Firm Commits $50 Million for Customer Leases

Coyote Network Systems in Westlake Village announced that RCC Finance Group Ltd. has agreed to provide $50 million in lease financing to Coyote customers for the purchase of telecom switching and related products and services.

Financing for individual Coyote customers will be made on a case-by-case basis. The goal of the parties is that not less than $50 million in new leases will be originated and funded prior to March 31, 2000.

RCC leases equipment for companies in the developmental and growth stages.

Coyote Network Systems provides telecom equipment and international long-distance and network services.