RESIDCO Adds Experienced Rail Sales Professional to Staff

RESIDCO Adds Experienced Rail Sales Professional to Staff

CHICAGO, May 1, 2006 -- RESIDCO, a leading transportation equipment investment management company based in Chicago, announces the hire of Greg Schmid, a seasoned sales manager for rail sales and leasing.

Schmid comes to RESIDCO from RELCO Locomotives/RELCO Finance, Inc. in Naperville, Illinois, bringing with him expertise in the area of locomotive and rail car sales and leasing. At RESIDCO, Schmid will oversee development of leasing, financing, and management opportunities involving all types of rail cars and locomotives. He will also leverage RESIDCO’s track record in the rail inner and outer markets.

"We're very excited to have Greg's talents to our growing rail division," said Vincent Kolber, president and CEO of RESIDCO. "Greg has a wealth of knowledge about the rail industry and he will be an asset to the company."

RESIDCO is a transportation equipment investment management company, which provides portfolio marketing, lease structuring, acquisition and remarketing services to lessors, and leasing services to users of aircraft and railroad equipment. RESIDCO’s professionals have closed over one billion dollars worth of transactions involving commercial aircraft, railcars, and locomotives.