Neoware Partners with CitiCapital to Offer Leasing Program for Eon Customers - Neoware ezLease Program Eliminates Up-Front Capital Expenditures -

Apr 05, 2001, 01:00 ET from Neoware Systems, Inc.

    KING OF PRUSSIA, Pa., April 5 /PRNewswire/ --
 Neoware Systems (Nasdaq: NWRE), the leading supplier of award-winning software
 and solutions for the emerging Appliance Computing market, today announced
 that it has partnered with CitiCapital to offer a new leasing program to
 customers of Neoware's Eon family of computing appliances.
     Under the Neoware ezLease Program, credit-approved customers can finance
 the purchase of any Neoware Eon computing appliance with a fixed monthly
 payment instead of paying the entire purchase price up-front.  Neoware has
 partnered with CitiCapital -- a leader in technology leasing -- to offer the
 Neoware ezLease Program.  CitiCapital's objective is to provide Neoware's
 customers with the fastest credit application turnaround time in the industry
 with the majority of customers receiving lease decisions in less than two
 hours.  Neoware's Eon family allows customers to run any Windows application
 from a multi-user server, plus connect to the Internet, mainframes or
 minicomputers from a simple computing appliance with no hard drive, fan or
 other moving parts.  Neoware offers a choice of four Eon models, with Linux,
 Windows CE or Windows NT Embedded operating systems, all with Neoware's unique
 enhancements that provide security and management features.
     "Neoware is pleased to work with CitiCapital to offer a flexible leasing
 program that allows our customers to purchase new Eon models with no up-front
 capital expenditure," commented Michael Kantrowitz, Neoware's President and
 CEO. "The Neoware ezLease Program is an excellent choice for companies of all
 sizes because it allows our customers to migrate to the latest Appliance
 Computing technologies with no up-front expense."
 
     About Neoware
     Neoware provides software and solutions to enable Appliance Computing, a
 new Internet-based computing architecture that is designed to be simpler and
 easier than traditional PC-based computing.  Neoware's infrastructure software
 and management tools power and manage a new generation of smart computing
 appliances that utilize the benefits of open, industry-standard technologies
 to create new alternatives to personal computers and a wide variety of
 proprietary business devices.  Neoware's products are designed to run local
 applications for specific vertical markets, plus allow access across a network
 to Linux servers, the Internet and Windows-based applications running on
 multi-user Windows servers. Computing appliances that run and are managed by
 Neoware's software offer the cost benefits of industry-standard hardware,
 easier installation and lower up-front and administrative costs than
 proprietary or PC-based alternatives. More information about Neoware can be
 found on the Web at http://www.neoware.com or via email at info@neoware.com.
 Neoware is based in King of Prussia, PA.
 
     About CitiCapital
     With a current global portfolio of $35 billion, CitiCapital, a division of
 Citigroup, is among the largest U.S.-based commercial finance companies.
 CitiCapital provides a full range of financing solutions and services to over
 500,000 customers throughout the world and is a market leader in
 transportation, material handling, construction, business technology and
 medical equipment finance, as well as franchise and municipal finance, fleet
 leasing and relocation services.
 
     This press release contains forward-looking statements within the meaning
 of the Private Securities Litigation Reform Act of 1995, including statements
 regarding Neoware's introduction of its new ezLease Program for its Eon family
 of computing appliances.  These forward-looking statements involve risks and
 uncertainties.  Factors that could cause actual results to differ materially
 from those predicted in any such forward-looking statement include Neoware's
 timely development and customers' acceptance of Neoware's appliance computing
 products, including its new Eon products, rapid technological changes in the
 industry, growth of the appliance computing market, increased competition and
 adverse changes in general economic conditions, including the European market.
 These and other risks are detailed from time to time in Neoware's periodic
 reports filed with the Securities and Exchange Commission, including, but not
 limited to, its report on Form 10-K for its fiscal year ended June 30, 2000.
 
 

SOURCE Neoware Systems, Inc.
    KING OF PRUSSIA, Pa., April 5 /PRNewswire/ --
 Neoware Systems (Nasdaq: NWRE), the leading supplier of award-winning software
 and solutions for the emerging Appliance Computing market, today announced
 that it has partnered with CitiCapital to offer a new leasing program to
 customers of Neoware's Eon family of computing appliances.
     Under the Neoware ezLease Program, credit-approved customers can finance
 the purchase of any Neoware Eon computing appliance with a fixed monthly
 payment instead of paying the entire purchase price up-front.  Neoware has
 partnered with CitiCapital -- a leader in technology leasing -- to offer the
 Neoware ezLease Program.  CitiCapital's objective is to provide Neoware's
 customers with the fastest credit application turnaround time in the industry
 with the majority of customers receiving lease decisions in less than two
 hours.  Neoware's Eon family allows customers to run any Windows application
 from a multi-user server, plus connect to the Internet, mainframes or
 minicomputers from a simple computing appliance with no hard drive, fan or
 other moving parts.  Neoware offers a choice of four Eon models, with Linux,
 Windows CE or Windows NT Embedded operating systems, all with Neoware's unique
 enhancements that provide security and management features.
     "Neoware is pleased to work with CitiCapital to offer a flexible leasing
 program that allows our customers to purchase new Eon models with no up-front
 capital expenditure," commented Michael Kantrowitz, Neoware's President and
 CEO. "The Neoware ezLease Program is an excellent choice for companies of all
 sizes because it allows our customers to migrate to the latest Appliance
 Computing technologies with no up-front expense."
 
     About Neoware
     Neoware provides software and solutions to enable Appliance Computing, a
 new Internet-based computing architecture that is designed to be simpler and
 easier than traditional PC-based computing.  Neoware's infrastructure software
 and management tools power and manage a new generation of smart computing
 appliances that utilize the benefits of open, industry-standard technologies
 to create new alternatives to personal computers and a wide variety of
 proprietary business devices.  Neoware's products are designed to run local
 applications for specific vertical markets, plus allow access across a network
 to Linux servers, the Internet and Windows-based applications running on
 multi-user Windows servers. Computing appliances that run and are managed by
 Neoware's software offer the cost benefits of industry-standard hardware,
 easier installation and lower up-front and administrative costs than
 proprietary or PC-based alternatives. More information about Neoware can be
 found on the Web at http://www.neoware.com or via email at info@neoware.com.
 Neoware is based in King of Prussia, PA.
 
     About CitiCapital
     With a current global portfolio of $35 billion, CitiCapital, a division of
 Citigroup, is among the largest U.S.-based commercial finance companies.
 CitiCapital provides a full range of financing solutions and services to over
 500,000 customers throughout the world and is a market leader in
 transportation, material handling, construction, business technology and
 medical equipment finance, as well as franchise and municipal finance, fleet
 leasing and relocation services.
 
     This press release contains forward-looking statements within the meaning
 of the Private Securities Litigation Reform Act of 1995, including statements
 regarding Neoware's introduction of its new ezLease Program for its Eon family
 of computing appliances.  These forward-looking statements involve risks and
 uncertainties.  Factors that could cause actual results to differ materially
 from those predicted in any such forward-looking statement include Neoware's
 timely development and customers' acceptance of Neoware's appliance computing
 products, including its new Eon products, rapid technological changes in the
 industry, growth of the appliance computing market, increased competition and
 adverse changes in general economic conditions, including the European market.
 These and other risks are detailed from time to time in Neoware's periodic
 reports filed with the Securities and Exchange Commission, including, but not
 limited to, its report on Form 10-K for its fiscal year ended June 30, 2000.
 
 SOURCE  Neoware Systems, Inc.