TACOMA, Wash., Aug. 26, 1999 (PRIMEZONE) -- T&W Financial Corporation (Nasdaq:TWFC) today announced the appointment of Robert Preston to the position of Chief Information Officer.
Mr. Preston's responsibilities will include the management and control of T&W Financial's information and application systems. He will report to Thomas Price, president.
Mr. Preston is the former chief information officer for AT&T Capital Canada/Newcourt Services and has more than 16 years of diverse experience in systems management. He was responsible for all information technology initiatives, with major emphasis on billing, collections and customer service during his career at AT&T Capital. In addition, he oversaw the consolidation of multiple offices and the transition of resources and staff during the purchase by Newcourt.
"We are very pleased with the addition of Mr. Preston to our team. His extensive information systems background and management experience will enable us to continue providing superior service to our lessees, utilizing the latest technology with which we anticipate significant productivity improvements and cost savings," said Thomas Price, president of T&W Financial.
T&W Financial Corporation, based in Tacoma, Wash., is a specialty commercial finance company which has been in operation since 1976. The Company provides equipment leasing, focusing primarily on the "small ticket" sector of the market, which are leases generally under $250,000. Its customers are small-to-medium-sized independent businesses throughout the U.S. and Canada.
This release contains forward-looking statements including statements regarding Management's expectations and goals in future periods. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements including the Company's ability to reduce its use of gain on sale accounting, to manage growth and credit risk, to retain and integrate key personnel, and to integrate new technologies. Readers should not place undue reliance on the forward-looking statements, which reflect the management's view only as of the date hereof. T&W undertakes no obligations to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on proforma results, which are not based on generally accepted accounting principles. Readers should also carefully review the risk factors described in documents T&W files from time to time with the Securities and Exchange Commission.
SOURCE: T&W Financial Corporation