Lease Management Software “LeaseWave” by Odessa Technologies Selected by Merchants Leasing as Its Management Solution

Fleet management company to achieve improved workflow in teaming with leading provider of leasing software solutions

Philadelphia, PA, December 14, 2007 --( Odessa Technologies (Odessa) creator of “LeaseWave” lease management software suite, has conducted an extensive business process analysis of Merchants Leasing operations, with the ultimate goal of process improvement and re-engineering during the implementation of LeaseWave. The system will be delivered and installed in stages, configured and customized to tailor-fit Merchants Leasing’s present and future needs.

“With Merchants Leasing, we have the unique opportunity to capitalize on both our leasing and fleet management expertise. While our mainstay has been the equipment leasing business, LeaseWave has always had a vehicle leasing-dimension to it,” says Madhu Natarajan, CEO of Odessa Technologies.

“When our lease management software is combined with our fully integrated fleet management product, we present a unique and attractive package for companies such as Merchants,” he adds. One of Odessa Technologies hallmarks is its ability to configure and customize its products for rapid and continuous business process improvement. LeaseWave 4.0, its latest Microsoft .NET based system is specifically geared towards this concept, making it a viable option for Merchants Leasing.

“We continue to experience significant growth driven by our core principles of offering solutions tailored to our customers’ unique needs accompanied by superior customer service,” says Robert Singer, Senior Vice President and Principal Merchants.

“We went through an extensive evaluation process before selecting Odessa Technologies. LeaseWave will significantly enhance our information management capabilities allowing us to drive a higher level of information right to our customer’s desktops, increasing fleet management capacity and the overall the quality and effectiveness of our internal operations,” Singer adds. “LeaseWave will allow us to be even more nimble and flexible in creating customized products and services designed to address our customer’s present and future needs.”

About Merchants Leasing
Merchants Leasing ( headquartered in Hooksett, NH has been managing and leasing fleet vehicles for more than 40 years, and is part of Merchants Automotive Group, founded by Irving Singer in 1962.

Merchants Automotive Group’s primary focus is Merchants Leasing, and also includes a retail automotive dealership as well as other related automotive and real estate entities which are owned and actively managed by Irving Singer’s sons. The same entrepreneurial, family and customer focused values that contributed to the company’s success are embedded in today’s culture and are evident in daily operations.

As a nationwide fleet management company, Merchants Leasing provides fleet solutions to some of the best known public and private companies across the country as well as offering GSA and government vehicle leasing programs.

About Odessa Technologies, Inc.
Odessa Technologies, Inc. is a software company located in Philadelphia, PA, with a sole focus in building and marketing software solutions to the leasing industry. The LeaseWave suite is its fully-integrated family of products that cater to various parts of the leasing operations, providing an end-to-end solution that is fully Internet-based. Furthermore, recognizing that each business is unique, the LeaseWave suite has been engineered, specifically, to be customizable.

Designed using cutting-edge technology and sound functional expertise, LeaseWave can be custom-built to fit around the unique needs of each lessor. While not every client requires customization, the LeaseWave suite is flexible to cater to even the most complex of business models, as evidenced by its strong customer base. LeaseWave is the only end-to-end system that is fully Internet-based. Its technology as well as its ability to be customized easily differentiates it from competing products.

For further information, please contact
Julita Nerozzi
Direct: 215-231-9424

Dennis Cavagnaro
Direct: 603-695-9234

Odessa Technologies
Julita Nerozzi