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| BiTMICRO Allies with Wells Fargo Financial Leasing to Create Innovative Leasing Options for E-Disk Solid-State Storage Solutions |  |
FREMONT, Calif.--(BUSINESS WIRE)--July 1, 2004--BiTMICRO® Networks, a pioneer in intelligent flash IDE/ATA, SCSI, USB, VME, PMC, CompactPCI, FireWire, Ethernet, and Fibre Channel solid state storage solutions, and Wells Fargo Financial Leasing, Inc., a subsidiary of Wells Fargo & Company, jointly announce the launch of the BiTMICRO Lease Program.
Available to US-based companies, the BiTMICRO Lease Program offers leasing as a financing option for business enterprises who want to take advantage of BiTMICRO's industry-leading E-Disk® solid state disk, network storage and file cache solid state storage solutions. Leasing offers several benefits, such as:
- Fixed payments - Your customer can avoid the uncertainty of variable (floating) interest rates typical of bank financing.
- Tax benefits - Leasing may offer a variety of tax benefits (consult your tax advisor for complete details).
- Preserve credit lines - Borrowing from a bank shrinks credit lines. Leasing ensures that credit lines remain free for profitable expansion in other areas.
"The BiTMICRO Lease Program is expected to speed up the adoption of E-Disk® solid state flash disk as an industry-standard solid-state storage solution for enterprise and industrial applications," states Jake Pasion, Director of Sales of BiTMICRO® Networks. "Small- and medium-sized enterprises can now avail of the latest in non-volatile solid-state storage technology, while large companies can scale up their storage networks to meet rapidly expanding data storage requirements," Pasion adds.
For more information about the BiTMICRO Lease Program, visit http://www.bitmicro.com/services_lease.php.
For E-Disk® technology information, pricing and availability, call 510-74E-DISK/510-743-3475, e-mail sales@bitmicro.com or visit http://www.bitmicro.com.
About BiTMICRO Networks
BiTMICRO® Networks (http://www.bitmicro.com), a privately held California corporation, is the leading provider of rugged and high performance non-volatile solid state disk, flash disk drive, and network storage and management solutions. E-Disk® storage solutions are offered with SCSI, IDE / ATA, Fibre Channel, USB, FireWire, Compact PCI, VME, PMC and Ethernet interfaces in 2.5-inch and 3.5-inch hard disk drive footprints, single-wide PMC, 3U and 6U board, and 19-inch rack mount configurations scalable up to several terabytes of pure solid state storage.
E-Disk®, BiTMICRO Networks® and BiTMICRO® are trademark or registered trademarks of BiTMICRO Networks, Inc. Other names are trademarks or registered trademarks of their respective companies.
High-resolution photo images of BiTMICRO's product line are available at http://www.bitmicro.com/press_multimedia.php
About Wells Fargo Financial Leasing
Since 1977, Wells Fargo Financial Leasing has gained experience in the financial services industry. They specialize in offering competitive lease financing programs, products and services that enable manufacturers, distributors and retailers to offer their business customers financing for equipment, services and supplies.
Wells Fargo Financial is a subsidiary of Wells Fargo & Company of San Francisco, California, a diversified financial services company with more than $397 billion in assets.
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| Contact Information: | |||
| Media Contact | |||
| Angelito T. Yutuc, Jr. | BiTMICRO Networks | (510) 743-3193 | Marketing@bitmicro.com |