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GE Capital Offers Low-Cost Leasing for ENCAD(R) Wide-Format Printer Customers.

PR Newswire

| November 22, 2000 | COPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Leasing Program Will Help Customers Manage Rapidly

Changing Technology with Flexible Financing

SAN DIEGO, Nov. 21 /PRNewswire/ --

ENCAD, Inc. (Nasdaq: ENCD), a world-wide leader of wide format color inkjet printers, has signed an agreement with GE Capital's Vendor Financial Services business to offer convenient financing options to customers under the ENCAD brand name in the United States. This agreement, currently available in the US only, is aimed at providing customers with maximum price and performance value in wide-format digital printing solutions.

"Leasing is becoming a preferred method of acquisition for wide-format printer users because it provides companies and users with the ability to manage both their finances and the product life cycle of their equipment," said Dean Richards, Vice President of Worldwide Sales of ENCAD Inc.

The new program allows customers to lease ENCAD's industry-leading wide-format printers along with other hardware, inks and media, software, and service. For each Lease Agreement, up to 50% of the hardware purchase price can be applied towards the financing of supplies. The program is being launched in conjunction with the newly released ENCAD NovaJet(R) 850.

"ENCAD is committed to helping small and medium sized businesses take full advantage of the best wide-format printer technology available today," said Terry Vandewarker, President and CEO of ENCAD, Inc. "Partnering with GE Capital, the world-class leader in office technology financing, is a strong statement about our commitment."

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Source: HighBeam Research, GE Capital Offers Low-Cost Leasing for ENCAD(R) Wide-Format Printer...

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