Dayton-Springfield, OH (1888PressRelease)
July 20, 2010 - GE Money, the consumer lending Unit of General Electric Company (NYSE:GE - News), and Sam Ash Music Corporation today announced a multi-year agreement to offer consumer financing. The Sam Ash Card enables musicians of all experience levels to finance purchases from Sam Ash's line of products, including musical instruments, music software and sound and recording equipment. The program is managed by GE Money's Sales Finance Unit, which provides billions of dollars of consumer financing through more than 145,000 small and medium businesses on Main Streets across the United States. Customers can use their card at any Sam Ash location or online at www.samash.com.
"We look forward to our partnership with GE Money and are eager to share the possibilities of this program with our customers," said Stu Leibowitz, executive vice president and chief financial officer for Sam Ash Music. "We encourage a love of music to new musicians and professionals alike, and now we can offer them a choice of payment solutions that meet their budgetary considerations as well."
"Sam Ash Music is dedicated to providing an outstanding customer experience and we're proud to be a part of their future growth plans." said Dennis Murphy, vice president of sales for GE Money. "It's never been more important to provide customers with purchase options to help them make their dreams a reality. We believe our program is a key part of that value proposition."
About Sam Ash Music Corporation
Established in 1924, Sam Ash Music operates 45 stores nationwide, offering the most complete selection of musical instruments and accessories at discount prices, a goal established by our founder and proudly continued by his family today.
About GE Money
GE Money's Sales Finance Unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE), which has extended more than $146 billion of credit to some 50 million consumers in the U.S. since January 2008. Visit GE Capital: Advertising to learn more about GE Capital's role in the American renewal.
GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com, twitter.com/GEMoneyUS, www.gecapital.com and twitter.com/gecapital.
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com, www.gereports.com and twitter.com/ge_reports.
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