Strategic Asset Leasing Inc (LEAS)

[BostonRon]

$LEAS News - (LEAS) announces the further expansion of its financing and leasing operations with the addition of five partner locations during phase 1 of our expansion plan:
- 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:
Strategic Asset Leasing provides a wide range of financial services to support our customers throughout Canada and the United States. Our leasing plans enable companies to acquire, upgrade or replace equipment easily and economically. Our services include, Asset Backed equipment leases across a variety of credit levels. http://www.strategicassetsleasing.com Northern Tool offers a large line of products that appeal to industrial sized companies, small shops, and handymen. Shop a large selection of power generators, pressure washers, air compressors, welding equipment, trailers + towing, and much more. Northern Tool is committed to bringing customers, like you, quality products at an affordable price.