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SERVICIOS FINANCIEROS QUADRUM AND THE DAVID J. JOSEPH COMPANY ANNOUNCE JOINT VENTURE

 CINCINNATI and MEXICO CITY, Sept. 13 /PRNewswire/ -- The David J. Joseph Company (Cincinnati) and Servicios Financieros Quadrum, S.A. (NASDAQ: QDRMY) (Mexico City) today announced the formation of FerroQuadrum, S.A. de C.V., a joint venture based in Mexico City for the purpose of leasing, repair and remarketing railcars to the Mexican market.
 The formation of this joint venture is intended to bring together the railcar marketing and trading capabilities of the railroad equipment leasing and marketing division of the David J. Joseph Company with the financial strength and operating and marketing expertise of the railcar division of Servicios Financieros Quadrum, S.A.
 FerroQuadrum will be aggressively pursing opportunities arising in the Mexican railcar market in anticipation of passage of NAFTA, continued growth of the Mexican economy, the ongoing restructuring of the Mexican railway system in addition to other events that are expected to augur positively for the demand for railcar services.
 Servicios Financieros Quadrum is currently Mexico's leading non-bank finance company offering asset-driven lending to selected markets through its subsidiaries Factor Quadrum, Arrendadora Financiera Quadrum, Operadora Quadrum and FerroQuadrum. Servicios Financieros Quadrum was the first Mexican financial sector company to issue equity registered with the U.S. Securities and Exchange Commission and was recently awarded a national banking license by the Mexican Ministry of Finance.
 Established in 1885, the David J. Joseph Company is a private company headquartered in Cincinnati, with offices throughout the United States. Its railroad equipment leasing and marketing division owns and operates an active portfolio of leased equipment serving railroads and industry. In addition, Joseph owns and operates a private fleet of railcars which serves to transport company-traded commodities in various markets throughout North America. Joseph is also involved in the trading of rail equipment and the acquisition and sale of equipment portfolios in the financial community. In addition to its railcar business, Joseph has operations involving ferrous metal trading and processing, mill service operations, international trading, non-ferrous metal trading and processing, and municipal recycling.
 -0- 9/13/93
 /CONTACT: Jose Ortiz of Quadrum S.A. de C.V., 525-596-9388, or Fern Lazar of Dewe Rogerson Inc., 212-688-6840/
 (QDRMY)


CO: The David J. Joseph Company; Servicios Financieros Quadrum, S.A. ST: Ohio IN: TRN FIN SU: JVN

SM-TW -- NY081 -- 1400 09/13/93 15:11 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
Words:382
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