Allegiance Leasing, Abanco Bring New Technology to Airlines


 

PRESS RELEASE

Chicago, IL May 26, 2005 - Abanco International, LLC selected Allegiance Leasing Company to provide private label sales financing for Mobile Data Technology (MDT) devices to the transportation industry. The Abanco 9301 MDT devices allow airline and other transportation personnel the ability to accept credit cards in flight for items such as drinks and movies.

"Allegiance Leasing is proud to help bring this new technology to market," said David Young, Allegiance Leasing founder. "Abanco's hand-held devices represent an innovation in the transportation industry, and we're happy to provide the financing to make it possible."

This new technology helps airlines and other transportation services promote an advancing initiative to increase revenue per each passenger mile. Additionally, the MDT devices help track inventory, sales and provide logistical support. Currently, five airlines and one railroad have selected Abanco's MDT devices to help enhance their customer service.

"We are looking forward to advancing this technology within the transportation industry," said Tracy Metzger, president and chief technology officer of Abanco. "We are pleased to be working with Allegiance Leasing. They have removed the stress and worry from finding financing."

Allegiance has extensive experience working in a wide variety of industries, including information technology, manufacturing, telecommunications, healthcare and homeland security. Focused on venture capital and private equity funds portfolio companies, Allegiance knows their customers need a financing partner that will understand their market. The company aids businesses in building customer loyalty through sales finance private label programs.

For more information about how Allegiance Leasing can help your business, call 1-888-814-7603 or visit our website at www.AllegianceLeasing.com.

Allegiance Leasing Company... The value of trust.

With personal service and unwavering integrity, Allegiance Leasing Company will secure the financing you need for substantial business growth through our world-class financing services and leasing programs. Devoted to venture capital and private equity funds portfolio companies, we help businesses expand their operations, increase their revenue and decrease their operating costs, all while building customer loyalty. At Allegiance, we are committed to honoring the dreams of our clients, and you can be sure that we will do everything in our power to secure the financial backing you need to finance your future.

About Abanco International, LLC

Abanco International, LLC is a leading provider of payment processing solutions that develops and markets a full suite of services to the automotive, hospitality, insurance, retail and transportation industries. Its innovative hardware and software platforms are a product of Abanco's commitment to developing solutions that enhance customer relationships through management of all cardholder interactions including credit (with optional signature capture), debit, non-bank cards, electronic check services, and gift and loyalty programs. Abanco is headquartered in Rosemont, IL and has representative offices throughout the USA. Company and product information are available at www.abanco.com.

 
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