During the third quarter of fiscal 1998, equipment leases under management increased $55.8 million to $ 142.4 million, an increase of 64% from the third quarter of fiscal 1997.
Subsequent to the end of the third quarter of fiscal 1998, the
Company entered into an agreement to acquire The Atlas Group, Inc., a company primarily involved in the energy finance business through the syndication of oil and gas properties, for assumption of debt and common stock of the Company with an aggregate value (at the time of agreement) of approximately $70.0 million.
[The remainder of this release contains the Company's interim unaudited balance sheet, consolidated statements of income, consolidated statements of
cash flows, and certain information relating to the revenue recognized and expenses incurred in the Company's real estate finance and equipment leasing operations during the periods indicated.]