Tygris’ Small Ticket Leasing Operations to be Led by US Express Leasing, Inc.
James D. McGrane Named President of Small Ticket Leasing
New York, May 29, 2008 –
Monitor
magazine, a leading industry publication. USXL will play a key role in Tygris’ mandate of providing
liquidity and growth capital to middle market companies throughout North America.
“We welcome Jim McGrane and the entire USXL team to Tygris. USXL provides the foundation upon
which Tygris will develop a leading franchise position in small ticket equipment finance and leasing,”
said Frederick E. “Rick” Wolfert, Chief Executive Officer of Tygris. “We are excited by the opportunity
to leverage USXL’s experienced management team, state-of-the-art technology, scalable operations and
reputation for superior customer service as we grow our small ticket leasing presence.”
“We are thrilled to join Rick and his highly respected team as part of this well-positioned new company
and its significant access to capital,” said Mr. McGrane. “Tygris’ ‘back to basics’ strategy of service and
transparency is perfectly aligned with the way we do business. This is a very positive development for our