Direct Capital and Point2 Technologies Sign Agreement to Offer Financing Solutions on Point2 UsedIron.com

21 10 2009

At Point2, we are continuously looking at ways to better serve our growing customer base. In doing so, we provide solutions that in turn, help equipment dealers to sell and purchase more equipment faster and at better margin. We are excited to be partnering with Direct Capital Corporation who will provide world class financing products to our customers looking for finance options on Point2’s UsedIron.com. Please find the full announcement below.

PORTSMOUTH, NH and SASKATOON, SK – October 21, 2009 – Direct Capital Corporation (“Direct Capital”), the 6th largest independent leasing and finance company in the United States, and Point2 Technologies (“Point2”), a leading provider of inventory management and online marketing software for the heavy equipment and real estate industries today announced an agreement to offer Direct Capital financing solutions on Point2’s heavy equipment online marketplace, http://UsedIron.com.

The deal will provide easier, more convenient access to capital to UsedIron.com’s more than 600,000 annual unique visitors, through Direct Capital’s creative leasing and financing products.

Further details on the terms of deal were not disclosed.

“Direct Capital is pleased to support the heavy equipment industry with creative financing when access to funding continues to be one of the toughest obstacles facing contractors today,” said Paul Ringuette, Vice President Sales, Direct Capital Corp. “By prominently positioning Direct Capital on one of the industry’s most highly trafficked, information rich equipment websites, we’re significantly enhancing our market presence while establishing a solid foothold from which we can extend our services to Point2’s dominant and growing user base.”

“Point2’s partnership with a world class, aggressive financing solution provider like Direct Capital brings critical service to assist our customers in building and growing their business,” said Barry Willick, President, Point2 Technologies. “With traffic on UsedIron consistently one of the highest in the industry, providing our users with convenient access to Direct Capital is yet another milestone towards making UsedIron by far the most preferred destination for used equipment online.”

UsedIron.com features over 33,000 heavy equipment listings and generates approximately 9 million page views each year.

About Direct Capital

Established in 1993, Direct Capital provides specialty finance solutions, including capital equipment leasing, commercial loans, and merchant cash advances. Direct Capital markets its services through direct relationships with businesses and through partnerships with vendors, dealers, and manufacturers of capital equipment. Superb execution on its exceptional and unique direct service delivery model is the cornerstone of Direct Capital’s success in an increasingly commoditized financial services industry. The company has offices in New York, California, Atlanta, Chicago, Detroit, Ohio, Iowa, and New Hampshire.

About Point2 Technologies

Point2 Technologies develops and markets web-based inventory management and online marketing software solutions for the real estate and heavy equipment industries.

Point2 also owns and operates the real estate consumer portal, Point2 Homes, (www.Point2Homes.com) and the used heavy equipment marketplace, UsedIron (www.UsedIron.com). More information can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.

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Point2 Technologies Named One of 20 Top Employers for 2010 in Saskatchewan

19 10 2009

We are proud and equally humbled to see Point2 rank amongst some of the best companies in the province of Saskatchewan to work for. Please find the full announcement below. A complete list of the Top 20 Employers can also be found at: http://www.canadastop100.com/sk/.

Saskatoon, SK and Vancouver, BC – October 17, 2009 – Point2 Technologies Inc. (“Point2”) today announced that it has been selected as one of Saskatchewan’s Top Employers for 2010 by Mediacorp Canada Inc., featured today in the province of Saskatchewan”s two largest daily newspapers, the Saskatoon StarPhoenix and the Regina Leader-Post.

“We are extremely honoured to be recognized as one of the top employers in the province of Saskatchewan,” said Saul Klein, Chief Executive Officer, Point2 Technologies Inc. “We share this privilege with every employee at Point2. Their input, dedication and relentless drive are what inspires and fuels our employee programs and benefits each so deserves.”

“An engaged and motivated workforce has always been one of Point2’s most important priorities, and we are committed to constantly improving how we do things,” said Barry Willick, President, Point2 Technologies Inc. “The Top Employer designation is a great reflection of our commitment to our employees, and mostly a reflection of employee feedback, participation and leadership on many of our creative programs.”

Now in its fifth year, Saskatchewan’s Top Employers (http://www.canadastop100.com/sk/) competition is an annual program that recognizes organizations that take a lead in offering exceptional places to work. The competition, which drew a record number of applications this year is organized by the editors of Canada’s Top 100 Employers project.

“Point2 distinguished themselves in a very competitive field,” said Tony Meehan, Publisher of Canada’s Top 100 Employers.

Employers nominated for Saskatchewan’s Top Employers designation were graded on eight criteria, namely (1) Physical Workplace; (2) Work Atmosphere & Social; (3) Health, Financial & Family Benefits; (4) Vacation & Time Off; (5) Employee Communications; (6) Performance Management; (7) Training & Skills Development; and (8) Community Involvement.

Point2’s inclusion on Saskatchewan’s Top Employers for 2010 highlighted a number of central employee benefits, including i) company matched retirement savings plan contributions, ii) career development and training programs including on-going education subsidy, iii) comprehensive onsite health and fitness facilities, iv) new employee referral financial bonus rewards and, v) extended annual paid vacations starting with three weeks for new employees and increasing to five weeks based on years of service.

About Point2 Technologies Inc.

Point2 Technologies develops and markets web-based inventory management and online marketing software solutions for the real estate (www.Point2Agent.com) and heavy equipment industries (www.Point2Manager.com)

Point2 also owns and operates the real estate consumer portal, Point2 Homes (www.Point2Homes.com), and the used heavy equipment marketplace, UsedIron (www.UsedIron.com). More information can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.