ST. LOUIS (March 12, 2010) - CSI Leasing, Inc. (CSI) announced today an expansion and diversification plan that will grow the company beyond its traditional core business of information technology leasing. “This is a very exciting undertaking for us, and we have recruited a first-class management team to lead the initiative,” said Steve Hamilton, President and COO of St. Louis-based CSI, a 38-year-old private leasing firm.

“Our entire senior-level management group spent many months intensively evaluating vertical markets and identifying those which we consider to be the most promising for us. We intend to take full advantage of the substantial growth opportunities by providing financial solutions to the demands of these markets.

“The combined business backgrounds of our new team, their industry-specific knowledge, and successful track records are vital to accomplishing our objectives. Mr. Clifford Svoboda and Mr. Robert Rinaldi will serve as Senior Vice Presidents of the new group. Each will have a prominent role in evaluating acquisition opportunities for CSI. In addition, Cliff will focus on building our presence in the energy business with emphasis on alternative and renewable projects, while Bob will spearhead our efforts in the direct healthcare space,” Hamilton said.

Mr. Svoboda has a 40-year business background with 29 years of senior management positions at Finalco, Bell Atlantic, Information Leasing and National City Commercial Capital. In his most recent position he served as CEO of Energy Capital Investments and a Principal with Najafi Companies, a private firm making selective investment acquisitions up to $2.5 billion.

Mr. Rinaldi is a 25-year veteran of the leasing industry. He was a founding partner of Information Leasing Corp., which he helped grow to the fifth largest leasing company in the U.S. He is a trustee of the Equipment Lease and Finance Foundation, a member of the ELFA board and Chairman of its LeasePAC.

“A lot of people equate the current economic environment with an inability to consider growth planning,” commented Ken Steinback, founder and Chairman of CSI. “We disagree – organic growth through entry into new vertical markets and inorganic growth through careful acquisition, particularly as the U.S. economy recovers, can set the stage for profitable expansion. We have built a great company for the past 38 years – with record earnings in 2009. We have a sound plan, a history of achievement and exciting new leadership in Bob and Cliff. We intend for CSI to keep growing.”

A privately-held company, CSI Leasing has operations throughout North, Central and South America, Europe and Asia.

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