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From the Wires
Presidio Technology Capital Continues Leasing in Tight Economy

By: PR Newswire
Oct. 13, 2008 03:02 PM

GREENBELT, Md., Oct. 13 /PRNewswire/ -- On the eve of the annual Equipment Leasing and Finance Association (ELFA) convention, Presidio Technology Capital, the financial solutions subsidiary of Presidio, Inc., today announced continued strong leasing activity. In contrast to the current liquidity and lending issues faced by much of the finance industry, Presidio Technology Capital, working closely with a number of stable tier-one funding sources, continues to see strong business. The company is currently implementing an aggressive growth strategy, including staffing increases to keep pace with demand from organizations seeking funding for growth or expansion.

"Our funding strategy is different from that of traditional banks and leasing sources, and we're not seeing the adversity currently faced by many of our industry colleagues," said Bob Necessary, President of Presidio Technology Capital. "Along with our parent company Presidio, Inc, Presidio Technology Capital's leasing business is going strong, and from a variety of industries." Necessary added that leasing remains a strong option in today's economy, eliminating the high initial capital investment required for purchased equipment.

Presidio Technology Capital is focused on making business easier in three key ways:

-- Business Technology Life Cycle(R), a tool to help businesses maximize the return on technology investment;

-- The unique TechFlex(R) program, which gives companies the flexibility to create a lease that focuses solely on what the company wants to achieve;

-- The innovative Presidio Access Support System(R) (PASS) website, which allows customers to easily and efficiently manage their Presidio Technology Capital account.

More information about Presidio Technology Capital and its offerings can be found at http://www.presidio.com.

About Presidio, Inc.

Presidio, Inc., a diversified provider of information technology infrastructure and services, operates through three subsidiaries: Presidio Networked Solutions, Atlantix Global Systems, and Presidio Technology Capital. Presidio Networked Solutions addresses the complete technology lifecycle -- plan, design, integrate, operate and optimize -- for the enterprise, commercial and government markets. Atlantix Global Systems combines hardware and services to help provide more than 10,000 customers with a full lifecycle management process that enables customers to save time and maximize ROI. Presidio Technology Capital is the nation's premier IT infrastructure leasing company, providing flexible financing and leasing solutions for its customers.

SOURCE Presidio, Inc.

Published Oct. 13, 2008
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