UNION UPDATES

Union Leasing Appoints New Regional Sales Manager for the NorthEast

3/4/08 Schaumburg, IL - Union Leasing is pleased to announce the appointment of Bill Sihksnel as its Regional Sales Manager for the Northeast. Sihksnel will report directly to Mark Conroy, Vice President Sales and Marketing for Union Leasing. Union’s rapid expansion and growth has created this opportunity. Sihksnel will be responsible for an East Coast multi state sales territory providing vehicle management solutions to companies in the 10-500 fleet market.

Prior to his appointment with Union, Sihksnel was Vice President Business Development for GE Commercial Finance Fleet Services based out of Melville, New York since 1993. He also spent 10 years as Vice President/ Regional Sales Manager with Leasing Associates prior to GE Fleet. Over his 25 year fleet management career, Sihksnel has sourced and managed total portfolios in excess of 32 million dollars.

Union Leasing, a wholly owned subsidiary of Chicago Freight Car Leasing, is a recognized leader in the vehicle management industry for its sector of 10-500 vehicles providing relentless commitment to client service nationwide.

Randy Pozin earns U First Achievers Club Award for 2007

2/20/08 Schaumburg, IL - North Central Regional Sales Manager Randy Pozin was recognized as the 2007 Union Leasing Regional Manager of the Year at the Annual Company wide meetings on February 20th, 2008. He was awarded the 2007 U First Achievers Club Award by Union’s VP Sales and Marketing Mark Conroy at the Schaumburg Marriott in Schaumburg, Illinois. He was recognized for his sales performance, leadership and his commitment to the vision, core values and mission of Union Leasing.

Pozin, with 32 years of fleet management industry experience, has consistently performed well in the fleet management industry since 1975. His wife Nancy and daughters Amy and Suzanne provided the motivation and support.

Donna Morgan recieves Extra Mile Award for 2007

2/20/08 Schaumburg, IL - Union Leasing is proud to announce that the recipient of the first “Extra Mile Award” is Account Manager, Donna Morgan. The award is open all Union employees, it represents outstanding service to both our clients and fellow employees.

The “Extra Mile Award” is based on peer review and is given to the individual that most closely demonstrates the core values of Accountability, Commitment, Creativity, Passion and Respect. Donna exemplifies these values and we applaud her contributions to the organization. The presentation was made by Shad Peterson, Chief Executive Officer at the annual company dinner.

Kent Boskovich, appointed to the position of Director of Lessors for AFLA

10/18/07 Schaumburg, IL - Kent Boskovich, President of Union Leasing, has been appointed to the position of Director of Lessors on the Board of the Automotive Fleet and Leasing Association (www.aflaonline.org). His appointment was made at the 39th Annual AFLA Conference at the Loews Ventana Resort in Tucson, Arizona on September 5th-7th, 2007.

Kent’s responsibilities will be to act as the liason between AFLA and the Industry’s Fleet Management Lessors. Kent has been an active member of AFLA for many years and had previously run for a Board position in 2006. Union Leasing has been well represented over the years at AFLA by CEO Shad Peterson and Vice President Sales and Marketing Mark Conroy, the latter having just completed his term as AFLA President in 2006-2007. Mr. Boskovich’s current term is up in June 2008. At that time, he will be able to run for a two year re-election as Director Lessors or choose to run as Vice President and become an Executive Officer of AFLA.

AFLA’s President for 2007-2008 is Elsie Lucia from Estee Lauder and Executive Vice President is Mike Antich from Bobit Business Media. Next year’s Conference is scheduled for September 10th-12th, 2008 at the Marriott Camelback Resort in Scottsdale, Arizona.

Mark Conroy Joins Union as Vice President Sales & Marketing

7/12/07 Schaumburg, IL - Union Leasing Inc. announced today that Mark Conroy has joined the company as Vice President Sales & Marketing. Conroy comes to Union with 26 years of sales and management experience within the fleet industry. Mr. Conroy will be responsible for leading Union’s North American sales team, strategic marketing and fostering development partners reporting directly to recently named President, Kent Boskovich. Mr. Conroy will work from offices in Roswell, Ga.

For the past 10 years, Mr. Conroy held various positions with Alpharetta, Ga based LeasePlan USA including Director of Marketing, National Sales Vice President and Mid Market Sales Vice President for Lease Plan USA. Additionally, he was responsible for LeasePlan’s International Coordination efforts handling global fleets of 1,500 and under. Prior to LeasePlan, Mr. Conroy spent 6 years in Sales with Union Leasing in the Midwest and was based in Chicago.

