Global Imaging Systems and GE Extend Strategic Alliance
February 06 2007 - 7:44AM
PR Newswire (US)
Amended Leasing Program Provides More Flexible Terms to Global
Customers TAMPA, Fla., Feb. 6 /PRNewswire/ -- Global Imaging
Systems, Inc. (NASDAQ:GISX) announced today that it has renewed its
eight-year-old strategic alliance with GE Capital Solutions,
extending the leasing program through October 2009. The program,
which was initiated in 1999, provides a full range of financing and
leasing options for Global's customers. Global Imaging President
and Chief Operating Officer Michael Shea said, "GE and Global have
enjoyed a long-standing, mutually beneficial relationship. We know
from experience that GE Capital Solutions' market leadership,
financial resources and prompt execution of our transactions serve
our customers well." He added, "Nearly 90 percent of new copiers
and multifunction products (MFPs) placed in service by Global are
leased. That's why it was important to put in place this renewed
agreement, which makes Global even more competitive in our
marketplace." "GE Capital Solutions is committed to helping Global
and its operating companies grow and service their business," said
Glen Clark, Vice President and General Manager, GE Capital
Solutions' Office Imaging business. "This renewed alliance allows
our two companies, each with its core competencies, to deliver what
the marketplace demands: the latest office technology equipment,
competitive financing and outstanding service." About Global
Imaging Systems Global Imaging Systems offers thousands of
middle-market customers a one- stop shop for office technology
solutions in 32 states and the District of Columbia. The company
provides a broad line of office technology solutions including the
sale and service of automated office equipment, network integration
services, and electronic presentation systems. The company is also
a disciplined, profitable consolidator in the highly fragmented
office technology solutions industry. About GE Capital Solutions GE
Capital Solutions (http://www.ge.com/capitalsolutions) provides
leasing, lending and capital investment products and services to
help business customers grow. It has over $90 billion in assets,
serves more than a million clients around the world and is
headquartered in Danbury, Connecticut, USA. This news release
contains forward-looking statements and statements based on
forward-looking information, including statements relating to
Global's future revenue growth and future market share. These
statements are based on numerous assumptions and are subject to
uncertainties and risks, which could cause Global's results to
differ materially. Most of these risks are discussed in more detail
under the caption "Risk Factors" in Global's annual report on Form
10-K for the year ended March 31, 2006. DATASOURCE: Global Imaging
Systems, Inc. CONTACT: Michael Shea, President and COO, of Global
Imaging Systems, Inc., +1-813-960-5508; or Investor Relations
Consultants, Inc., +1-727-781-5577, or Web site:
http://www.ge.com/capitalsolutions
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