- Forms private-label financing program with US Express Leasing -
- Provides competitive lease structures and personal service for AltiGen customers -
Fremont, CA – February 4, 2008 –AltiGen® Communications, Inc. (NASDAQ: ATGN), a leading provider of VoIP business phone systems and Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, formed AltiGen Communications Finance (ACF) with US Express Leasing (USXL), based in Parsippany, NJ. Under the terms of the exclusive financing arrangement, USXL will provide monthly payment financing for AltiGen customers, and both companies will jointly market the new program. ACF offers innovative, flexible lease and financing options, making it easy for customers to acquire the full range of AltiGen products, including third-party networking and IT equipment, software and services. ACF will be operated and supported by USXL’s world-class lease processing systems and telecom finance team.Mike Plumer, vice president of sales for AltiGen Communications, commented, “Our resellers can now offer customers one point of contact to deliver a total solution: equipment, services, and financing in one package under the AltiGen brand. By providing this new financing avenue to our resellers, we are making it easier for small and medium businesses to purchase our high reliability VoIP phone systems and our comprehensive Standard and Premier Service Plans. USXL is a long time preferred leasing partner and this expanded relationship supports our ability to drive sales and substantially enhance our offerings. We will work closely with USXL to align our marketing efforts and maximize client satisfaction.”“As one of the fastest growing providers of leasing products to manufacturers and resellers of telephony products, USXL is proud to have the opportunity to expand our long relationship with AltiGen and help AltiGen’s resellers deliver a one-stop-shop solution to AltiGen’s VoIP customers,” said Patrick von Tscharner, Program Relationship Manager for USXL. “With our best-in-class lease processing capabilities, dedicated resources and in-depth expertise in the telephony marketplace, we are well positioned to support AltiGen in achieving its goals.”
- Forms private-label financing program with US Express Leasing -
- Provides competitive lease structures and personal service for AltiGen customers -
Fremont, CA – February 4, 2008 –AltiGen® Communications, Inc. (NASDAQ: ATGN), a leading provider of VoIP business phone systems and Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, formed AltiGen Communications Finance (ACF) with US Express Leasing (USXL), based in Parsippany, NJ. Under the terms of the exclusive financing arrangement, USXL will provide monthly payment financing for AltiGen customers, and both companies will jointly market the new program. ACF offers innovative, flexible lease and financing options, making it easy for customers to acquire the full range of AltiGen products, including third-party networking and IT equipment, software and services. ACF will be operated and supported by USXL’s world-class lease processing systems and telecom finance team.Mike Plumer, vice president of sales for AltiGen Communications, commented, “Our resellers can now offer customers one point of contact to deliver a total solution: equipment, services, and financing in one package under the AltiGen brand. By providing this new financing avenue to our resellers, we are making it easier for small and medium businesses to purchase our high reliability VoIP phone systems and our comprehensive Standard and Premier Service Plans. USXL is a long time preferred leasing partner and this expanded relationship supports our ability to drive sales and substantially enhance our offerings. We will work closely with USXL to align our marketing efforts and maximize client satisfaction.”“As one of the fastest growing providers of leasing products to manufacturers and resellers of telephony products, USXL is proud to have the opportunity to expand our long relationship with AltiGen and help AltiGen’s resellers deliver a one-stop-shop solution to AltiGen’s VoIP customers,” said Patrick von Tscharner, Program Relationship Manager for USXL. “With our best-in-class lease processing capabilities, dedicated resources and in-depth expertise in the telephony marketplace, we are well positioned to support AltiGen in achieving its goals.”
About AltiGen Communications
AltiGen Communications, Inc. (NASDAQ: ATGN) is a leading provider of VoIP business phone systems and Microsoft-based Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, branch offices and call centers. AltiGen’s scalable, integrated, and easy to manage all-in-one unified communications solutions enable an array of applications like standards based SIP VoIP phones and servers, unified messaging, voicemail, call recording, conferencing, call activity reporting and mobility solutions that leverage both the Internet and the public telephone network to take advantage of the convergence of voice and data communications. AltiGen’s systems are designed with an open architecture and are built on an industry standard platform. This adherence to widely used standards allows products to integrate with and leverage the existing technology investment of partners and customers. For more information, call 1-888-ALTIGEN or visit the web site at http://www.altigen.com.
About US Express Leasing
US Express Leasing (USXL), headquartered in Parsippany, N.J., is an independent equipment finance company originating transactions through manufacturers, distributors and dealers in the commercial and industrial, graphic arts, healthcare, office products and technology industries. For more information, visit USXL on the Internet at www.usxl.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the continued market acceptance of our Voice over IP telephone systems, the success of our Standard and Premier Service Plans, and the successful introduction of AltiGen Communications Finance (ACF) with US Express Leasing (USXL). These statements reflect management’s current expectation. However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to AltiGen’s limited operating history. For a more detailed description of these and other risks and uncertainties affecting AltiGen’s performance, please refer to AltiGen’s Annual Report on Form 10-K for the fiscal year ended September 30, 2007 and all subsequent current reports on Form 8-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to AltiGen as of the date hereof and AltiGen assumes no obligation to update these forward-looking statements.
| AltiGen Contact: Niel Levonius Sr. Product Marketing Manager AltiGen Communications 510-252-9712 x415 nlevonius@altigen.com |
Investor Relations Christiane Pelz Lippert / Heilshorn & Associates, Inc 415-433-3777 cpelz@lhai.com |