Modbook Inc. Offers New Modbook Pro Financing Options

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"Lease & Own for $1" Program Lets Customers Lease the Modbook Pro, the World’s Only Mac-Based Tablet, for as Low as $125 a Month and Then Own it for an Additional $1

Creative technologies developer Modbook Inc. today introduced the "Lease & Own for $1" program, which enables customers to lease the Modbook Pro — the company’s portable and powerful Mac® OS X®-based tablet — for a monthly payment as low as $125 with the option to purchase it when the lease expires for just $1 more.

Under the "Lease & Own for $1" program, U.S. customers can select one of three convenient lease terms: 12 months, 24 months or 36 months. The lease finances the entire cost of the Modbook Pro, including any accessories, additional software, shipping and taxes (where applicable). Every lease includes a $1 purchase of the Modbook Pro at the end of the lease term. The program offers competitive rates and quick credit responses.

The "Lease & Own for $1" program is perfect for freelance creative users who act as independent contractors and need the Modbook Pro as a productive tool in their work. These self-employed users and small business owners can take full advantage of the program’s benefits: fair and reasonable credit decisions, low monthly payments and favorable tax treatment. As with other leased equipment, Modbook Pro lease payments can be deducted as a business expense on tax returns, reducing the net cost of the lease.

Sole proprietors, not-for-profit organizations, educational entities, and small, medium and large businesses are also eligible for the program. By electing a leasing option, customers can spread their purchase over a longer period of time and thus conserve working capital and existing credit lines, while also deducting the cost of the lease for tax purposes.

To provide the "Lease & Own for $1" program, Modbook Inc. is partnering with North Star Leasing Company. North Star Leasing has almost 35 years of experience in funding equipment leases, including for one of the largest Mac resellers in the U.S. In addition, North Star offers quick response times and exceptional customer service.

"’Lease & Own for $1’ gives freelancers and small businesses a convenient financing option for obtaining the Modbook Pro," said Andreas E. Haas, CEO of Modbook Inc. "We’re excited that customers who want to use their Modbook Pro in their professional work will now be able to take advantage of our new leasing program."

The world’s only Mac-based tablet, the Modbook Pro* seamlessly transforms an Apple® MacBook® Pro computer into a Wacom® Penabled® tablet running OS X Mountain Lion, making it the most powerful mobile tablet workstation for creative users, medical professionals, students, teachers and general users.

More details about Modbook Pro leasing options are available at http://www.modbook.com/leasing. Additional information about the Modbook Pro is available at http://www.modbook.com/modbookpro.

*The Modbook Pro is an enclosure conversion kit that transforms an original Apple MacBook Pro notebook-style computer into a tablet-style computer. Apple Inc.’s warranty on the MacBook Pro base system is voided by the conversion and replaced with the Modbook Pro Protection Plan, which covers the entire hardware solution, including the base system. Modbook Inc. is not affiliated with, nor is the Modbook Pro sponsored or endorsed by, Apple Inc.

About Modbook Inc.

Modbook Inc. develops products and technologies like the Modbook Pro that unleash the creative potential in everyone. Privately held, the company and its dedicated team are headquartered in Los Angeles, California, and at http://www.modbook.com.

Modbook is a trademark or registered trademark of Modbook Inc. in the U.S. and/or other countries. Apple, Mac, MacBook and OS X are trademarks or registered trademarks of Apple Inc. in the U.S. and/or other countries. Wacom and Penabled are trademarks or registered trademarks of Wacom Co., Ltd. in the U.S. and/or other countries. Other company and product names may be trademarks of their respective owners.

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Mark Perlstein
Modbook Inc.
+1 (818) 305-4178
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