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TheStreet Open House

Marlin And Manitowoc Launch New Financing Program

Stocks in this article: MRLN

MOUNT LAUREL, N.J., Aug. 16, 2012 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) and Manitowoc Foodservice, division of The Manitowoc Company, Inc. (NYSE:MTW), have formed a strategic alliance to provide financing solutions for Manitowoc's channel partners and equipment purchasers nationwide.

Marlin has supported the foodservice industry since its inception in 1997. The strategic alliance will enable Manitowoc customers to quickly and cost-effectively acquire the equipment and technology needed to expand and grow, while helping Manitowoc's channel partners improve transaction efficiency. The alliance with Manitowoc, a world-class manufacturer of foodservice equipment and a leader in the market, will enable Marlin to further grow its presence in the growing foodservice industry.

"We are proud to offer flexible financing plans with competitive terms to Manitowoc customers under this new program," said Dan Dyer, Marlin's CEO. "With our origination and underwriting capabilities and expertise in the foodservice industry, Manitowoc channel partners and customers can expect best-in-class service."

"We look forward to a thriving relationship with Marlin Business Services Corp.," said Dean Landeche, Manitowoc's SVP of Marketing. "For foodservice operators of all types, being able to purchase our products with more ease and with the backing of a strong and reliable organization like Marlin is an exceptional benefit. For our channel partners, Marlin's support will mean improving the speed of business by eliminating long approval waiting periods, giving Manitowoc channel partners another smart competitive advantage."

About Marlin Business Services Corp.

Marlin Business Services Corp. is a nationwide provider of innovative equipment financing solutions for small and mid-size businesses. Since its inception in 1997, Marlin has financed a wide array of commercial equipment and software for a quarter of a million business customers. Marlin's mission is to offer convenient and cost-effective financing products while providing the highest level of customer service. Marlin is publicly traded (Nasdaq:MRLN) and owns and operates a federally regulated commercial bank, Marlin Business Bank. For more information, visit www.marlincorp.com or call toll free at (888) 479-9111.

The Marlin Business Services Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4087

CONTACT: Marlin Business Services Corp.
         Media Relations
         mediarelations@marlincorp.com

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