For Immediate Release

RippleImpact and eLease Form Lucrative Partnership

November 12, 2001, Redondo Beach, CA-RippleImpact, a technology incubator, recently joined forces with eLease, an online leasing company.

eLease is an online application that enables customers and vendors to apply utilizing the Internet and new technologies. Thus, tremendously speeding up the leasing process from weeks to minutes. Paragon Capital, eLease's parent company, was founded in 1996 and began as a traditional leasing company focused on the high tech industry. eLease is a combination of the traditional and industry experience of Paragon Capital and the highest technology of LeaseExchange.

"I am very excited about our recent partnership with eLease." says Jenny M. Sakhrani, CFO of RippleImpact. "Our partnership with a leasing company allows our client companies to lease equipment expeditiously without the heavy burden on cash flow."

For media information, contact:
Brenda Harris
RippleImpact
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@rippleimpact.com
http://www.rippleimpact.com

RippleImpact is a software development division focusing on custom object oriented applications and enterprise internet software solutions. It is a division of Philosopher's Stone Ventures, a high technology incubator based in Southern California.