

GE Money and Landa Cleaning Systems Offer New Financing Program
LANDA DEALERS NOW OFFERING REVOLVING PAYMENT OPTION ON PURCHASES
ST PAUL, MINN. -- October 3, 2007 – GE Money and Landa Cleaning Systems, the largest manufacturer of industrial pressure washers and parts washers in North America, today announced a multi-year agreement to provide revolving financing through GE Money’s Sales Finance unit’s Cutting Edge program. The revolving credit program provides a quick, easy application and sales process with competitive rates and promotions and no prepayment penalties on the purchase of Landa’s line of pressure washers and parts, accessories and cleaning supplies at Landa’s 120 dealers nationwide.
Largely used in industrial and manufacturing environments, pressure washers direct a high-pressure stream or jet of water against a surface to clean, descale, degrease or prepare a surface. Pressure washers may use either cold water or hot water and steam to perform their function, and the water is often mixed with various cleansers, detergents or solvents.
“The Cutting Edge installment finance program is an excellent option for larger ticket purchases, such as high pressure cleaning equipment,” said Gary Slagle, vice president and general manager of the Outdoor Power Equipment industry for GE Money - Sales Finance. “The application process is fast, and allows customers to fit payments into their monthly budgets.”
The program offers convenient financing options with competitive rates and promotions. In addition, GE Money’s proprietary AdvanceDesk technology solution enables 24/7 access to an online application system. The Internet-based portal allows dealers to enter and process credit applications, receive quick application decisions online, run sales, view reports and provide tools needed to run financing programs quickly and efficiently such as current promotional offers.
“We’re pleased to partner with GE Money and provide a convenient financing solution,” said David Faber, Vice President and General Manager for Landa Cleaning Systems. “GE’s expertise in financing programs, backed by strong innovation and technology, makes the Cutting Edge program a perfect fit for our dealers and customers.”
About Landa Cleaning Systems
Landa is the premier brand of industrial pressure washers with the largest network of independent dealers in North America. The quality of Landa's pressure washer line is the result of more than 35 years of experience, focusing on every detail of a pressure washer from their top of the line Landa pump - backed by their 7-year warranty - to their ultra-efficient horizontal coil. Landa offers a full line of pressure washer detergents specially formulated for use with high-pressure cleaning equipment.
About GE Money
With more than $190 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 more than 55 countries around the world. GE Money, based in Stamford, Conn., 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 Money’s Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers, dealers, manufacturers and service providers in more than 20 industries including: outdoor power equipment, home improvement, sporting goods, powersports, automotive, recreational vehicles, consumer electronics and appliances, furniture, floor covering, marine, music, jewelry, and health care.
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.
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