KETTERING, Ohio & NASHVILLE, Tenn. - (Business Wire) GE Money, the consumer lending unit of General Electric Company (NYSE:GE - News), and home cleaning industry leader Oreck Corporation today announced an agreement for a new consumer financing program. The Oreck Power Card is part of the GE Money Home DesignSM revolving credit program, and enables consumers to enjoy affordable monthly payments, special promotional financing options and online account management. The card is managed by GE Money’s Sales Finance unit, which provides billions of dollars of consumer financing through more than 145,000 small and medium businesses on Main Streets across the United States. “Oreck offers a variety of products that can be financed with the Oreck Power Card, such as upright vacuums utilizing ultraviolet germ-killing technology and air purifiers with Helios Shield technology, to help our customers give their home a healthier clean,” said Richard J. Krainak, credit director for Oreck. “We’re pleased to partner with GE Money on a financing program that helps homeowners breathe easier when it comes to cleaning their home and staying within their monthly budgets.” The Oreck Power Card will be available through 450 Oreck Clean Home Centers as well through its online store, www.oreck.com.
“Oreck is synonymous with powerful and convenient cleaning,” said Lou Pagliarini, vice president of sales, GE Money – Sales Finance. “The Oreck Power Card extends that same level of control and ease towards financing these great products.”
About Oreck
Headquartered in Nashville, Tenn., Oreck Corporation is a leading manufacturer, distributor and retailer in the home cleaning industry, offering a variety of vacuum, air purification, and other cleaning products. Oreck sells its products through approximately 450 Oreck Clean Home Centers, as well as through phone and online direct sales. The company distributes products in the U.S., Canada and parts of Europe. For more information, please visit www.oreck.com.
About GE Money
GE Money’s Sales Finance unit, based in Kettering, Ohio, is a part of General Electric Company’s GE Capital division, (NYSE: GE). GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com.
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at www.ge.com.
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For GE Money:
Cristy Williams, 678-518-2596
cristy.williams@ge.com
