Intel™ Financial Services Launches

Provides Resellers Leasing Solutions Targeted at Small and Medium Businesses

HILLSBORO, Ore., Oct 7, 1998 -- Intel Corporation today announced the North America launch of Intel™ Financial Services, a new program that enables resellers participating in the Intel Product Dealer program to offer leasing solutions to their commercial customers. The program is the latest effort by Intel to help small and medium businesses benefit from the latest computer and communications technology, and represents an important step in Intel's overall channel strategy.

Intel has teamed up with Newcourt Financial, a business unit of Newcourt Credit Group, Inc., to create a leasing program that meets the requirements of the reseller channel and their commercial customers.

"Traditionally, many small to medium resellers have not had access to competitive financing programs," said Jim Yasso, vice president and general manager of the Reseller Product Division. "Intel Financial Services addresses this by offering the reseller easy to use, quick response financing with competitive rates, Web-based financing, and dedicated customer support."

"Dealers and their customers can now benefit from Intel's quality and service expertise combined with Newcourt's ability to deliver technology-based financing solutions," said Bradley Nullmeyer, president of Newcourt Financial.

Leasing enables businesses to fit robust computing, communications and networking solutions into tight budgets. It also helps protect against technology obsolescence through technology refresh, a leasing option that allows a business to upgrade equipment while maintaining a predictable payment schedule.

"PCs, especially connected PCs, help improve productivity," Yasso said. "Small and medium businesses can take advantage of Intel Financial Services to achieve earlier, more extensive deployment of robust computing products and networks."

The program is available through resellers who have qualified as Intel Product Dealers. Products eligible for Intel Financial Services offerings include Intel processor-based PCs and servers, other computer hardware, software, services, and office-related products sold by Intel Product Dealers.

The program is being rolled out in the U.S. and Canada starting Oct. 6, 1998. For more information on Intel Financial Services call (800) 842-4544. Resellers interested in becoming Intel Product Dealers should visit the Intel Web site at channel.intel.com/business/ibp.

Newcourt Financial is the commercial finance business of Newcourt Credit Group, one of the world's leading sources of asset-based financing serving the corporate and commercial markets with owned and managed assets of US$23.1 billion (C$34.0 billion) and a global capability in 24 countries.

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