El Camino Resources Ramps up Mexican Leasing.WOODLAND HILLS, Calif. -- El Camino Resources, Ltd. today reported that it has experienced strong leasing activity within its Mexican subsidiary over the last several months. "In our most recent fiscal quarter, we achieved $25 million in new lease originations in Mexico," noted David E. Harmon, president and chief executive officer of the California-based lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. and technology services provider. El Camino Resources ramped up its Mexican operations following a 12-month period of reduced activity, and is now a leader in independent leasing, enjoying strong relationships with a number of leading banks. El Camino is focused on multinational companies located in Mexico, as well as companies listed on the country's stock exchange (BOLSA). Its largest account is a recognized leader in Mexican retailing. "We are pleased with our recent results in Mexico," Harmon added. "If the present business pace continues, I expect that we will comfortably exceed our goal of booking $50 million in lease receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed in Mexico during this current fiscal year. In fact, it is conceivable con·ceive v. con·ceived, con·ceiv·ing, con·ceives v.tr. 1. To become pregnant with (offspring). 2. that we might reach the $75 million level." Harmon also noted that El Camino is on schedule in rebuilding its 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. leasing business. Since announcing the completion of a corporate realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. in April, the American operation has concentrated on staffing key positions, primarily in the sales area, and identifying solutions and services areas for future emphasis. In its first few weeks of operation, the United States operation was responsible for $4 million in leased assets. It expects that figure to increase as activities move into high gear. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Harmon, early signs indicate that United States leasing will be successful in the middle or mid-sized business market (defined as companies with between 100 and 999 employees). This is an area that industry analysts have identified as a major source of information technology business between now and 2008. Areas of growth include Unix- and Linux-based servers, expected to be an almost $61 billion market by 2008, and business process integration/ consolidation. "We can provide leases for hardware needed by mid-size companies, and our Infinite Computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. subsidiary can assist in the integration and server consolidation areas." About El Camino Resources International, Inc. El Camino Resources International, Ltd. (ECR ECR Efficient Consumer Response ECR European Congress of Radiology ECR Electron Cyclotron Resonance ECR El Camino Real (Kings Highway; California) ECR Electronic Cash Register ECR East Coast Radio (South Africa) ) was founded in 1979 to provide technology equipment leasing/financing and computer trade-in opportunities for businesses and organizations. ECR specializes in mainframes, workstations, client/servers, storage devices and peripheral equipment from such industry leaders as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Sun, and other selected manufacturers. El Camino's Infinite Computer business unit provides a range of maintenance and information technology services to companies based in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , and El Camino Resources Mexico is responsible for leasing transactions within that country. El Camino Resources is qualified and prepared to offer quotations for the sale, purchase or lease of new and used information technology equipment. The Company has a strong commitment to customer satisfaction and has enjoyed long-standing relationships with companies of all sizes and types. El Camino Resources is headquartered at 6233 Variel Avenue, Woodland Hills CA 91367, and can be reached by telephone at 818.226.6600. |
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