2001 Articles
MEDIA RELEASE
(TSX-V:AFG)
Intuit
Canada Limited and Alliance Financing Group Inc.
Announce Strategic Relationship
Edmonton/Toronto,
September 11, 2001 - Intuit Canada Limited and Alliance Financing Group
Inc. announced today a strategic relationship that will benefit small business
owners in Canada, by expanding their lease and loan financing options.
Intuit (NASDAQ symbol
"INTU") is a leading developer of small business and personal financial
software and solutions. Alliance Financing (TSX-V symbol "AFG") provides
financing solutions for small-to-medium-sized enterprises (SMEs).
Under the arrangement,
Alliance Financing will power Intuit's e-lease/loan Financing Service for
Canadian users of QuickBooks® and QuickBooks® Pro. The service will offer a
collection of essential financial products, such as loans, lines of credit,
equipment leases, factoring and other working capital solutions online to
Intuit's small business customers.
Intuit's Manager of
Connected Services for QuickBooks, Randy Simpson, says the arrangement gives
QuickBooks customers a competitive edge. "In order to grow and compete, small
business owners need access to money and equipment," he says. "Those can be
essential factors in taking business from 'survive' to 'thrive'. Intuit's goal
is to help them achieve that success. Our association with Alliance now means
that small businesses that use QuickBooks will have direct online access to a
valuable business tool."
Alliance Financing
acts as an aggregator of the financing products of a multitude of best-of-breed
partners including lessors, commercial finance companies and Canadian financial
institutions.
Bernie Shimkovitz, CEO
of Alliance Financing states, "Our business model allows us to offer Canadian
businesses an extremely diverse selection of the best financing products and
solutions in the marketplace today, as well as some of the best rates to be
found anywhere".
"In addition," stated
Michael Maurer, President of Alliance Financing, "the diversity of our
underwriting sources allows us to maintain one of the highest approval ratios
possible. This factor has been a key to our success for many years, and is one
of the reasons Alliance Financing has been selected by many of our Channel
Partners as the primary source of financing for their customers".
Mr. Shimkovitz
concluded, "Intuit Canada's QuickBooks family of software is one of the most
widely used business tools in the country. The opportunity to partner with
Intuit Canada to make our products and services available to their customers,
is very exciting".
- 30 -
About Intuit Canada
Limited
Intuit Canada is headquartered in Edmonton and has offices in Calgary, Toronto
and Montreal. The company is a leading developer of e-finance solutions,
including personal finance management, small business accounting, and tax
preparation software as well as Web-based services. Intuit's products and
services include Quickenâ, www.quicken.ca, QuickBooksâ, QuickBooks® logiciel
comptable, QuickTax™, ImpôtRapideä and QuickWealth Plannerä. Through Intuit
GreenPoint, the company offers ProFileä, professional tax preparation software.
Together, Intuit Canada and Intuit GreenPoint enable individuals, small
businesses and financial professionals to better manage their financial lives
and businesses. Visit Intuit Canada Limited at
www.intuit.com/canada and Intuit GreenPoint at
www.greenpointsoftware.com.
About Alliance
Financing Group Inc.
Established in 1989, Alliance Financing is proving itself as a leader in
providing leasing and financing solutions for all types of businesses in both
the traditional bricks and mortar marketplace, and since early 2000, the
Internet marketplace. Alliance Financing is a "one-stop financing shop", acting
as an aggregator of the products and services of top lease-financing companies,
commercial finance institutions and banks, and delivering these products and
solutions to the end-user customer. Employing a "high-tech, human-touch"
philosophy, Alliance Financing has migrated its B-to-B financing solutions to
the Internet via its primary Internet offering, YourFinanceSource.com and
through its proprietary private labeled technology for online vendors, Internet
verticals and portals. Using this technology, Alliance Financing is able to
deliver a comprehensive suite of end-to-end financing fulfillment solutions,
coupled with live online assistance for the end-user.
For more information
about Alliance Financing Group Inc. please visit:
www.YourFinanceSource.com ,or contact:
Bernard
Shimkovitz
Chief Executive Officer
Alliance Financing Group Inc.
Tel: 905-660-3660 x225, Toll Free: 877-660-3660
Fax: 905-660-3078
Email: bernie@alliancefinancing.com
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For more information
about Intuit Canada Limited please visit
www.intuit.com/canada or contact:
Brad
Stromberg
Public Relations Manager
Intuit Canada Limited
Brad_stromberg@intuit.com
780-450-5872
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Patricia
Misutka
BenchMark Porter Novelli Vancouver
pmisutka@bmporternovelli.com
604-608-4482
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The Canadian Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this press release.
2001 Articles
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