ECCO Capital Unit Expands Operations
2 June 1998ECCO Capital Unit Expands Operations
Metro Fleet Sales & Leasing, Inc. Adds New Four Acre Facility MINNEAPOLIS, June 2 -- ECCO Capital Corporation (OTC Bulletin Board: ECCP) announced today that its operating subsidiary, Metro Fleet Sales and Leasing, Inc. has expanded its operations by opening a new four acre site for the leasing, sale and repair of used vehicles. The site, located in Loretto, Minn., has lot space for 200 vehicles and a six bay service center. Cullen Grandlund, Chief Executive Officer of ECCO Capital, commented, "The opening of this feeder and staging site will allow us to begin a strategic expansion throughout the Twin Cities metropolitan area. We expect to open additional leasing, sales and rental offices over the next three to six months." ECCO Capital Corporation was formed in 1997 when Metro Fleet Sales and Leasing, Inc. of St. Louis Park, Minn. merged into a dormant public shell. Metro Fleet Sales and Leasing has been engaged since 1993 in the business of offering and operating a unique leasing program featuring reliable used cars which are leased at attractive low monthly rates.