PRZOOM - /newswire/ -
Hoffman Estates, IL, United States, 2010/09/09 - GE Capital, Americas is providing inventory and working capital financing to resellers that want to acquire products from KBZ Communications, Inc. of Doylestown, PA (NASDAQ: CSCO) (NYSE: GE). NYSE: GE
GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with KBZ Communications, Inc. to provide inventory and working capital financing to resellers that want to acquire KBZ products, including Tandberg telepresence and video equipment.
As a business that will lend more than $25 billion to 36,000 companies across North America this year, GE Capital is well positioned to provide the flexible financing terms that match the technology industry’s growth cycle. CDF provides financing to manufacturers and their resellers in the form of inventory and accounts receivable financing as well as asset-based lending, private label financing, collateral management, e-commerce services and related financial products.
"KBZ recognizes GE Capital’s legacy in the tech industry and its expertise in the inventory financing space,” said Kyle Zorzi, Vice President of Sales and Operations for KBZ, based in Doylestown, PA. “We’re glad to offer this new arrangement to our resellers. And we’re confident that GE Capital will deliver innovative financing programs to help them grow their businesses."
“This new relationship clearly demonstrates our commitment to delivering a variety of options to resellers of voice, data and video installations across all industries,” said Mike Marcolina, National Sales Director of GE Capital, Americas. “We look forward to working with KBZ and its reseller network to support smart growth for the industry.”
About KBZ Communications
KBZ Communications, Inc. (kbz.com) is the primary U.S. distributor of TANDBERG, a global leader in video communication solutions, and now a part of Cisco Systems, Inc. (NASDAQ: CSCO). As TANDBERG's Channel Development Partner (CDP), KBZ provides Channel Partners with award-winning sales, marketing and technical support, TANDBERG certification, Federal Specialization training and value-added services and programs like Zcare Premiere, and Zpro Installation & Advanced Services. KBZ maintains hundreds of U.S.-based video partners who serve the federal, financial, education, healthcare, legal and first responder markets worldwide. KBZ has been TANDBERG’s Channel Development Partner of the Year since 2005.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. For more information, visit americas.gecapital.com/.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. For more information, visit the website or follow company news via Twitter (@GECapital).
GE (ge.com) 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.
Mark Chesney - GE Capital, Commercial Distribution Finance
P: +1 847 747 6518 / M: +1 847 544 9362 / E: Mark.Chesney1[.]ge.com.