T&W FINANCIAL LAUNCHES ONLINE LEASING WEBSITE


TACOMA , Wash., July 7, 1999 (PRIMEZONE) -- T & W Financial Corporation (NASDAQ: TWFC) announced today that its Online E-Commerce Equipment Leasing Platform is now available to small-and-medium-sized businesses via its web site.

The Company's web site may be viewed at http://www.twfinancial.com

"T&W intends to aggressively pursue online leasing placements," commented Paul Luke, senior vice president of T & W Financial. "Internet lease originations will increase the company's leasing revenues while reducing loan origination costs. Our marketing plan will include lease links with existing equipment suppliers on the Internet and targeted marketing. New equipment providers will also be able to link to the site seamlessly."

The Company said its strategy is to build its web site into the premier equipment leasing e-commerce site for small and medium-sized businesses. The Company noted that similar e-commerce platforms have been implemented in other sectors of the financial services industry, particularly home mortgages and sub-prime lending. Revenue growth from online lending has been increasing significantly.

Based in Tacoma, Washington, and founded in 1976, T&W Financial Corporation is a specialty commercial finance company. It provides equipment leasing, focusing primarily on the "small-ticket" sector of the market, which are leases less than $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 manage growth and credit risk, retain key personnel and effectively change its securitization policy. 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 also carefully review the risk factors described in documents T&W files from time to time with the Securities and Exchange Commission.


            

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