Videojet Introduces Flexible Financing Options
WOOD DALE, IL—March 11, 2009—Convenient financing options now available from Videojet Technologies Inc. can help manufacturers, commercial printers, converters and co-packers obtain the latest coding and printing technologies during challenging economic times — even when capital equipment budgets and cash flow availability are tight. Videojet has selected Direct Capital Corp. as its preferred equipment leasing provider for competitive rates and flexible payment options that fit operating budgets for coding and printing solutions in a variety of industries, such as food and beverage, pharmaceutical, consumer packaged goods, commercial printing and more.
“Facing tight capital equipment budgets and cash constraints, companies are asking for options like leasing programs to secure new equipment,” says Adrián Fernández, vice president of marketing for Videojet. “Videojet’s financing programs allow companies to obtain 100 percent financing for the purchase amount of new equipment through a streamlined approval process, helping them keep bank credit lines open for other business expenses and even realize potential tax advantages.”
“Videojet’s selection of Direct Capital is another strong endorsement of our innovative finance platform for equipment vendors,” said Steve Lankler, vice president of business development for Direct Capital. “In this challenging economic environment, it is important that market-leading companies like Videojet and Direct Capital partner to deliver solutions that make it easier for businesses to acquire the products and capital they clearly need to thrive and succeed. We are proud that Videojet has selected Direct Capital and, together, we will deliver a world-class financing program.”
Direct Capital is an ideal partner for Videojet and its distributors nationwide because of the company’s ability to service a broad range of credit risks and focus on initiatives that stimulate new sales for its partners. Direct Capital plans to utilize the recent addition of a $100 million securitization to expand its funding capacity for businesses across the United States. These capabilities have become increasingly appealing for businesses due to the current economic conditions that many are facing.
For more information about financing options from Videojet, call 800-843-3610 or visit www.videojet.com.
About Videojet Technologies
Videojet Technologies Inc. is a world-leading manufacturer of coding, printing and laser marking products, fluids, and accessories for the product identification industry. As experts in continuous ink jet (CIJ), drop-on-demand (DOD), thermal transfer overprinting (TTO), array, and laser technologies, Videojet has over 275,000 units installed worldwide. Sales, service, training, administrative and application support is provided by direct operations worldwide, including Austria, Brazil, Canada, Chile, China, France, Germany, India, Ireland, Japan, Korea, the Netherlands, Poland, Portugal, Russia, Singapore, Spain, Switzerland, Turkey and the United Kingdom, with more than 250 direct sales and service personnel in the United States alone. Videojet’s distribution network includes over 175 distributors and OEMs, serving 135 countries.
Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risk and uncertainties. These include economic and currency conditions, market demand, pricing and competitive and technology factors, among others, as set forth in Danaher Company’s SEC filings.
About Direct Capital
Established in 1993, Direct Capital is the 8th largest independent equipment leasing and finance company in the United States, according to Monitor. The company provides specialty finance solutions, including capital equipment leasing, commercial loans, and merchant cash advances. Direct Capital markets its services through relationships with businesses and through partnerships with vendors, dealers, and manufacturers of capital equipment. Superb execution on its unique delivery model is the cornerstone of Direct Capital’s success in an increasingly commoditized financial services industry. Direct Capital is headquartered in Portsmouth, NH, and operates offices in New York, Chicago, Atlanta, Detroit and New London, NH.