"We’re very excited to have Mark joining our management team " said Kent Boskovich, President. "Mark brings a tremendous amount of sales and marketing experience, and has a sincere commitment to servicing clients to the optimum level.

Conroy joins a Union organization that has experienced exceptional growth over the past several years while remaining true to its mission- providing dedicated customer service while reducing the cost of fleet administration for its customers.

"Union Leasing has offered me an excellent opportunity to continue its’ growth utilizing my experience in sales and marketing with fleets of all sizes" Conroy said, "Union is loaded front to back with experienced industry people who want to make a difference and enjoy contributing with a solid fleet seasoned management team behind it."

Shad Peterson, CEO added "I am genuinely excited about the strides Union continues to make in maintaining our dedication and focus to customer service and our clients experience while broadening of our footprint within the competitive fleet leasing industry, Mark will be an outstanding addition to Union and our clients."

Union Leasing Announces Strategic Changes in Senior Management

4/27/07 Schaumburg, IL - Union Leasing Inc. announced today that current President Shad Peterson has been appointed Chief Executive Officer by its Board. At the same time Mr. Peterson takes great pleasure in announcing that Kent Boskovich, VP & Managing Director of Business Development and Marketing, will become the next President of Union Leasing, overseeing all day-to-day activities and working with Shad on future strategic directions. "Kent has been a cornerstone of Union Leasing, my Executive Team and a true partner; I am extremely happy for him in this role and expect great things for our company in the future." said Shad Peterson.

Kent has spent his entire professional career in the fleet management industry, of which the last nine years have been with Union Leasing. Kent's experience also includes sales management positions with GE Fleet Services and Wheelco Leasing. Kent has undergraduate degrees in both Accounting and Business Administration, and an MBA in Finance from DePaul University.

As CEO, Mr. Peterson will spend his time focusing on making sure Union can achieve its vision and goal of becoming a leader in the small and medium business fleet management industry. "These are exciting times at Union. Our organization has experienced exceptional growth over the past several years while remaining true to its mission of providing dedicated customer service and reducing the cost of fleet administration for its customers" said Shad Peterson. "We will continue to invest time and money into new products, which will result in servicing our clients better." Shad will also start working with affiliated companies of Union Leasing, including strategic planning with Union's parent company, Chicago Freight Car Leasing.

"I'm honored at the opportunity Shad and the stockholders of Union have given me" stated Kent Boskovich. "Our goal will not change, which is to grow our business, but to always treat each client as if they were our first." During the transition over the next few months Union will be actively engaging an executive recruiting firm to find Kent's replacement as Managing Director of Business Development and Marketing.

Greg Carson Joins Union as Managing Director Fleet Operations

4/11/07 Schaumburg, IL - Union Leasing Inc. announced today that Greg Carson has joined the company as Managing Director of Fleet Operations. Carson comes to Union with 20 years of sales and management experience within the fleet services industry. Mr. Carson will have the responsibility of leadership and management over all aspects of Union Leasing fleet operations including department oversight for Purchasing, Licensing & Tilting, Fleet Maintenance & Insurance and Remarketing.

Mr. Carson’s past experience includes 4 years as Director of Vehicle Accident & Insurance Services for PHH Arval, fifteen years sales and management capacities with the former Chicago based Consolidated Service Corporation (CSC) and numerous process improvement consultancies with fleet management providers.

"Greg has tremendous experience in the automotive services industry. He has a proven track record for identifying service needs and delivering value to the client," said Shad Peterson, President. "He brings to Union a high level of energy and focus. With his years of experience, he’s a perfect fit for our organization and will be invaluable in continuing to strengthen Union’s position as a leader within the mid market leasing segment."

Carson joins a Union organization that has experienced exceptional growth over the past several years while remaining true to its mission- providing dedicated customer service while reducing the cost of fleet administration for its customers.

"Throughout my 20 years in the fleet business I have had the luxury of working for and providing service to many of the leading leasing companies throughout the US. I have always been impressed with the products, reputation and respect that Union Leasing has earned and enjoys" Carson said "Union understands its niche target client and works incredibly hard to deliver. I am happy to be part of the Union team and will do what’s necessary to build on an already impressive company"

Union Leasing Inc. announced that it will be adding Fleet Insurance as part of its full life-cycle approach.

