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For Immediate Release

Tampa, FL… Mangrove Software Adds Leasing Options through Strategic Partnership.

Tampa, FL…September 1, 2004 – Mangrove Software, a leading provider in web-payroll and employee management solutions, announces a strategic partnership with eLease. eLease is an enterprise-wide corporate leasing company that focuses on the high-tech industry to offer corporations of all sizes faster, more comprehensive and cost effective solutions for all corporate leasing needs. 

Tom Williams, President of eLease, commented, "We are very excited about providing a total leasing solution for Mangrove's customers. Our software-leasing program will allow their customers 100% financing, for as long as 60 months. We look forward to mutual success throughout our partnership with Mangrove and offering the best leasing options available to their clients.” 

Mangrove Software’s partnership with eLease gives organizations the option of a customized solution-leasing program. Through eLease, Mangrove Software gives new customers options – allowing customers to tailor their payments to meet their financial needs. Organizations will be able to take advantage of acquiring a new solution and leveraging Mangrove Software’s state-of-the-art technology with no out-of-pocket expenses. With eLease, existing Mangrove customers will no longer need to worry about up-front costs incurred when purchasing expensive payroll/HR equipment, such as check stuffers and printers. 

The main benefits that organizations can expect from eLease include customized payment plans, quick and easy approvals, and bottom line advantages including conserving cash, gaining possible tax advantages, increasing soft costs, and preserving business credit. Best of all, organizations will be able to benefit from obtaining a completely integrated employer services solution immediately, instead of waiting for the next budget cycle to come around, by using this affordable leasing option.

With eLease’s commit to technology, fantastic customer service, and vast number of choices, eLease can be a perfect supplement to a Mangrove Software implementation. Both organizations offer the best-of-breed technology within each of their industries. 

Brian Meharry, Vice President of Sales and Marketing at Mangrove Software, commented, “This partnership allows Mangrove to continue to create options for our customers. We have worked hard in developing choices for customers at the time of purchase, and eLease gives its customers flexible payment options to meet their budgets and financial circumstances. The key for us in selecting eLease was their tremendous expertise in leasing hardware and software.“ 

About eLease

Founded in 1995, eLease specializes in leasing solutions for small to mid-size companies. Leveraging the power of technology, eLease helps growing companies acquire the equipment, services, and resources needed to expand their business – through an Internet browser. With the eLease online application, customers are able to submit their requests with a touch of a button and receive instant approval within minutes rather than waiting for weeks. Some of the equipment eLease finances include computer equipment, telephone systems, vehicles, copiers, software-only, heavy equipment, general office equipment and furniture.