GOLDEN VALLEY, Minn., Aug. 6 /PRNewswire/ -- Sunrise International Leasing
Corporation, a wholly owned subsidiary of privately held King Capital Corp.,
today announced financial results for the second quarter and six months ended
June 30, 2001.
    For the second quarter revenue increased 39 percent to $52.4 million,
compared to $37.7 million for the prior-year period.  The company reported net
income of $3.2 million, versus $2.1 million for the comparable 2000 period.
    For the six months ended June 30, 2001, revenue increased 47 percent to
$103.3 million, from $70.2 million for the year-ago period.  Net income rose
90 percent to $6.7 million, from $3.5 million for the prior-year six months.

    Outlook
    For the full year, the company expects to exceed the $159.5 million in
revenue and $9.5 million in net income, after taxes, of the prior year,
despite the current economic slowdown and the substantial increase in reserves
needed to cover future anticipated portfolio losses.  Recent interest rate
decreases will have a favorable effect on company profitability as the costs
of the company's borrowings decrease and lease rates continue at fixed levels.
    "With the economic slowdown and Sunrise's excess borrowing capacity, the
company has been having discussions with new vendor leasing partners that
could lead to promising future opportunities," said Peter King, chief
executive officer of King Capital.

    About Sunrise International Leasing Corp
    Sunrise International Leasing Corporation was a public entity until it was
merged into The King Management Corporation in June of 2000.  Following the
merger, the resultant private company was renamed Sunrise International
Leasing Corporation.  All results for the prior periods are pro-forma and
assume that the merger was completed at the beginning of calendar 2000.

    About King Capital Corporation
    King Capital Corporation, established in 1975 and based in Golden Valley,
Minn., offers a wide range of leasing options to manufacturers, distributors
and resellers through its primary subsidiary, Sunrise International Leasing
Corporation and high availability software through H.A. Technical Solutions,
LLC.


                  SUNRISE INTERNATIONAL LEASING CORPORATION
                        CONDENSED STATEMENTS OF INCOME

                             Three Months Ended          6 Months Ended
                                  June 30,                   June 30,
                              2001         2000         2001          2000

    Revenues              $52,439,000  $37,665,000  $103,265,000  $70,182,000

    Cost and expenses      46,218,000   33,958,000    90,652,000   64,046,000

    Income before
     provision for
     income taxes           6,221,000    3,707,000    12,613,000    6,136,000

    Provision for
     income taxes           3,051,000    1,577,000     5,928,000    2,611,000

    Net Income             $3,170,000   $2,130,000    $6,685,000   $3,525,000

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