Press Releases

Odessa Technologies, Inc. (“Odessa”) has launched a new section on its website devoted entirely to the upcoming lease accounting changes from a lessor perspective. Among other key information, the section includes information for lessors related to Accounting Changes, Leasing Systems Implications and Analysis, and Useful Links.

The Equipment Leasing and Finance Association has announced that Odessa Technologies’ implementation of LeaseWave™ at Winthrop Resources Corp (a wholly owned subsidiary of TCF Financial Corporation) has won the Operations & Technology Excellence (O&TE) Award for 2010.

Associated Motorways (Private) Limited (“AMW”), a leading vehicle distributor and leasing company based in Sri Lanka, has chosen LeaseWave, the lease management suite created by Odessa Technologies, Inc. (“Odessa”).

ICON Capital Corp. ("ICON"), a member of the Monitor 100™ group of top leasing companies, has gone live with LeaseWave, the lease management suite provided by Odessa Technologies, Inc ("Odessa").

Philadelphia based Odessa Technologies, Inc., (“Odessa”) announced today the launch of the Portuguese version of its website located at: Odessa Technologies. The website will cater primarily to the Brazilian leasing market. Odessa’s entry into Brazil marks another milestone in the company’s overall strategy for Latin America.

Odessa Technologies has relocated its offices in Bangalore, India to accommodate for future growth.

NCMIC Finance Corporation, a subsidiary of NCMIC Group, Inc., has selected LeaseWave™ the lease management suite provided by Odessa Technologies, Inc. ("Odessa"), to automate and administer their entire front office lease management process.

TTX Company (“TTX”), a leading North American provider of railcars and related freight car management services, has selected LeaseWaveTM, a lease management software by Odessa Technologies, Inc (“Odessa”). TTX’s Treasury Department intends to use this system to automate a significant portion of the administration and accounting for its leveraged leases, in its lessee role, as well as its meaningful debt obligations.This move should allow TTX to realize new efficiencies and scale.

Odessa Technologies, Inc.’s Bangalore office just returned from its annual getaway trip: this year, it was a three-day holiday in Goa. “We’ve had a great 2009,” said Ruchira Chakravarty, Manager, Human Resources.

Merchants Leasing, a member of the Merchants Automotive Group (“Merchants”) family of companies, has selected LeaseWave™, the lease and fleet management suite provided by Odessa Technologies, Inc ("Odessa"), to automate and administer the entire front office fleet management process including vehicle configuration, quoting, ordering, registration and delivery.

Altec Capital Services ("Altec Capital"), a subsidiary of Altec Inc, has gone live with LeaseWave™, the lease management suite developed by Odessa Technologies, Inc. ("Odessa"). Altec Capital will use the LeaseWave™ suite to manage the ongoing servicing of its entire portfolio.

"Concurrently with the launch of a Spanish version of our website, Odessa has released a Spanish version of the LeaseWave™ system. We are working on Japanese and Chinese versions of the platform as well” stated Madhu Natarajan, CEO of Odessa. “The system's presentation layer is designed to be flexible. All the field labels and error messages are configurable, giving the system full multi-lingual capability; they can be altered for each implementation instance to accommodate each leasing company's nomenclature and/or language requirements."

Winthrop Resources Corporation ("Winthrop"), a subsidiary of TCF Financial Corporation, has gone into production with LeaseWave™, the lease & asset management suite developed by Odessa Technologies, Inc. ("Odessa"). Winthrop will use the entire LeaseWave™ suite to comprehensively manage the lifecycle of both leases and assets, from origination through remarketing.

Odessa Technologies, Inc., a leading global provider of Lease Management Systems, today announced the appointment of four new team members.

First Leasing Bank ("FLB") of Bahrain has gone into production with LeaseWave, the lease management suite developed by Odessa Technologies, Inc. ("Odessa"). FLB will use the entire LeaseWave suite to manage the full origination process and the ongoing servicing of its lease portfolio. Odessa configured and customized LeaseWave to not only bring efficiencies to its existing business processes but also to best position the company to achieve its future growth plans.

ICON Capital Corp. ("ICON"), a member of the Monitor 100^TM group of top leasing companies, has selected LeaseWave, the lease management suite provided by Odessa Technologies, Inc ("Odessa"), to provide lease management software to aid in managing its lease portfolios. ICON manages multiple equipment leasing funds that focus on mid and large ticket leases. Odessa will configure and customize the LeaseWave suite to automate, manage and complement ICON's current operations and position the company for its future growth plans. The project will commence on October 1, 2008. The complexities behind billing, logistics, accounting and other leasing operations require flexibility and sophistication from the underlying lease management software.

Odessa Technologies, Inc. announced the appointment of Jim Humphrey as Vice President of Sales and Marketing. Humphrey will lead the company’s global sales and marketing efforts and will report directly to the CEO. His main focus will be to build the Odessa and LeaseWave brand while expanding the company’s sales efforts. Humphrey not only brings more than 20 years of sales-related experience but has also specifically spent most of his career within the leasing industry.

Odessa Technologies, Inc. and Amembal & Associates, in joint venture, announced the release of a suite of software products aimed at the sales force of leasing companies.

Odessa Technologies (Odessa) the maker of LeaseWave, has conducted an extensive business process analysis of Merchants Leasing operations, with the ultimate goal of process improvement and re-engineering during the implementation of LeaseWave.

Odessa Technologies, Inc., will participate as an exhibitor at the 46th Annual Equipment Leasing and Finance Association Convention in Orlando, Florida where they will introduce the latest additions to their suite of lease management software products.

Odessa Technologies, Inc., creators of lease management and fleet management software announced the 100th addition to their team of finance software solution experts.

Odessa Technologies, Inc. (Odessa) will participate as an "exhibitor" at the Finance Leasing in China Summit in Beijing, China.

Vertex Inc. (www.vertexinc.com), the leading provider of tax technology solutions, has expanded its partnership with Odessa Technologies Inc., a leading provider of innovative leasing software solutions for the leasing industry.

Odessa Technologies, Inc. announced the release of LeaseWave 4.0 in Q 1, 2007. The newest version of its first-in-class, end-to-end, asset-based lease management software suite is built entirely on the .NET platform and uses a comprehensive Services Oriented Architecture.

Odessa Technologies, Inc. announced the addition of key functionality to its integrated fleet management system, LeaseWave Fleet Management (FM).