Varilease is an entrepreneurial, fast growing, uniquely structured organization that is primarily focused on serving banks and middle to large businesses across the United States. Our business units have been empowered to structure and fund transactions that maximize the economic, tax and accounting considerations of our clients, while fostering a mutually beneficial long-term relationship. As we continue to serve our core clients, Varilease has embarked on a scalable initiative to expand our products and services to the complete spectrum of credits in the small-ticket marketplace. Additionally our experience continues to serve our goals in the following markets: Portfolio Acquisitions, Information Technology, and Lease Management.

Varilease has become a leader in the equipment-lease financing industry and constantly improves its products and services and the training of our most valuable asset – our employees. Varilease is committed to provide maximum value to our shareholders, employees and clients alike.

| President’s Message |