ST. PAUL, Minn.--(BUSINESS WIRE)--June 6, 2005--The Retail Sales Finance unit of GE Consumer Finance announced today that it has signed a multi-year agreement with ETON America, LLC, for a new consumer credit card program. ETON is a leading manufacturer of all-terrain vehicles (ATVs) and scooters.
The new ETON consumer finance program will be available through qualified ETON dealers. ETON currently has 600-plus authorized dealers in the United States.
CHICAGO--(BUSINESS WIRE)--June 6, 2005--GE Commercial Finance Corporate Lending today named Richard (Rich) Rodgers as Managing Director for its Central Region. He will be responsible for developing origination opportunities and serving existing clients throughout eighteen midwestern states and Canada.
ST. PAUL, Minn.--(BUSINESS WIRE)--June 2, 2005--The Retail Sales Finance unit of GE Consumer Finance has announced the signing of a multi-year agreement to provide a consumer financing program with several Lennox International businesses, including Armstrong Air Conditioning Inc., Excel Comfort Systems, Lennox Hearth Products Inc., Lennox Industries Inc., and Service Experts, Inc.
STAMFORD, Conn.--(BUSINESS WIRE)--June 2, 2005--GE Commercial Finance Energy Financial Services and Locin Oil Corporation announced today the acquisition of 96 billion cubic feet (Bcf) of net proved gas reserves for approximately $147 million. The properties were acquired from Equitable Production Company and include approximately 1200 wells in Pennsylvania and Ohio. In addition, a total of over 220 proven and probable, low risk, undeveloped drilling locations have been identified in the fields.
STAMFORD, Conn.--(BUSINESS WIRE)--June 2, 2005--GE Commercial Finance Energy Financial Services and Locin Oil Corporation announced today the acquisition of 96 billion cubic feet (Bcf) of net proved gas reserves for approximately $147 million. The properties were acquired from Equitable Production Company and include approximately 1200 wells in Pennsylvania and Ohio. In addition, a total of over 220 proven and probable, low risk, undeveloped drilling locations have been identified in the fields.
SALT LAKE CITY--(BUSINESS WIRE)--June 1, 2005--GE's Corporate Payment Services unit has secured a U.S. patent covering aspects of the account pool feature of its vPayment electronic settlement tool. It is the third and latest patent associated with vPayment, a payment automation tool that integrates with corporate procurement and Accounts Payable (AP) systems and processes.
Decreased paper use - in the accounting office, that is - can equate to better cash flow. How much better? Try an average of 15 days per month with the help of an electronic settlement tool from GE called vPayment.
"Using this type of electronic settlement tool, we can more precisely forecast and manage cash flow," said Sean Wille, Hallmark Cards Disbursements Manager. "In addition, our vendors may receive improved and more predictable cash flow as well."
NORWALK, Conn.--(BUSINESS WIRE)--June 1, 2005--GE Commercial Finance, Commercial & Industrial Finance (CIF) today announced the appointment of Deepak Ghosh as Industry Leader for the chemicals market.
In his new role, Ghosh will be responsible for driving organic growth in chemicals and allied industries, where CIF has successfully invested more than $1 billion through senior debt and structured product transactions. Ghosh will report to Craig Reynolds, Senior Managing Director, CIF.
DAYTON, Ohio--(BUSINESS WIRE)--May 25, 2005--Bass Pro Shops, North America's Great Outdoor Store, will introduce a new consumer credit card in cooperation with GE Consumer Finance's Retail Sales Finance unit. The new card will debut this weekend at the "Ultimate Outdoor Expo" at Bass Pro Shops Outdoor World in Grapevine, Texas.
NORWALK, Conn.--(BUSINESS WIRE)--May 25, 2005--GE Commercial Finance today announced that it has named four executives to its Global Media & Communications origination team. Mark Huang has been appointed senior vice president, Technology Lending; Eitan Milstein has been named senior vice president for the Special Situations team; and Kevin Khanna and Robert Malone will serve as vice presidents, focusing on the entertainment and media sectors respectively.
