Prescott Thackery Merchant Group Ltd. Unveils Leasing Program for Aboriginal Tribes in Canada and the US

Janaury 24 2004--The Prescott Thackery Merchant Group Ltd. is pleased to unveil its Tribal Leasing Program for businesses operating on Native American and First Nation reservations across Canada and the United States. Prescott Thackery's Tribal Leasing Program covers equipment used by tribe members in conducting the affairs of the tribe, such as office, medical and construction equipment, as well as equipment used in operating businesses on tribal lands, including gaming operations.

"Prescott Thackery is aware of the unique governmental status of Native American and First Nation Tribes and the important issues associated with tribal sovereignty as well as the trust status of Tribal resources and assets", said Joshua Kerbel, Managing Director of the Prescott Thackery Merchant Group. "We structure leases in such a way that these issues are addressed so that Tribes get the equipment they need in order to manage their operations, and lenders get the security they require in order to engage in leasing transactions with Tribes."
The Tribal Leasing Program compliments Prescott Thackery's existing services offerings, as it targets an area underserved by traditional lending sources.

About Prescott Thackery Merchant Group
Prescott Thackery, a privately-held Toronto-based finance firm, specializes in financing small and mid-sized firms in both urban and rural areas across the US and Canada. Prescott Thackery's funding mandate is to provide up to $5 million per transaction of expansion and working capital for growing small and mid-sized businesses. Through a variety of asset-based mechanisms, such as leasing and receivables lending, Prescott Thackery assists growth companies meet their capital requirements. Prescott Thackery's philosophy is that young, high-growth companies are often better suited to alternative funding methods in place of traditional bank financing.
For more information, contact Prescott Thackery at Corporate@Prescott-Thackery.com or 416-885-8349.



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