BOULDER, Colo., June 8, 2005 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced today that its RESALTA operating subsidiary has sold 326 new trailers as of June 1, 2005 resulting in new trailer sales revenue of $7,213,471. For all of last year RESALTA sold 295 new trailers resulting in revenue of $6,229,904. In 2003 the comparable results were 260 trailers with revenue of $5,341,901.
Fred Boethling, President and CEO said, "Obviously, we believe 2005 will be a banner year for our company -- both in terms of total revenue and net profit." Boethling noted that, "Our corporate strategy is based upon the very substantial increase in trade between Mexico and the United States due to NAFTA. That trade moves largely by truck and trailer. Clearly, our strategy is beginning to produce excellent operating results."
RESALTA has an exclusive relationship with Hyundai to sell Hyundai truck trailers in Mexico. RESALTA is based in Mexico City with additional sales offices throughout Mexico. In addition to new trailers sales, RESALTA offers used trailers as well as parts and service.
The Hyundai trailer manufacturing plant achieved ISO 9002 status, the world standard for quality assurance. It remains the only manufacturer of semi-trailers, refrigerated containers and container chassis with ISO 9002 Certification.
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.