Promotion of VoIP Business Telephone Solutions by Toshiba America Information Systems

As it is described in the last press release, Toshiba America Information Systems Inc., Telecommunication System Division, and LEAF Financial Corporation (LEAF), the commercial finance subsidiary of Resource America Inc. have initiated a vendor finance program agreement to foster the customer financing and leasing requirements of the Authorized Toshiba Dealer Network.

The Program will be named as Toshiba Telecom Finance, in order to be the tool for authorized Toshiba Dealers to provide comprehensive lease finance offering, targeted to make Toshiba VoIP business telephone solutions more available to their small to medium business customer pool. "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,” said Larry Meyer, vice president of Sales and Marketing of Toshiba America Information Systems for the Telecommunication Systems Division. “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." "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, in a press release. "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." LEAF Financial Corporation is headquartered in Philadelphia, Penn., being the commercial finance and asset management company. Its business model is designed to emit small to middle sized equipment leases and loans in a variety of asset ranging through specialized strategic business units. After origination of the leases, LEAF operates these leases for its own account, institutions, and individual investors by means of investment partnerships and other different forms of investment.