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Telerent Leasing Corporation Recognized with Monitor's Top 100 Award For Second Consecutive Year

Wednesday, August 18, 2010 General News J E 4
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RALEIGH, N.C., Aug. 18 Telerent Leasing Company, a North Carolina-based, independent leasing company specializing in hospitality and healthcare FF&E leases, has been recognized by Monitor Magazine, the leading publication in the equipment and finance industry, as one of the top 100 private independent equipment leasing and finance companies in the U.S. for the second consecutive year. Telerent placed 97th on the list, an increase of three positions from the 2008 rankings.

Telerent provides a trusted direct-financing source to the healthcare and hospitality industries. This year Telerent completed a merger of their hospitality and healthcare equipment financing divisions to form TLC Capital. The combination allows TLC Capital to provide superior project and term financing for equipment, interior and technology acquisitions. Most notably, TLC Capital provides equipment leasing and financing to clients nationwide for commercial and healthcare-grade televisions, furniture, and other commercial and medical equipment.

Monitor Magazine, which evaluated over 4,600 direct leasing sources, chose companies based on a formula taking into account both dollar growth and percentage rate of growth over a two-year period.

"Facing a tough market, Telerent adapted our products and processes to meet clients' needs, and we were rewarded with healthy portfolio growth," said George Fleming, president and CEO of Telerent Leasing Corporation.

"We always endeavor to provide outstanding customer service and unbeatable access to a wide range of specialized financing options," said Jeff Langel, CFO of Telerent. "The fact that we have achieved this designation for a second year is a real indication that we are meeting and, more importantly, exceeding our customers' expectations. At Telerent, we have a clear focus on service and have built an exceptional reputation in this aspect of our business. However, we refuse to rest on our laurels. Our philosophy of continuous improvement means that we constantly strive to improve our offering still further in order to better provide for our partners."

Monitor's annual survey and ranking are based on business activity reported by U.S.-domiciled lease financing companies. A company's rank in the Monitor 100 is determined by its net investment in equipment-related loans and leases. To be considered for the Monitor 100 list, equipment lease finance companies provide year-end data about their investment and new business volume, focusing solely on equipment-related loans and leases.

About Telerent Leasing Corporation:

Telerent Leasing Corporation provides business to business equipment financing solutions to hospitality, healthcare, and commercial industries across the United States. Telerent offers a variety of loan and lease structures, including operating leases for purchasing new or used equipment, leaving capital and credit lines available for other investments and operational expenses. With more than 50 years of lending experience and support in the medical and hospitality industries, Telerent Leasing Corporation delivers the best in customer satisfaction. Based in Raleigh, North Carolina, Telerent Leasing Corporation operates as a subsidiary of ITOCHU International, Inc.

Additional information regarding Telerent Leasing Corporation, its divisions and solutions can be viewed online at www.telerent.com.

SOURCE Telerent Leasing Corporation
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