Creo and Key Equipment Finance Partner to Provide Worldwide Leasing Program.Business Editors Creo Inc. (Nasdaq:CREO) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ) has signed an agreement with Key Equipment Finance (KEF kef n. Variant of kif. ), an affiliate of KeyCorp, to offer third-party leasing for customers around the world. Key Equipment Finance, the sixth largest bank-affiliated leasing company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , customizes financing programs for equipment manufacturers and other companies in 25 countries around the world. The leasing program is now available for printers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe and will be expanded to other areas of the world where both Creo and KEF do business. "Through Key, these financial services will offer our customers an attractive way to enjoy the quality and performance of Creo's world-class workflow and imaging systems," said Mark Dance, chief financial officer and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Creo. "With a lease agreement our customers can combine their purchases of Creo prepress equipment into a single monthly lease payment." "In today's economic environment, more and more of our clients around the globe are seeing that flexibility is key to continued growth," said Paul A. Larkins, president and chief executive officer of Key Equipment Finance. "Creo now has the distinct competitive advantage of offering the world's best prepress equipment, along with an attractive way for customers to finance that equipment." Vincent A. Cuzzo of the New York-based Vendor Leasing Program consulting group, The CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , facilitated the leasing agreement with KEF. Leasing has been available to Creo customers in North America since 1999. It provides printers with the opportunity to upgrade technology to enhance productivity without the need for a large capital investment. About Key Key Equipment Finance provides business-to-business equipment financing solutions to: small businesses in the U.S.; mid-to-large size businesses in the U.S. and Canada; the customers of equipment manufacturers, distributors and value-added resellers worldwide; and federal, state and local municipalities as well as other public sector organizations. Headquartered near Boulder, CO, Key Equipment Finance has been in the equipment finance business for nearly 30 years and has a presence in 25 countries, with major operations in Albany, London, Toronto, and Sydney. The company employs more than 600 people worldwide and manages an $8 billion equipment portfolio with annual originations of nearly $3 billion. Additional information is available at KEFonline.com. About Creo Creo is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates and proofs; professional color and copydot scanning systems; and workflow management software. Creo is also an Original Equipment Manufacture supplier of on-press imaging technology, components for digital presses, and color servers for high-speed, print-on-demand digital printers. Creo trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . www.creo.com (c) 2002 Creo Inc. The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice. This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2001, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release. |
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