ALBARA LEASING PROGRAM INTRODUCED
ALBARA LEASING PROGRAM INTRODUCED CONROE, Texas, May 27 /PRNewswire/ -- Albara Corp.
(OTC Bulletin Board: ALAB) reported today that its operating subsidiary, Micro Business Solutions Inc., has entered into an agreement with TransLeasing International of Northbrook, Ill. to underwrite its leasing program. The leasing program, called "Lease To Fit(TM)," has been specially designed to meet the needs of business users of Macintosh computers. The Lease To Fit program offers five lease options enabling customers to lease Macintosh equipment for an affordable monthly payment. Leases are available, upon approved credit, for purchases over $2,000.
Real Provencher, president of Albara stated, "Leasing has been used very successfully in the past two to three years by many companies that sell computer equipment. We believe that the introduction of this leasing program, the first in the Macintosh arena, will enhance revenues in 1992 and beyond." Leasing options include a True Lease, which offers a 10 percent buy out option at the end of the lease; an Installment Lease, which offers a $1 buy out at the end of the lease term; a Speed Lease which offers a 90 or 180-day term without payments and an option to convert to another type of lease or make full payment at the end of the term; a 20/20 Lease requires a 10 percent security deposit, 20 equal payments, and a 10 percent buy out option at the end of the lease period; and the 90-day deferred lease which requires the customer to pay the first and last payment in advance and allows them to make no payment for 90 days. Albara through its two operating subsidiaries, develops, publishes and markets computer hardware, software and peripherals for the Apple Macintosh microcomputer. Marketing of its products is done via direct response marketing, authorized dealers and value added resellers. Albara has two operating subsidiaries, Micro Business Solutions Inc. ("MBSI") and NorthCon Technologies Inc. ("NCTI"). MBSI operates under the trade name "Hardware That Fits" and sells computer hardware and peripherals for the Macintosh microcomputer via the direct response market. In addition, MBSI markets its own line of hardware products that includes laser printers, a color printer, a color scanner and both gray scale and color monitors under the "RealTech" tradename. NCTI currently markets two software products to computer dealers and mail order companies: Double Helix and Multi- User Helix both of which are databases which utilize client-server architecture. The common stock of Albara is traded in the over-the-counter market and is listed in the Bulletin Board maintained by the National Quotation Bureau. -0- 5/27/92 /CONTACT: Holly Arbuckle of Albara, 409-539-2992/ (ALAB) CO: Albara Corp. ST: Texas IN: CPR SU:
BB-MC -- DV004 -- 4096 05/27/92 09:03 EDT
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|Date:||May 27, 1992|
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