ots Ad hoc-Service: GRENKELEASING AG

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    Baden-Baden (ots Ad hoc-Service) - Hewlett-Packard and GrenkeLeasing expand their International Cooperation - Boosting of foreign business strategy - expansion of existing partnership to include France - expansion to include other European countries planned

    GrenkeLeasing AG and Hewlett-Packard have decided to expand their international cooperation. In addition to Germany, Austria, and Switzerland, this now also makes GrenkeLeasing AG the exclusive leasing partner of the worldwide leading supplier of products, solutions, and services for information and graphic processing in France. GrenkeLeasing's plans to start up business activities in Italy at the beginning of the year 2001 allows both partners to expand their business operations to Italy and other European countries.

    To enable it to expand its French business, GrenkeLeasing AG opened a branch office in Paris in November of this year. In addition to Strasbourg, this is the second branch which is located in the neighbouring European country.

    Within the scope of the intensive partnership between both companies, which has been in existence since 1994, Hewlett-Packard provides its "HP Express Leasing Service" for IT products in the field of small-ticket leasing via GrenkeLeasing, i.e. for products up to an acquisition value of around DM 50,000. The special advantage of using the "HP Express Leasing Service" is the replacement option for leased products which GrenkeLeasing guarantees over the contractual period. This allows the lessee to continuously update his IT equipment, thus simultaneously boosting the sales-driven demand for new products for dealers and manufacturers alike. Both companies see the present expansion of their cooperation as an important step towards boosting their European business strategy.

    The Board of Management

    Contact Details: GRENKELEASING AG, Rheinstrasse 219, 76532 Baden-Baden Renate Hauss Phone: +49 (0) 7221/5007-204 Email: Internet:

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