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                      Page  PEP 
                      Stations    Primex 
                      Leasing  
                      CorporationSuite 291
 2701 Troy Center Dr.
 Troy, MI 48084
 www.primexleasing.com
 Phone: 248.244.8400
 Fax: 248.244.8181
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                      2002, Primex Leasingall rights reserved
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                    LEASING 
                      ADVANTAGES  
 There are many reasons why companies choose to lease their 
                      equipment. In addition to flexibility and protection against 
                      technological obsolescence, leasing provides the ability 
                      better match cash outflow with revenue production. Leasing 
                      is an efficient and convenient method of acquiring needed 
                      equipment. Over 80% of companies lease some, or all, of 
                      their equipment in order to take advantage of the following 
                      benefits.
 
 100 
                      % Financing
 In most cases, leasing allows you to finance 100% of the 
                      equipment cost – including installation and setup. 
                      Compared with more traditional forms of equipment financing, 
                      leasing allows you to retain needed working capital for 
                      operations.
 
 Fixed Payments
 Leasing provides fixed periodic payments for your equipment 
                      acquisitions. Payments are usually made on a monthly basis 
                      but can be structured as quarterly, semi-annual or annual 
                      depending on your needs. A fixed payment amount enhances 
                      your ability to forecast cashflow requirements. If your 
                      business experiences seasonal fluctuations in revenues, 
                      Primex can structure your lease to allow for lower payments 
                      during the off-peak season.
 
 Tax Advantages
 Under certain lease structures, your business can lower 
                      its taxable income while enjoying a lower payment than that 
                      required under traditional financing methods. By converting 
                      a depreciable asset expense to a rent expense, the full 
                      payment can be expensed for tax purposes. The Primex professionals 
                      are well versed in the tax code and can assist our clients 
                      in minimizing federal income tax liability.
 
 Lower Payments
 Through our experience and relationships, Primex can maximize 
                      the resale value of off-lease equipment. This capability 
                      allows us to structure leases with lower monthly payments 
                      for our clients.
 
 Balance Sheet Considerations
 Leasing offers companies the ability to better manage their 
                      balance sheets and improve financial ratios. Each type of 
                      lease offers benefits unique to your company's financial 
                      conditions and objectives. The leasing professionals at 
                      Primex will work with you and your accountants or tax advisors 
                      to develop a structure allowing you to maximize your objectives.
 
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