BOULDER, Colo., May 26, 2005 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced today that it has appointed Wayne Hoovestol to its Board of Directors. Mr. Hoovestol, age 47, is President and Chief Executive Officer of Hoovestol, Inc., a long-haul trucking company headquartered in Eagan, Minnesota which specializes in providing trucking services to the U.S. Postal Department. Mr. Hoovestol founded Hoovestol Inc. in 1978 with eight trucks and trailers. Today, Hoovestol Inc. employs 400 people. Mr. Hoovestol is also President and Chief Executive Officer of Major Transport a long-haul truck load carrier which he founded in 2000. Major Transport employs 300 people and is also headquartered in Eagan, Minnesota. Mr. Hoovestol has recently completed 10 years of service as a National Board Member of the National Star Route Mail Contractors Association. In addition, he serves on the Board of Directors of two Midwest companies engaged in the production of ethanol. Mr. Hoovestol is married and has two children.
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.