PRESS RELEASE

6/10/02   Chicago, IL

Summit National, Inc., the leading U.S. owned provider of SQL based lease accounting software and services for the leasing industry, is pleased to announce its next generation solutions supporting Oracle 9i database platforms: ULTIMA, iNnova, and AppLink.

ULTIMA is the new flagship system from Summit. This 32-bit Windows based system manages complex lease and loan portfolios and seamlessly integrates with major 3^rd party products.  ULTIMA has all the functionality of our OPTIMA  MS SQL product with additional features including Customizable User Interface, Internal Reporting, Enhanced Security Options, and it�s Internet enabled. ULTIMA is the ultimate Oracle platform solution.

iNnova is a comprehensive and cost effective core accounting and management application for small to mid size vehicle and equipment leasing companies.  This 32-bit Windows based system is designed to increase user efficiency and reduce data entry errors. iNnova runs on MS SQL or Oracle database platforms and can be installed at your location on a dedicated server or used through the WEB as an ASP service.

AppLink, Summit�s front-end, web-enabled Application Processor and Credit Management system, provides a complete solution for tracking leases in progress.  AppLink is designed with User Defined flexibility to mold to a company�s individual business processes. This system interfaces with the major credit bureaus for online gathering of information, email and contact management software, general accounting packages, custom report writers, and most any back-end system including Summit�s ULTIMA, OPTIMA, and iNnova systems.

Summit�s high value products are designed with state-of-the-art technology to increase operating efficiency and lower IT and Administration costs.  These systems are modular and tailored to meet the needs of small, medium, and large enterprises in the vehicle and equipment leasing industries.

PO Box 37 * Kenilworth, IL  60043 * Tel: 847-256-3946
  info@summitnational.com * sales@summitnational.com * support@summitnational.com