CONTACT: Mark Bassil,
MAiSPACE
330 Waterloo Valley Road
Mount Olive, NJ 07828
973.446.2300

DATE: February 11, 2009

Mt. Olive, NJ, February 11 – As the creators of the Complete Office Concept and the market leader in providing superior quality modular office furniture systems at prices averaging 40% below its competitors, MAiSPACE has added a leasing option for its dealers and distributors to pass on to prospects, reports Mark Bassil, the company’s vice president and co-founder.

“We make it possible to calculate monthly payments in seconds through our website Lease Calculator at www.maispace.com and clicking on the instant quote icon,” Bassil says. “Starting at a minimum of 2,000 square feet, prospects enter the size of their facility and the length of the lease for a 2, 3 or 4-year term. As an example, fitting out 20,000 square feet for a 4-year term comes to $7,521 per month installed or $0.38 per square foot. Buying the equipment outright would cost $300,000 based on our installed cost of $15 per square foot.”

The website contains application forms for lease or purchase. Once the application is received and paperwork is completed the order is placed. “Generally,” Bassil says, “installations are complete within 4 to 6 weeks of receipt of the order. Our lead time is perhaps the shortest in the contract furniture industry and is largely due to our state-of-the-art manufacturing and supply chain management practices supported by a nationwide network of dealers, distributors and installers.”

When thinking of office furnishings – including the cost of the furniture itself as well as supporting technology, installation, service and delivery – business owners are urged to consider value in terms of their use, not in ownership. “Today more than 80 percent of U.S. companies lease some if not all of their office furniture, equipment and technology acquisitions,” Bassil says. “Compared with other financing methods leasing is easier than securing bank loans and is just as competitive. Payments are fixed instead of being based on floating interest rates, and leases can be structured to support the needs and goals of a business, not the bank.”

For more information contact Mark Bassil at 714-897-7200 or fax 714-897-7222