IRVINE, CA and PHILADELPHIA, PA, Dec 01, 2010 (MARKETWIRE via COMTEX) -- Toshiba America Information Systems Inc., Telecommunication Systems Division (Toshiba - www.telecom.toshiba.com) and LEAF Financial Corporation (LEAF), the commercial finance subsidiary of Resource America Inc. /quotes/comstock/15*!rexi/quotes/nls/rexi (REXI 6.03, -0.11, -1.79%) , announced today that they have entered into a vendor finance program agreement to support the customer financing and leasing needs of the Authorized Toshiba Dealer Network. The program, branded Toshiba Telecom Finance, will provide Authorized Toshiba Dealers with a comprehensive lease finance offering designed to make Toshiba IP business telephone solutions more accessible to their SMB customer base.
"We are very excited to work with LEAF Financial to provide our customers with flexible financing solutions from an industry leader in the small and middle-market telephony leasing space. We are committed to providing the Authorized Toshiba Dealer Network with innovative products and programs that will assist them in maximizing their telecom sales efforts," said Larry Meyer, vice president of Sales and Marketing, Toshiba America Information Systems, Telecommunication Systems Division.
"We are pleased that Toshiba selected LEAF to provide financial services to Authorized Toshiba Dealers and their customers and to support Toshiba Telecom Finance," said Crit DeMent, CEO of LEAF. "As companies invest in leading-edge communication solutions to stay competitive, Toshiba Telecom Finance will help them achieve those goals with affordable financing solutions. LEAF's highly responsive service and support capabilities will make it extremely convenient for the Authorized Toshiba Dealer Network to utilize lease financing as a powerful closing tool."
About LEAF Financial Corporation LEAF Financial Corporation is a commercial finance and asset management company headquartered in Philadelphia, PA. LEAF's business model is to originate small to middle ticket equipment leases and loans in a variety of asset classes through specialized strategic business units. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles.
About Resource America Inc. Resource America Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the real estate, commercial finance, and financial fund management sectors. For more information please visit our Web site at www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.
About Toshiba America Information Systems Inc. (TAIS) Headquartered in Irvine, Calif., TAIS is comprised of four business units: Digital Products Division, Imaging Systems Division, Storage Device Division, and Telecommunication Systems Division. Together, these divisions provide mobile products and solutions, including industry-leading portable computers; televisions, TV/DVD Combination products, Blu-ray Disc and DVD products, and portable devices; imaging products for the security, medical and manufacturing markets; storage products for automotive, computer and consumer electronics applications; and IP business telephone systems with unified communications, collaboration and mobility applications. TAIS provides sales, marketing and services for its wide range of products in the United States and Latin America.
TAIS is an independent operating company owned by Toshiba America, Inc., a subsidiary of Toshiba Corporation. Toshiba is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products spanning information & communications systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances. Toshiba was founded in 1875, and today operates a global network of more than 740 companies, with 204,000 employees worldwide and annual sales surpassing 6.3 trillion yen (US$68 billion). For more information on Toshiba's leading innovations, visit the company's Web site at www.toshiba.com.
Copyright 2010 Toshiba America Information Systems Inc. All rights reserved. All product, service and company names are trademarks, registered trademarks or service marks of their respective owners. Information including, without limitation, product prices, specifications, availability, content of services, and contact information is subject to change without notice.
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