inc.(tm)
Atlantic Bank is a Massachusetts chartered, FDIC insured trust company headquartered in Boston, Massachusetts. Dolphin Capital conducts its national dealer-based equipment leasing business from offices in Moberly, Missouri.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As a result of a number of factors, including factors that Atlantic Bank may not currently foresee, Atlantic Bank's actual results could differ materially from those set forth in the forward looking statements. Please refer to Atlantic Bank's periodic filings with the Federal Deposit Insurance Corporation for a more complete discussion of these factors.
(1) Powerlease(tm) is a trademark of Dolphin Capital. |
