SOURCE: Image Globe Solutions Inc.

March 28, 2006 15:57 ET

Image Globe Solutions Announces Additional Capital Leasing Initiative

TORONTO -- (MARKET WIRE) -- March 28, 2006 -- Image Globe Solutions, Inc. (OTC: IGSS) has amended its financing program due to the unsuccessful closing of a previously announced funding in order to meet both the capital requirements and the operational launch timetables that have been previously planned for its "LA Auto Lease™" and other capital leasing opportunities.

In support of these efforts, the Company has secured an agreement with Manulease Capital Equipment Leasing Limited to market and administer an exclusive leasing program centering on a unique software package for professional organizations, such as legal, accounting, consulting and engineering firms. Introduced as a complete file management program for small to medium sized professional offices, Digital Fortress offers an economical alternative to other systems currently available.

Management believes this program will deliver a desirable profit margin similar to the Company's LA Auto Lease™. The Company expects to be able to begin funding the first leasing opportunities during the second quarter of 2006.

About Image Globe Solutions, Inc.

Image Globe Solutions, Inc. seeks out and selects private companies deemed to have significant growth and cash flow potential and reasonable risk profiles. Image Globe hopes to acquire these businesses at an early stage in their growth cycle and then provide needed resources to optimize their growth.

The Company also plans to utilize its resources to create additional value through the development of a number of wholly owned and operated divisions that may develop substantial revenue and increased value for the Company's shareholders. As one of its first initiatives, the Company has created a significant core business unit, LA AUTO LEASE™ which specializes in used vehicle leasing for consumers unable to obtain financing from traditional lending sources.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Image Globe Solutions, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FOR FURTHER INFORMATION, go to the Company's website at: www.i-globesolutions.com, or contact: Brass Bulls Corp., Investor Relations at (866) 342.2700; or Image Globe Solutions, Inc. at (905) 825-1200

Contact Information

  • Contact:
    Brass Bulls Corp.
    Investor Relations
    (866) 342.2700
    or
    Image Globe Solutions, Inc.
    (905) 825-1200