from a Panasonic press release
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(Secaucus, NJ) July 10, 2006 Panasonic Broadcast announced an agreement with Partners Equity
Capital Company 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 Panasonics 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 theyll grow into as business needs change. A Flex Rental is
the best plan for seasonal businesses, because its structured with payments that are up to 50%
lower in slow months and higher when cash flow isnt a problem.
Steve Grosso, PECCs President and Chief Operating Officer, said Panasonic pro video customers
can expect the same high performance and quality from his companys finance program as theyve
come to expect from their advanced equipment. "The relationship with Panasonic Broadcast
exemplifies our commitment to work with premier brands, as well as Panasonics 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.
