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FOR IMMEDIATE
RELEASE
LeaseTrader Announces the Launch of LeaseTrader.com En Espanol
HALLANDALE, FL - June 8, 2001 (INB) -- LeaseTrader.com,
http://www.LeaseTrader.com, the automobile leasing
marketplace today announced the launch of LeaseTrader.com en
Espanol. LeaseTrader's patent pending solution addresses the
needs of consumers looking to get out of their current auto
lease, take-over a short-term lease, or lease their next new
vehicle.
LeaseTrader.com is the first online automotive service site to
serve the 35 million U.S. Spanish speaking community. With a
current purchasing power of over USD 400 billion, the U.S.
Census estimates, by 2002 Hispanics will replace African
Americans as the largest minority group. By 2025, the projected
size of the U.S. Hispanic population will grow to 61 million,
two times the size of today's market.
"A key element in our success is our focus on creating and
executing a greater consumer experience. By offering our solution
in Spanish and English we are adding a comfort level to many of
our current and future Spanish-only and Spanish-Preferred leasing
clients." Explained Ariel Stiberman, the Company's President &
Chief Operating Officer.
LeaseTrader's patent pending process offers consumers trapped in
their auto leases a cost effective and secure way to transfer their
lease to individuals seeking short-term lease opportunities.
Individuals and Corporations looking to get out of their lease(s),
post their lease and vehicle information online at LeaseTrader.com
and are connected with consumers looking
to take-over those leases. The Company then provides tools and
services to facilitate and enhance the leasing experience.
Automobile leasing reached $83 billion in the United States in 1999.
Leasing accounts for one out of every three vehicles sold in the US.
In some luxury brands, the number rises to seven out of very ten
vehicles sold. LeaseTrader.com, along with its partners, is
positioned to become the leader in this explosive new sector of the
automotive industry. The Company has filed a patent application with
the United States Patent and Trademark Office.
Journalists! Want to follow up on this news tip? Write to
info@newsbureau.com for media contact information.
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