this is what we spoke about:
Strategic Asset Leasing has finalized an agreement with Northern Tool with store rollout planned for April 2016.
- Strategic Asset Leasing will now be handling financing and leasing for five Northern Tool locations throughout the US on a preliminary basis.
- Strategic Asset Leasing further announces it has signed a Funding Term Sheet with an institutional investor for $3,500,000. This funding will allow the necessary wherewithal to move forward with our partnership arrangement and bring in many additional partner stores in the coming months.
- Phase 2 and 3 add additional Northern Tool stores eventually including all 90 stores if all terms of the introductory partnership are completed.
Bill Lieberman, CEO said, "Our U.S. expansion is the first phase of five new specialty locations planned for this year. These offerings are fundamentally important to our company's strategy, both in terms of profitable growth and building shareholder value. We are sure our introductory partnership will go as planned and we will be adding all 90 stores in the coming year."
About Strategic Leasing:
