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News Release
For
Immediate Release - May 17, 2004
Company Web Site: www.capsource-financial.com
CapSource Financial,
Inc. Announces Expansion into Monterrey, Mexico; Mexico's Industrial Center
(Boulder, Colorado)
- CapSource Financial, Inc. announced today it has leased a location in
Monterrey, Mexico from which RESALTA, its truck trailer sales subsidiary,
will serve north east Mexico. Monterrey is Mexico's industrial center,
major transportation hub and home to over 200 trucking fleets. Monterrey
accounts for about 25 percent of Mexico's total manufacturing base.
RESALTA, headquartered
in Mexico City, is the exclusive dealer/distributor of Hyundai Translead
van trailers in Mexico. Hyundai manufactures high quality transportation
equipment in a state-of-the-art manufacturing plant. Hyundai Translead
was the first, and remains the only, North American manufacturer of van
trailers, containers and chassis to receive ISO 9002 Certification, a
recognized global standard of excellence.
About CapSource Financial, Inc.
CapSource Financial, Inc. was incorporated in 1996 to take advantage of
the 1994 North American Free Trade Agreement (NAFTA) and the increased
economic activity that NAFTA triggered when the world's largest free trade
area was created by linking 406 million people in Mexico, the U.S. and
Canada producing more than $11 trillion worth of goods and services or
about one-third of the world's total GDP. After ten years, NAFTA has been
a huge success. Mexico is now the United States' second largest trading
partner. Total trade among the three NAFTA countries has grown to $1.7
billion in goods crossing the borders each day. U.S. trade with Mexico
has increased nearly 500 percent - from $48 billion to $239 billion since
the passage of NAFTA. The vast majority of this trade moves by truck.
In addition to its
RESALTA subsidiary, CapSource owns and manages a lease/rental fleet of
over-the-road truck trailers and related equipment through its REMEX subsidiary,
also based in Mexico City. CapSource's common stock trades on the electronic
bulletin board under the symbol CPSO.
For Additional Information
Contact:
CapSource:
Fred Boethling (888) 574-6744
CEOcast: Ken Sgro (212) 732-4300 - kensrgo@ceocast.com
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