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To: n2profit who wrote (719)1/10/1999 6:52:00 AM
From: ColleenB  Read Replies (1) | Respond to of 939
 
There was some excellent news out on EVDS Friday afternoon..... I'll post it here for those of you who might not have seen it... also quite a nice reaction to the news...http://quote.yahoo.com/q?s=EVDS&d=5d

Friday January 8, 1:28 pm Eastern Time

Company Press Release

SOURCE: Environmental Digital Services, Inc.

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 - news; 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.

More Quotes and News:
Environmental Digital Services Inc (OTC BB:EVDS - news)
Related News Categories: environmental

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