Press Release

Corporate Information

PENTECH FINANCIAL REALIGNS CREDIT OPERATIONS, NAMES NEW REGIONAL CREDIT MANAGER

McCourt Promoted As Pentech Focuses On Customer Service

CAMPBELL, Calif. - July 22, 2008 -- Pentech Financial Services, Inc., a leading self-funding lessor and provider of small ticket commercial equipment lease financing for businesses nationwide, has realigned its national credit operations and has promoted Tamara McCourt to Western Regional Credit Manager. The company's credit operations reorganization and Ms. McCourt's appointment to a newly created position are effective immediately.

According to Ronald Wagner, Senior Vice President and General Manager of Pentech Funding Services, a San Diego-based division of Pentech Financial, the company has reconfigured its national credit operations by creating two regional credit teams, both of which will be based in Pentech's San Diego funding office.

"These significant organizational moves are being made in response to the volume of credit applications nationwide," explains Mr. Wagner. “We have designed two credit divisions, each complete with its own support team, to improve and streamline Pentech's day-to-day communications and working relationships with its national network of brokers.”

Ms. McCourt will head up the company's Western credit region covering all states from the Pacific Coast through the Great Plains area. As Eastern Regional Credit Manager, Richard McClintock will oversee the other half of the country from Illinois to the Atlantic coast.

Ms. McCourt joined Pentech earlier this year as Senior Credit Officer. She previously served as Credit Manager at Pinnacle Business Finance in Washington. A knowledgeable lease credit veteran, Ms. McCourt holds Certified Credit Executive and Certified Lease Professional accreditations.

About Pentech Financial Services, Inc.

Headquartered in Campbell, Calif., with an office in San Diego, Pentech Financial Services is a leading provider of small ticket and commercial lease financing in the B-C credit market nationwide. Founded in 1978, Pentech has provided more than a billion dollars worth of lease financing to small and mid-sized companies across the country.

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