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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (1919)	4/15/1999 11:19:00 PM
From: kathyh	Read Replies (1) \| Respond to of 108040

"Clarifications" on FSFH release... First from Enpointe... En Pointe Technologies Issues Correction of First Sierra News Release PR Newswire - April 15, 1999 19:24 EL SEGUNDO, Calif., April 15 /PRNewswire/ -- En Pointe Technologies, Inc. (Nasdaq: ENPT) has issued a correction to a news release issued by First Sierra Financial, Inc. (Nasdaq: FSFH) on April 12, 1999. That news release incorrectly states that En Pointe has signed an "exclusive financing agreement" with First Sierra. While it is correct that First Sierra has signed an exclusive agreement with En Pointe for First Sierra to design and build a customer finance program and to provide certain other leasing and financing services, it is to be noted that, contrary to the impression suggested by the above words in the First Sierra press release, En Pointe's and its subsidiaries' customers may lease their products from any leasing source of their choice. //// Then from FSFH.... First Sierra Clarifies Agreement with En Pointe Technologies Inc. Business Wire - April 15, 1999 21:54 HOUSTON--(BUSINESS WIRE)--April 15, 1999--First Sierra Financial, Inc. (NASDAQ:FSFH) announced on April 12, 1999 that it had signed an exclusive financing agreement with En Pointe Technologies Inc. To clarify, the company has signed an exclusive agreement with En Pointe to design and build a customer finance program and to provide certain other leasing and financing services. As always, customers of any company may finance equipment purchases with the financing source of their choice. First Sierra Financial Inc., headquartered in Houston, is an e-commerce technology and services provider to small businesses. The company customizes lease financing products and offers servicing, consulting and technology solutions via on-line connections to its e-commerce software system. The company acquires, originates, sells and services equipment leases on a wide range of computers and peripherals, software, telecommunications, and diagnostic equipment as well as other specialized equipment for the health care, automotive, food and hospitality industries. First Sierra operates 28 offices in 14 states in the US and three locations in the UK. This release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect the management's view only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should also carefully review the risk factors described in documents the company files from time to time with the Securities and Exchange Commission, including the Form 10-K for the year ended Dec. 31, 1998. CONTACT: First Sierra Financial, Inc., Houston ' Thomas Depping, CEO Sandy Ho, CFO Peter Tallas, SVP 713/221-8822 or Morgen-Walke Associates, Inc., New York Michele Katz/Ian Hirsch Press: Brian Maddox 212/850-5600