Japanese Companies Invest in El Camino Resources
El Camino Resources Ltd., a computer leasing company in Northridge, said it received investments from two Japanese companies that would enable it to triple its present $100 million in annual lease volume.
Privately held El Camino did not release terms of the investments, except to say that each of the Japanese companies--Japan Leasing Corp. and Applied Technology Corp.--would acquire a 12.5% stake in El Camino and that Japan Leasing would add one member to El Camino’s board of directors.
El Camino, which also provides support services for computer users, said sales for its fiscal year that ended April 30 totaled $240 million.
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