Launches New QUICKCAP ™ Mobile Applications

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Dana Point, Orange County, California

Silicon Coast Capital, Inc. (SYM: SCC) today announced the launch of its new QUICKCAP ™ technology, a fully automated, direct online financing platform that enables business customers to obtain financing directly from SCC, via the Internet.

With QUICKCAP ™ SCC is providing equipment vendors and their clients Internet access to the capital markets, enhancing their ability to compete with larger businesses that traditionally have more efficient sources of funding. Demand for this new origination channel is strong as businesses annually lease finance approximately $200 billion of equipment per year.

QUICKCAP ™ enables businesses to complete a credit form and receive approval notifications thru mobile applications and personal computers alike. Once a purchase decision is made, lease documents can be e-mailed or computer faxed to the customer for signature. Transaction data, including the equipment invoice and lease documents, are imaged, loaded and stored in a secure customer data warehouse. Vendor sales representatives and their customers receive an account number and password that allows them access to real-time information on the status of their account or other transaction data. This new business origination channel expands the company’s successful on-line vendor and private label capabilities.

The Company:

Silicon Coast Capital is a market leader in capital equipment finance, equipment leasing, asset-based lending services and asset management to leading equipment vendors and commercial clients in the United States, and selective international markets.

Contact:

Silicon Coast Capital, Inc.
Investor Relations
877.220.5455 Office

clientrelations@siliconcoastcapital.com

This release contains forward-looking statements:

These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect the management’s view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

 

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