VANCOUVER, WA--(Marketwire - Jun 25, 2012) - All American Leasing, Inc., a wholly-owned subsidiary of Techalt, Inc. (PINKSHEETS: TECA), is pleased to announce that through its Buy-and-Lease-Back Program, they handle not only propane tanks, but also other equipment owned or being purchased by your business. When TECA purchases the equipment and leases it back to their client, it provides the business owner with significant cash flow and tax benefits.
Steve Amdahl, President of TECA, says, "If you still owe money on your equipment, we will pay off your balance and add it to your lease." For example, All American Leasing is currently negotiating to purchase and lease back over 500 propane tanks of up to 1,500 gallons in size. This could amount to substantial revenue for All American Leasing as well as the company selling and leasing back the tanks. The total lease value of the equipment in this case is $1.5 million with an annual lease income to All American Leasing of $225,000.
Watch for up-to-date financials to be posted after July 4th.
ABOUT ALL AMERICAN LEASING
All American Leasing, Inc. is an equipment leasing company which leases propane tanks from 50 gallons to 60,000 gallons as well as various types of equipment. The company is committed to adhere to standards acceptable by the clean energy sector of our nation.
Details about TECA's program as well as their new website will be available soon.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.