3/14/07 - In Unions mission of providing dedicated customer service and reducing the cost of fleet administration for its customers Union will be adding a critical service to all companies that maintain a fleet, vehicle Insurance.

"Insurance is a major expense in operating a corporate fleet." said Shad Peterson, President. "Union's goal is to reduce direct fleet expenses, and to reduce the time allocated in administering our client's fleet." Union has partnered with Philadelphia Insurance Company to offer a competitive insurance program through an A+ rated company. "We provide a comprehensive program, and take the day to day insurance administration off our client's desk." added Mr. Peterson.

Highlights and advantages of Unions new service offering include a program that represents competitive commercial fleet premiums, with the large number of vehicles in the program; rates do not vary by geographic location, make or model. Improved cash flow is achieved with Union's ability to charge the premium monthly, on a per unit basis and not paying deposits or semi annual premiums.

"Union administers the distribution of all insurance cards, and handles the adding and deleting of units on billing based on when new units are put into service or sold." said Kent Boskovich, VP & Managing Director of Sales. "… a tremendous time saver and value to our clients…" With Union's Maintenance and Accident Management services -The quality and costs of repairs are monitored by Union. This helps keep Union customer's future insurance costs under control, and reduces the time frame for repairs.

For more information please contact your Union Client Services or Sales professional at (847) 240-1500 or visit us online at www.unionleasing.com

Myles McEvilly Joins Union as Managing Director Client Services

2/22/07 - Schaumburg, IL Union Leasing, Inc. announced today that Myles McEvilly has joined the company as Managing Director of Client Services. McEvilly comes to Union after 28 years of distinguished service with Wheels Inc. of Des Plaines, Illinois. He will have the responsibility of leadership and management over all aspects of customer planning, client service and providing consultative fleet administration for Union clients.

While employed by Wheels McEvilly served as General Manager of the midsize fleet division and was responsible for sales and service for the eastern half of the United States. McEvilly also served as the Midwest regional consulting manager.

"Myles has deep experience in the automotive industry, including business development and client relations. He has a great track record for delivering service and value," said Shad Peterson, President. "He brings to Union a high commitment to customer satisfaction, with his years of experience he is ideally suited for the position and will be an asset in assisting Union in maintaining its position as a leading lessor in the small and medium markets.

McEvilly joins a Union organization that has experienced exceptional growth over the past several years while remaining true to its mission of providing dedicated customer service and reducing the cost of fleet administration for its customers.

"Customer service is my passion," McEvilly said. "Joining Union is a unique opportunity to work with a company that is a leader in customer relations, supported by customer orientated technology. At Union high levels of energy are spent on customer satisfaction and that is a significant competitive advantage."

McEvilly received a bachelor's degree in International Relations and a master's degree in Political Philosophy from Northeastern Illinois University.

Union Leasing Selects Fourth Fleet Financial for Driver/Employee Sale Financing Program

11/13/06 - Union Leasing has chosen Fourth Fleet Financial, Inc. to provide automotive financing and extended service contract protection options for its Driver/Employee Sale Program. Union Leasing's decision was based on Fourth Fleet's specialized approach to financing end-of-term fleet sales and matching each customer with an appropriate lending product and partner.

"Fourth Fleet’s multi-lender platform and driver sale specific process reaches deeper into the employee credit pool and delivers a customized process that respects the employee off-lease purchase needs of our clients," said Ken Fitzgerald, director of finance & operations.

Fourth Fleet Financial and its partner lenders provide a comprehensive solution for Union Leasing driver sale customers. Fourth Fleet Financial handles the entire credit application and loan contracting transaction directly and discreetly with each respective customer. Loans typically include 100-percent financing with sales tax, title fees, and extended service contacts included in the employee’s loan balance.

Union Community Outreach

7/20/06 - Union Leasing has created a program called "Union Community Outreach". This program includes several different methods in which the Union family gives back, and encourages participation in our communities and to help those that are less fortunate.

Letter From the President

7/20/06 - Union Leasing has released a Letter from the President. It details Union's dedication to our customers and the industries that we support.

Union Leasing Moves!

3/3/06 - Union Leasing has moved into a larger office located at 425 N. Martingale Road, Suite 1250. This will allow us to continually grow and serve our customers better.