VANCOUVER, British Columbia, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC" or "the Company") is pleased to announce a strategic financing relationship with Partners Capital Group Inc. (“Partners”) as an equipment finance partner for direct lender of equipment loans and leases.
Partners has funded over 10,000 transactions and more than $800,000,000.00 in equipment and are members of National Equipment Finance Association, Equipment Leasing & Finance Association (ELFA).
"SHARC is extremely pleased to have partnered with Partners Capital Group to provide an alternate financing solution for our customers, and believe it is an exceptional opportunity for both companies," said Lynn Mueller, CEO of SHARC. "The formation of this strategic relationship with Partners is another step forward for SHARC and is part of our ongoing commitment to fulfill the financing needs of our customers.”
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC™ technology systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
About Partners Capital Group
Partners Capital Group is a diversified, financial services company that provides creative leasing and financing programs for our customers. Partners serves a diverse range of industries and markets.
Partners was incorporated in 2005 and originally was established as a direct lender of loans and leases. Partners is partnered with several well established lenders to offer discounting and brokering. In addition, we are staffed to handle all aspects of loan and lease originations including credit reviews and underwriting, approvals and documentation, as well as funding and portfolio servicing.
In 2007, Partners was established a direct sales department to work with vendors and suppliers of equipment and software. Our specialties are in medical, office, telecommunications, construction, manufacturing, software, IT and other business essential equipment and software.
Partners finances throughout the entire United States including Hawaii and Alaska, as well as Canada.
With an unsurpassed dedication to world-class customer service, there teams of professionals have built long-term relationships with some of the largest manufacturers and dealers in the world.
Partners grew from a 2,000 sq. ft. office with two employees to our current corporate office of 25,000 sq. ft. and over 150 full-time employees. Our senior management has over 200 years of combined industry experience.
Further information about the company is available on the Partners website at www.partnerscapitalgrp.com
ON BEHALF OF THE BOARD
Chairman and Chief Executive Officer
For further information, please contact:
The Howard Group
Phone: (888) 221-0915 or (403) 221-0915
SHARC International Systems Inc.
Telephone: (604) 442-2425
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.