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GE Money and Wood-Mizer Cut New Deal for Financing.



Wood-Mizer to Offer New Payment Option on Wood-Mizer Sawmills and Lastec Rotary Mower Purchases

KETTERING, Ohio Kettering is a city in Greene and Montgomery Counties in the U.S. state of Ohio. It is a suburb of nearby Dayton. As of the 2000 census, the city had a total population of 57,502. The city incorporated in 1955 from the former Van Buren Township and is named for inventor Charles F.  -- GE Money and Wood-Mizer, a manufacturer of portable saw mills, today announced a multi-year agreement to provide revolving and installment financing through the Cutting Edge program, managed by GE Money's Sales Finance unit. The financing programs will be offered for Wood-Mizer's line of sawmills and Lastec articulating rotary mowers at more than 75 dealers nationwide. Both credit options provide a simple application and sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation.  with competitive rates and promotions and no prepayment penalties.

Wood-Mizer manufactures two categories of sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which  types, all of which are either manual or hydraulic. Manual sawmills are ideal tools for wood enthusiasts who cut lumber for enjoyment or for occasional special projects. Hydraulic mills are best for custom cutting and for successful wood cutting operations. One key element that sets Wood-Mizer apart is its patented monorail monorail, railway system that uses cars that run on a single rail. Typically the rail is run overhead and the cars are either suspended from it or run above it.  construction and cutting system, which is reliable and safe.

"We are excited to partner with Wood-Mizer in offering the Cutting Edge finance program to their customers and Lastec dealers," said Gary Slagle, vice president and general manager of the Outdoor Power Equipment industry for GE Money - Sales Finance. "Wood-Mizer & Lastec dealers will have a more simplified means to process applications, run reports and implement sales promotions while purchasers will have a more convenient and cost effective way to buy the sawmill or mowers they need."

"GE Money was a natural choice as a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 provider, because of their reputation in the Outdoor Power Equipment industry," said Jeff Laskowski, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Wood-Mizer. "Their financing products, technology and superior customer care also factored into our decision to offer the Cutting Edge program."

About Wood-Mizer

Wood-Mizer is the leading manufacturer of portable band sawmills and offers an extensive line of mills covering a wide range of cutting capabilities. From its headquarters in Indianapolis, the company runs four U.S. branch offices, seven authorized sales centers in the U.S., five offices in Canada, a manufacturing facility in Poland and numerous sales locations throughout eastern and western Europe Western Europe

The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO).
, Africa, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland.  and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. .

For more information about Wood-Mizer Products or for a demonstration, call 1.800.553.0182 or visit www.woodmizer.com.

Lastec, Wood-Mizer's sister company, has been manufacturing articulating rotary mowers for the golf and turf industry for over 15 years. Their mowers are used to cut the roughs in more than one in four of the world's top 100 PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used.

(2) (Programmable Gate Array) See gate array and FPGA.
 golf courses. Lastec has recently expanded its product line to include gas and diesel powered commercial zero turn models that cut from 61" to over 100" wide. Lastec mowers are manufactured just outside of Indianapolis and are sold through a worldwide network of dealers. For information about the product line or to find a dealer nearest you, call (800)515-6798, or visit them at www.lastec.com.

About GE Money

With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE NYSE

See: New York Stock Exchange
: 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 Noun 1. sporting goods - sports equipment sold as a commodity
commodity, trade good, good - articles of commerce

sports equipment - equipment needed to participate in a particular sport
, 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.

(c)2007 General Electric Company, All rights reserved.
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Publication:Business Wire
Date:Oct 25, 2007
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