|
News Release
For
Immediate Release - May 28, 2004
Company Web Site: www.capsource-financial.com
CapSource
Financial, Inc. Announces the Hiring of Executive
for its Monterrey, Mexico Facility
(Boulder, Colorado)
- CapSource Financial, Inc. announced today its trailer sales subsidiary,
RESALTA, has hired Alfonso Castillo as the manager of its sales facility
in Monterrey, Mexico. Mr. Castillo was previously nationwide sales manager
for Trailers de Monterrey where he was employed for twenty years. Mr.
Castillo attended the University of Neuvo Leon where he studied accounting.
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 at (888)
574-6744 or CEOcast: Ken Sgro (212) 732-4300; Visit the company's website:
www.capsource-financial.com
|