Panasonic Offering Wide Range Of Finance Solutions For Pro Video Products Resellers
Panasonic, Partners Equity Capital Co. Team to Provide Innovative Financial Solutions
(Secaucus, NJ) July 10, 2006 – Panasonic Broadcast announced an agreement with Partners Equity Capital Company (PECC) to provide innovative financing and leasing programs to business customers interested in acquiring Panasonic professional video equipment. The Panasonic Finance Solutions program is administered by PECC through Panasonic’s current professional video reseller network.
Panasonic Finance Solutions’ goal is to make acquisition of Panasonic pro video equipment easier and faster, while providing an array of finance solutions that will make the equipment more affordable with lease plans to match customers’ budgets and business plans.
“The desire among our professional video users, especially small businesses, to be able to lease equipment is quite great. Panasonic Finance Solutions will serve as a one-stop provider for our customers by not only offering the best professional video equipment, but also the most affordable way to acquire it,” said John Baisley, President of Panasonic Broadcast.
Many of Panasonic Finance Solutions’ products, including Budget Expansion Lease and Flex Rental, are specifically geared to meet the cash flow needs of growing businesses. A Budget Expansion Lease offers lower payments during the first year or two years of the term, allowing the customer to start generating revenue from use of the equipment without a cash strain or large initial cash outlay. A Budget Expansion Lease is also an affordable way for customers to acquire a more fully-featured model now that they’ll grow into as business needs change. A Flex Rental is the best plan for seasonal businesses, because it’s structured with payments that are up to 50% lower in slow months and higher when cash flow isn’t a problem.
“Besides affordability,” said John Baisley, “our customers will also appreciate the comprehensive benefits of equipment acquisition through Panasonic Finance Solutions, such as 100% cost coverage and technological obsolescence protection. For example, a Bundled Lease will provide one easy payment for 100% of the customer’s costs for Panasonic equipment, as well as peripheral equipment not necessarily manufactured by Panasonic, such as lenses, tripods, and accessories.”
Panasonic Finance Solutions’ leases can be structured to include service for the entire term, professional fees and other soft costs. And, any lease structure can ensure the ability to upgrade or add-on equipment as needed to ensure the customer has access to the latest technology to maximize creativity, flexibility and productivity.
Panasonic Finance Solutions will also enhance the sales process for dealers and resellers by allowing them to offer these products to their customers. For companies who keep demos or a rental inventory, lease programs are a great way to get the equipment they need to earn income without tying up their existing credit lines.
Steve Grosso, PECC’s President and Chief Operating Officer, said Panasonic pro video customers can expect the same high performance and quality from his company’s finance program as they’ve come to expect from their advanced equipment. “The relationship with Panasonic Broadcast exemplifies our commitment to work with premier brands, as well as Panasonic’s commitment to provide total solutions for end users and sales opportunities for its distribution channels. We are proud to work with the leader in the pro video industry.”
Video industry businesses can count on Panasonic Finance Solutions to put together the most beneficial finance plans for pro video and broadcast equipment acquisition for 24, 36 48 or 60 months. For more information on Panasonic Financial Solutions’ products, call 1-800-373-6304.
About Panasonic Broadcast
Panasonic Broadcast & Televisions Systems Co. is a supplier of broadcast and professional video products and systems. Panasonic Broadcast is a unit company of Panasonic Corporation of North America. The company is the North American headquarters of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) of Japan, and the hub of its U.S. marketing, sales, service and R&D operations. For more information on Panasonic Broadcast products, access the company’s web site at www.panasonic.com/broadcast.
About Partners Equity Capital Company
Partners Equity Capital Company, LLC (PECC), headquartered in Horsham, PA, is one of the fastest growing commercial equipment leasing finance companies in the United States. PECC specializes in designing and implementing private-label leasing programs to meet the needs of equipment manufacturers in the technology and healthcare business segments, as well as commercial banks.
PECC has developed a partner strategy built on service, quality and growth and is committed to building lasting partner relationships. The company provides solutions-based financing for its partners and their customers that is supported by a national sales organization and highly targeted marketing efforts geared to producing increased equipment sales. For information about Partners Equity Capital Company or PECC products or services, visit the PECC website: www.partnersequity.com.
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