The Mint Leasing, Inc. Unveils Growth Strategy as Public Company

2008 GROSS REVENUES EXPECTED TO APPROXIMATELY DOUBLE TO $60 MILLION AREA

HOUSTON, July 31 /PRNewswire-FirstCall/ -- The Mint Leasing, Inc.
(OTC Bulletin Board: MLES), which leases automobiles and fleet vehicles
throughout the United States, today unveiled its strategy for continued
aggressive expansion of its business through securitization initiatives, the
recruitment of additional sales and marketing staff, entry into new markets,
and the opening of regional offices throughout the nation.
"Our business has grown dramatically during the past two years, with gross
revenues increasing over 110% in 2007 to approximately $30 million, from
approximately $14 million in 2006, and further gains to the $60 million area
are anticipated for the year ending December 31, 2008," stated Jerry Parish,
Chairman and Chief Executive Officer of The Mint Leasing, Inc. "The primary
limitation upon our growth has involved access to capital, and we believe our
status as a publicly traded company will allow us to address this challenge
much more efficiently. Along with recent expansions in our bank credit lines,
we are currently evaluating the potential for a securitization of our $70
million lease portfolio, among a number of alternatives available to us for
financing additional growth. In addition to these actions, the Company plans
to apply for a listing of its common stock on the American Stock Exchange
(AMEX) before the end of 2008."
"We have proven the validity and profitability of our leasing concepts
over the past several years and believe the market potential for our leasing
model is nationwide in scope," continued Parish. "While strong economic
trends in Houston and certain other Texas markets have provided solid
underpinnings for The Mint Leasing's business model, we have successfully
expanded into markets in six other states in the Southeastern U.S. by
providing brand-name dealers and consumers with attractive options unavailable
from traditional financing sources. Our near-term plans call for entry into
several new markets during the next twelve months. Longer-term, we expect to
open a number of regional administrative offices throughout the United States
in order to provide the ultimate in customer service to auto dealerships and
to allow for the most efficient sale and/or re-leasing of vehicles at the end
of contractual lease periods."
"Automobile leasing currently plays a role in the purchase of at least 15
million vehicles annually in the U.S. and represents a market that has grown
ten-fold in the past decade. Studies indicate that leasing is involved in
approximately 35% of all vehicle transactions in America. We believe that The
Mint Leasing's unique underwriting and risk management philosophy has
positioned the Company for a continuation of its aggressive growth in coming
years," concluded Parish.
After deduction of unearned income from gross revenues, the Company
reported net revenues of approximately $6.8 million in the year ended December
31, 2006. Net revenues increased 226% in 2007 to approximately $22.2 million.
About The Mint Leasing, Inc.
The Mint Leasing, Inc., leases automobiles and fleet vehicles throughout
the United States. Most of its customers are located in Texas and six other
states in the southeastern U.S. The Mint Leasing's customers are primarily
comprised of brand-name automobile dealers that seek to provide leasing
options to their customers, many of whom would otherwise not have the
opportunity to acquire a new or late-model-year vehicle. The Mint Leasing,
Inc. is responsible for underwriting criteria and procedures, administration
of the leases, and collection of payments from lessees.
The Company is headquartered in Houston, Texas, and its common stock
trades on the OTC Bulletin Board under the symbol "MLES".
The information in this news release includes certain forward-looking
statements that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and uncertainties,
including statements to the future financial performance of the Company.
Although the Company believes that the expectations reflected in the
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be
correct. Factors that could cause results to differ include but are not
limited to, successful performance of internal plans, product development and
acceptance, the impact of competitive services and pricing, or general
economic risks and uncertainties, and other risks disclosed in the Company's
periodic filings with the U.S. Securities and Exchange Commission.
SOURCE The Mint Leasing, Inc.

R. Jerry Falkner, CFA, RJ Falkner & Company, Inc., Investor Relations Counsel,
1-800-377-9893, info@rjfalkner.com, for The Mint Leasing, Inc.; or Investor
Relations of The Mint Leasing, Inc., investorinfo@mintleasing.com