ABC Telephone Systems Launches New Division; Financial Services Group Launched to Complement Telecommunications Business.

FORT LAUDERDALE, Fla. -- ABC Telephone Systems, a 25 year-old telecommunications company announced the launch of its newest business unit, ABC Financial Services Group (FSG). ABC FSG provides a wide range of financing services, including re-financing existing office equipment to access additional capital within a business.

Over the past twenty-five years, ABC Telephone Systems has created long-standing relationships with leading financial institutions such as American Express, Wells Fargo, and CitiCapital a division of CitiGroup. These relationships formed the foundation of the new Financial Services Division.

ABC Financial Services Group provides a compelling alternative to traditional bank financing for small to medium-sized growing businesses. These companies can access the existing equity within their business without the typical administrative shortcomings of bank financing such as personal guarantees, tremendous paperwork, and long turnaround times.

"A company with good credit that has been in business for at least three years and has annual revenue above $1,500,000 can typically get funding of up to $100,000 in less than a week," stated Randy Simon, CEO of ABC Financial Services Group.

Simon added, "Small and medium-sized companies are the backbone of the American economy. Unfortunately, they do not have access to the same financial support as much larger companies. ABC FSG is helping these companies grow by allowing them to quickly access additional capital for their business."

The market for alternative financing in the United States is estimated at $5 Billion annually. ABC Financial Services Group will initially target companies in the South Florida market and then expand regionally and nationally.

About ABC Telephone Systems

ABC is one of South Florida's largest independent phone system providers. The company represents communications solutions from leading companies such as Inter-Tel, NEC, and Telrad. Over the past 25 years, ABC has acquired over 10,000 corporate accounts and installed over $100,000,000 of communications equipment. The company's latest initiative is ABC Financial Services Group; a division dedicated to helping growing companies access equity in their businesses. For more information, please contact ABC at [phone] Ext: 200 or visit http://www.abctelephones.com.