ST. PAUL, Minn.--(BUSINESS WIRE)--July 18, 2006--
Consumer Finance Unit Supports GE Manufacturing Unit
GE Money's Retail Sales Finance unit today announced a multi-year agreement to provide revolving consumer credit to retailers who sell water treatment products manufactured by GE Water & Process Technologies. The financing will be offered through GE Money's industry-wide AquaVantage program.
GE Water & Process Technologies manufactures water treatment systems for commercial and residential use. Its products are designed to provide better water while protecting customer water systems from corrosion, fouling and scaling.
"Our retailers have been looking for a consumer financing tool that will help them grow their business," said Tom Leunig, Marketing Programs Manager for GE Water & Process Technologies. "After reviewing options, we found the best solution in one of our own GE divisions. GE Money's AquaVantage program already has a trusted presence in the water treatment industry, and it makes perfect sense for us to offer the card to our dealers."
The AquaVantage Card is used by thousands of retailers nationwide for financing water treatment systems. Under the new agreement, GE Money will make the new AquaVantage Platinum Dealer Card available to independent dealers who make up the Platinum Dealer Network of retailers who sell GE Water & Process Technologies water treatment products.
"The AquaVantage Card is a proven financing program for a variety of water industries," said Gary Slagle, Vice President of GE Money's Home Utility division. "This joint opportunity to work with another GE division and support their great products and their customers and dealers is an exciting step for us."
GE Water & Process Technology dealers can apply for the financing program online or through GE Money's National Sales division. GE Money will service the AquaVantage Platinum Dealer Card through its Rapid City, S.D., facility.
About GE Water & Process Technologies, Inc.
GE Water & Process Technologies, a unit of GE Infrastructure, is a leading global supplier of water treatment, wastewater treatment and process systems solutions. The mission of GE Water & Process Technologies is to be the world's best supplier of engineered chemical and mechanical treatment programs for water and process systems. We continuously strive to offer the highest quality people, products and services at prices commensurate with value, and to meet the needs of our customers in a highly responsive manner. We work with our customers in strong and long-lasting relationships built on trust and centered around a mutual interest in quality, productivity and profitability.
About Retail Sales Finance and GE Money
Retail Sales Finance, based in Kettering, Ohio, is part of GE Money and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in key industries: powersports, home improvement, outdoor equipment, automotive, recreational vehicles, consumer electronics and appliances, furniture, floor covering, jewelry, and health care. With $163 billion in assets, GE Money, a unit of General Electric Company (NYSE: GE), is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Money, based in Stamford, Connecticut, offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found at www.gemoney.com.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
(C)2006 General Electric Company, All rights reserved.
Contacts
GE Money
Cristy Williams, 678-518-2596
[email protected]
or
GE Water & Process Technologies
Tom Leunig, 262-518-4285
[email protected]
General Contact Information
GE Corporate
[email protected]
1-203-373-2039