| The two GE business units today announced a multi-year agreement to provide revolving consumer credit through dealers who sell home security products and technology manufactured by GE Security. The GE Connected Home Finance credit program will be available for residential products, including basic alarm systems and smoke detectors to remote look-in video capabilities and completely wireless system connections. “This financing program helps make it affordable and easy for home owners to not compromise the security of one of their greatest investments,” said Gary Slagle, vice president of GE Money’s Home Utility division. “We are proud to have this opportunity to work with another GE division and to support their dealers in extending financing to their customers that safeguards their home.” “Our dealers will see this financing solution as a valuable tool for their business growth and their customers,” said Jeff Wilson, vertical market manager of GE Security. “Home security technology continues to evolve and we needed a credit program to keep pace with these changes and our customers’ requirements. GE’s strong reputation in consumer financing, combined with the range of payment options, makes this a great collaboration.” The GE Connected Home Finance credit program will include dealers marketing support, special promotional financing options, quick and easy application and sales processes, and competitive rates. GE Security dealers can apply for the GE Connected Home Finance credit program through their GE Security representative. GE Money will service the credit card program from its Rapid City, S.D., facility. About GE Security GE Security, a unit of GE Infrastructure, is a wholly owned subsidiary of the General Electric Company (NYSE: GE) focused on communication and information technologies for security, safety and lifestyle enhancements. GE Security has operations in more than 30 countries and is represented by some of the best-known brand names for intrusion and fire detection, access and building control, video surveillance, explosive and drug detection, key management and, structured wiring. GE Security’s mission is to be the world’s premier security company, offering innovative technology solutions to help our customers protect people, assets and communities. About GE Money Retail Sales Finance, based in Kettering, Ohio, is part of GE Money, formerly GE Consumer Finance, and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in more than 20 industries including: powersports, home improvement, outdoor equipment, automotive, recreational vehicles, consumer electronics and appliances, furniture, floor covering, music, 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 online at www.gemoney.com. GE (NYSE: 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. ©2006 General Electric Company, All rights reserved. |
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