BOULDER, Colo., April 12, 2004 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced it has filled two key positions in its Mexican subsidiaries. Mr. Alejandro Sanchez was hired as Chief Financial Officer of both REMEX and RESALTA, CapSources' operating subsidiaries located in Mexico City. Prior to joining CapSource, Mr. Sanchez was CFO of NCH Corporation a multinational corporation. Mr Sanchez has also worked for Banamex, Mexico's second largest bank. He is a certified public accountant, having earned a degree from National Politecnic Institute, as well as an advanced degree from IPADE, one of Mexico's prestigious business schools.
Additionally, CapSource announced it has hired Mr. William Vasconcelos as Sales Manager for RESALTA, the company's Mexican trailer sales subsidiary. Mr. Vasconcelos has more than 35 years experience in the transportation industry. He holds a degree in electrical engineering from the National Politecnic Institute. Mr. Vasconcelos is widely known and respected in the Mexican transportation industry.
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 transportation related equipment through its REMEX subsidiary and sells truck trailers and related equipment though its RESALTA subsdiary. CapSource's common stock trades on the electronic bulletin board under the symbol CPSO.