"The Green4Good program eliminates the environmental impact associated with the disposition of end-of-first-life IT assets, while at the same time turning the net residual value of decommissioned IT assets into much needed assistance for charitable organizations."

BURLINGTON, ONTARIO, CANADA - CIT Canada, a leader in providing lending, leasing and other financial advisory services to small businesses and middle market companies, today announced its sponsorship of Green4Good™ , an IT asset re-use and recycling program initiated and operated by Compugen Finance Inc., a wholly owned subsidiary of Compugen Inc.

"CIT is pleased to sponsor Green4Good and support the exceptional value that they bring to so many charities across Canada," said Blake Macaskill, Managing Director of CIT Canada. "The Green4Good program eliminates the environmental impact associated with the disposition of end-of-first-life IT assets, while at the same time turning the net residual value of decommissioned IT assets into much needed assistance for charitable organizations."

Steve Glover, Senior Vice President of Compugen Finance, added, "We're very happy with the value and high service levels that our partnership with CIT brings to our customer base.  CIT's sponsorship of our Green4Good organization not only enhances our relationship, but confirms that corporations like CIT are becoming increasingly aware of their social and environmental responsibilities."

Steve Byrne, Director of Green4Good, said, "The cost of removing equipment and ensuring complete and secure data wiping can be significant.  We eliminate the cost and the challenge and replace it with a solution and charitable donation."

Green4Good has numerous partnerships across Canada with companies that provide their decommissioned IT equipment. The program is growing at a rapid rate as companies continuously search for ways to efficiently dispose of these assets.

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About Green4Good
Green4Good is an IT asset re-use and recycling program under Compugen Finance Inc., a wholly owned subsidiary of Compugen Inc. The Green4Good program operates under the guidance of a volunteer Board of Advisors made up of IT and environmental industry leaders. It is supported by a large team of technical specialists working in the marketing, sales, configuration, logistics and warehousing of Compugen Finance in Richmond Hill and at other centers across Canada. green4good.ca

About CIT Canada
CIT Canada provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including: chemicals, communications, energy, entertainment, gaming, healthcare, industrials, public sector debt, information services and technology, restaurants, aerospace, retail, sports and media, and transportation and construction. It creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services. cit.com/canada

About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT's U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

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CIT MEDIA RELATIONS:
C. Curtis Ritter
Senior Vice President of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com

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