Mosaic International Corporation expands Passport To Canadian Leasing Program

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 22, 2006 --

�We�ve been providing equipment leases for Canadian businesses, municipalities and federal departments since 2003,� said Jim Woods, Mosaic International�s Co-founder and Senior Vice President of Canadian Markets. �We�ve expanded our Passport To Canadian Leasing Program to accept brokerage business from U.S. based equipment leasing companies. Before expanding the program we spoke with small and large leasing companies and learned that most of them receive Canadian lease requests but turn the business away because they didn�t have a funding source in place. This is the business we want to capture. �

Woods added, �Our Passport program consists of a commercial and government leasing program. Our commercial program is directed towards �A� credit lease transactions for equipment costing from $10,000 to $1,000,000+ that is moveable, identifiable and offers lessees a revenue-generating or expense-saving contribution. Our government program offers equipment leasing to municipalities, provincial and federal departments including crown corporations. Most equipment can be leased including software. Our Canadian program covers all provinces and territories but has restrictions in the province Quebec.�

�We understand that vendor relationships are vital to the success of most leasing companies. Our Passport program is another sales tool they can provide their vendors who have customers in Canada. We have no volume requirements. We�ll work with leasing companies that receive one Canadian deal a year or thirty a month, � said Woods.

Woods concluded, �The Mosaic team is excited about this expansion. It�s not everyday you get to break new ground in an industry as established as this one is.�

For more information on Mosaic�s Canadian Passport Program, visit www.mosaicleasing.com

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About Mosaic International Corporation

Mosaic International Corporation is an equipment lessor headquartered in International Falls, Minnesota. Mosaic�s market focus includes commercial, municipal and federal leasing opportunities in the United Sates and Canada.

For more information contact:

Jim Woods
Senior Vice President of Canadian Markets
218.285.7421 ext.130 - U.S. and Canada
jwoods@mosaicleasing.com