FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of a Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month(s) of: October 28, 1999
NEWCOURT CREDIT GROUP INC.
Newcourt Centre, 207 Queens Quay West
Suite 700
Toronto, Ontario
Canada, M5J 1A7
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.]
Form 20-F / / Form 40-F /X/
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
Yes / / No /X/
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b)]
82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: October 28, 1999
NEWCOURT CREDIT GROUP INC.
/__________________________/
By: Scott J. Moore
Executive Vice President, Legal
and General Counsel and Secretary
News Release
For immediate release
Contact: Carolyn Conner Contact: Valerie Monaco
(416) 507-5239 (480) 366-6641
Trading Symbol: NCT
Exchange Listings: Toronto
Montreal
New York
Newcourt to Provide Customized Lease Financing Programs
for Pinacor Resellers
Toronto, Canada and Tempe, Ariz., October 28, 1999 -- Newcourt
Financial, the commercial finance business of Newcourt Credit Group,
and Pinacor, a leading distributor of technology products and
services, today announced that Newcourt has been selected as a
ChannelServe Service Provider (CSP) to provide lease financing
programs for Pinacor resellers and their end user customers. Pinacor's
CSP program authorizes premier service companies to offer
professional, high-quality services to its base of more than 25,000
resellers, VARs, dealers, and systems integrators.
As a ChannelServe Service Provider, Newcourt Financial will offer
customized lease solutions to Pinacor's resellers. The lease program
will be supported by Newcourt's FinanceLink(tm) on-line leasing solution.
This state-of-the-art, on-line software provides an innovative
solution, allowing resellers to obtain electronic brochures and
marketing materials, provide customers with lease calculators and
proposals, and use an on-line credit application.
"Pinacor's agreement with Newcourt, a leader in commercial equipment
leasing, will help our resellers add value for their end users by
offering a complete technology solution, including financing," said
Jim Crawford, group vice president of Integrated Logistics Services at
Pinacor. "Through Pinacor's CSP program, resellers will benefit from
the combination of Pinacor's industry-leading fulfillment services and
Newcourt's financial solutions."
"Newcourt is excited about the potential of our new relationship with
Pinacor. This is another example of Newcourt partnering with industry
leaders. We strive to add value by understanding our customers' needs
and provide effective, tailored leases to meet those needs. Pinacor is
a leader in the fast changing technology product market. The program
uses Newcourt's state-of-the-art technology for on-line lease programs
and will enable resellers to sell more product," said Nick Whittemore,
senior vice president of Newcourt Financial.
Pinacor expects to begin marketing the Newcourt lease program
immediately through its CSP program. Pinacor's CSP program helps
resellers by offering services tailored to meet specific needs. CSP
members align with Pinacor's customer oriented sales segments,
resulting in a suite of services that truly add value through business
services, financial services, resellable services and technical
services
About Pinacor
Pinacor provides market-leading technology products and innovative
services to resellers, VARs, dealers, and systems integrators from
industry-leading suppliers. With a suite of technical, financial and
account management benefits, the company offers convenient, simple and
efficient services to more than 25,000 resellers. Using electronic
commerce to streamline the delivery of efficient technology solutions
and services, the company supports customers worldwide from strategic
hubs in the United States and Latin America.
Pinacor has more than 20 years of experience in the information
technology distribution channel and was founded as part of MicroAge,
Inc., a Fortune 500 provider of global technology solutions. Based in
Tempe, Ariz., the company is the third largest technology distributor
in the United States and has a growing presence in Latin America. The
company reported FY 98 revenue of $5 billion.
About Newcourt
Newcourt Credit Group is one of the world's leading sources of
commercial and corporate financing with more than US$25 billion in
managed assets and global capability in 26 countries. Newcourt
Financial is a division that provides financing solutions for a wide
range of industries, including companies in information technology,
telecommunications, office products, transportation and construction.
Newcourt Financial has developed customized financing programs for
over 300 companies including Dell Computer, Lucent Technologies and
Snap-On Tools.
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This report may contain forward-looking statements about the
operations, objectives and strategies of Newcourt. These statements
are subject to risks and uncertainties. Actual results may differ
materially due to a variety of factors including competition,
technological change, issues relating to Year 2000 readiness, the
global capital markets and general economic conditions in the U.S.,
Canada, or internationally. These and other factors should be
considered carefully and readers should not place undue reliance on
Newcourt's forward looking statements.