news & events

FOR MORE INFORMATION:

Diana Derrington
Phone: (314) 569-7734
FAX: (314) 569-8300
diana.derrington@wwt.com

For Immediate Release

World Wide Technology Debuts Leasing Services
Services Enable Customers to Acquire, Update or Replace Equipment Flexibly & Efficiently

St. Louis, Missouri – July 1, 2003 – World Wide Technology (WWT) announced today the debut of WWT Finance to provide customers straightforward leasing solutions at competitive rates. With experienced financing professionals, WWT Finance can design a leasing solution to meet unique customers' needs, on flexible terms that made good business sense.

WWT Finance is complementary to WWT's overall strategic mission of streamlining the IT supply chain and broadens WWT's overall value proposition to clients by offering a competitive leasing solution. WWT now offers customers the ability to acquire equipment, technical services and financing all from a single source. The new leasing services provide customers practical, flexible and customized financing solutions through straightforward documentation. WWT Finance offers a variety of flexible leasing alternatives, including:

  • operating leases
  • capital leases
  • leveraged leases
  • sale leasebacks
  • lease lines of credit
  • short term, 6 -12 month, rentals

In addition, WWT Finance offers clients the opportunity to obtain leasing services from one of the largest minority business enterprises in the United States, providing customers the opportunity to meet and exceed diversity spend goals.

"WWT Finance is part of our overall strategy to provide a comprehensive array of services to our valued customers." States Joe Koenig, President, World Wide Technology, "We are extremely pleased to offer turn-key financing services that streamlines and simplifies our customers' technology acquisition process."

About World Wide Technology

Founded in 1990, World Wide Technology Holding is a leading electronic procurement and logistics company in the information technology industry. WWT Holding, with its industry-specific operating companies - WWT, Telcobuy.com and SDE Business Partnering-specializes in helping customers rapidly build and deploy technology infrastructure in a timely, cost-effective manner.

WWT's electronic procurement and logistics capabilities combine procurement services and logistics functions with state-of-the-art information systems technology, building upon WWT's success as a premier value-added reseller in the information technology industry. This allows partners to focus on core competencies while maximizing supply chain efficiencies. Both customers and partners benefit from having WWT, a proven distribution and logistics company, manage their inventory while at the same time gaining access to WWT's web-based procurement, inventory management and deployment management applications.

WWT has headquarters in St. Louis, Missouri, with remote sales and distribution facilities in Plano, Texas; Austin, Texas; Livermore, California; Aberdeen, Maryland; Nashville, Tennessee; Detroit, Michigan; Reno, Nevada; and McLean, Virginia.

For more information, please visit us at http://www.wwt.com.