BOULDER, Colo., Sept. 13, 2005 (PRIMEZONE) -- Fred Boethling, President/CEO of CapSource Financial (OTCBB:CPSO), and teammate Dan Crain finished third in the 2-man team division of this year's 3,051- mile Race Across AMerica (RAAM).
RAAM is a non-stop bicycle race from San Diego, CA to Atlantic City, NJ. Competing as Team 60+, the duo completed the cross-country trek in 8 days 13 hours 34 minutes, setting an age-group record. Boethling and Crain, both experienced ultra-cyclists, were the oldest competitors in this year's race.
In training for RAAM, both riders logged over 5,000 miles and set two bicycle speed records, the Davis California 24-Hour Challenge (425 miles) and the Ultra Marathon Cycling Association (UMCA) Utah Cross-state Record (356 miles in 20 hours).
According to the New York Times, business executives are increasingly seeking personal challenges beyond the ordinary. Ultra-endurance activities like climbing Mt. Everest, the Badwater Ultra Marathon and RAAM are growing in popularity. According to Outside Magazine, RAAM is the single most difficult endurance event in the world.
Earlier, CapSource Chairman Randolph M. Pentel, an aviation enthusiast, along with co-pilot Mark Anderson, set a National Aeronautic Association (NAA) speed record. The duo flew Pentel's Cessna Citation Ultra, a twin engine executive jet, around the perimeter of the U.S. in 45 hours 27 minutes. The flight was done in conjunction with the U.S. Marine Corps' Toys for Tots Program.
CapSource is proud of the outstanding personal achievements of its directors, management and employees. Additional information regarding RAAM and Ultra Marathon Cycling can be found at the following links:
www.team60.org www.ultracycling.com www.raceacrossamerica.org
About CapSource Financial, Inc.
CapSource Financial, Inc. was incorporated in 1996 to take advantage of the 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. Mexico is now the United States' second largest trading partner with an average of $650 million in goods crossing the border 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.
CapSource owns and manages a lease/rental fleet of over-the-road truck trailers and related equipment through its REMEX subsidiary. RESALTA has an exclusive relationship with Hyundai to sell Hyundai trailers in Mexico. Both REMEX and RESALTA are based in Mexico City. CapSource's common stock trades on the electronic bulletin board under the symbol CPSO.
Certain matters discussed within this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although CapSource Financial, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from our expectations include financial performance, changes in national economic conditions, economic conditions in Mexico, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.