BOULDER, Colo., May 17, 2004 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced today it has leased a location in Monterrey, Mexico from which RESALTA, its truck trailer sales subsidiary, will serve north east Mexico. Monterrey is Mexico's industrial center, major transportation hub and home to over 200 trucking fleets. Monterrey accounts for about 25 percent of Mexico's total manufacturing base.
RESALTA, headquartered in Mexico City, is the exclusive dealer/distributor of Hyundai Translead van trailers in Mexico. Hyundai manufactures high quality transportation equipment in a state-of-the-art manufacturing plant. Hyundai Translead was the first, and remains the only, North American manufacturer of van trailers, containers and chassis to receive ISO 9002 Certification, a recognized global standard of excellence.
About CapSource Finance
CapSource Financial, Inc. was incorporated in 1996 to take advantage of the 1994 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 or about one-third of the world's total GDP. After ten years, NAFTA has been a huge success. Mexico is now the United States' second largest trading partner. Total trade among the three NAFTA countries has grown to $1.7 billion in goods crossing the borders 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.
In addition to its RESALTA subsidiary, CapSource owns and manages a lease/rental fleet of over-the-road truck trailers and related equipment through its REMEX subsidiary, also based in Mexico City. CapSource's common stock trades on the electronic bulletin board under the symbol CPSO.
For Additional Information Contact:
CapSource: Fred Boethling (888) 574-6744
CEOcast: Ken Sgro (212) 732-4300 - kensrgo@ceocast.com
Company Web Site: www.capsource-financial.com