April 2008
Panasonic Offering Wide Range Of Finance Solutions For Business Telephone Customers and Resellers
Panasonic Business Telephone Systems and CoActiv Capital Partners Team to Provide Innovative Financial Solutions
(Secaucus, NJ) April 30, 2008—Panasonic Communications Solutions Group, manufacturer of Converged IP PBX systems, today announced an agreement with CoActiv Capital Partners (CoActiv) to provide innovative financing and leasing programs to business customers interested in acquiring Panasonic’s expandable, flexible and versatile telephone systems. The Panasonic Finance Solutions program is administered by CoActiv through Panasonic’s current dealer network.
Panasonic Finance Solutions’ goal is to make acquisition of Panasonic business telephone systems easier and faster, while providing an array of finance solutions that will make the equipment more affordable, through customized lease plans to match customers’ budgets and business plans.
“We’re extremely excited to announce Panasonic Finance Solutions, provided by CoActiv Capital Partners, said Mr. Rick Elliott, Group Manager for Panasonic Business Telephone Systems. The program enables dealers to provide a total solution that includes Panasonic telephone technology, and an affordable acquisition method. Plus, they gain a competitive advantage from unique financial products designed to give customers the flexibility they need to acquire now.”
Mr. David Gerrard, Vice President & General Manager for CoActiv’s Technology Group also commented. “Panasonic Finance Solutions will also enhance the sales process for dealers through special financing promotions, such as the current 0%Financing/0 Down promotion running for KX-TDA, KX-TDE and KX-NT366 series systems as well as all Panasonic IP cameras. Both dealers and customers can count on quality, responsive service and access to a full suite of standard and customized finance products, including Municipal leases for state and local government applications.”
About CoActiv Capital Partners
CoActiv Capital Partners, headquartered in Horsham, PA, is one of the fastest growing commercial equipment leasing finance companies in the United States. CoActiv specializes in designing and implementing private-label leasing programs to meet the needs of equipment manufacturers in the technology, construction/industrial, and healthcare business segments, as well as for commercial banks. CoActiv Capital Partners is part of Marubeni America Corporation (MAC), the largest overseas subsidiary of Marubeni Corporation of Japan. MAC is headquartered in New York City, with 53 branches & offices and 23 subsidiaries with 64 offices for a total of 117 offices worldwide, and has access to the network of Marubeni Group offices and associated companies worldwide.
Marubeni America Corporation is located at 450 Lexington Avenue, New York, NY 10017. CoActiv Capital Partners’ headquarters is located at 655 Business Center Drive in Horsham, Pennsylvania. For more information, call Kathy Juliano at 267-960-4052.
About Panasonic Consumer Electronics Company
Based in Secaucus, N.J., Panasonic Consumer Electronics Company is a Division of Panasonic Corporation of North America, the principal North American subsidiary of Matsushita Electric Industrial Co. Ltd. (NYSE: MC) and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. Information about Panasonic products is available at www.panasonic.com. Additional company information for journalists is available at www.panasonic.com/pressroom.