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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 -- 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 with competitive rates and promotions and no prepayment penalties.

Wood-Mizer manufactures two categories of sawmill 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 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 provider, because of their reputation in the Outdoor Power Equipment industry," said Jeff Laskowski, CEO 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, Africa, New Zealand and South America.

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 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: 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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Publication:Business Wire
Date:Oct 25, 2007
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