STAMFORD,
Conn.--(BUSINESS WIRE)--Jan. 11, 2001
GE Capital announced
today a marketing agreement with Point2 Technologies heavy
equipment marketplace at Point2.com (http://www.point2.com).
GE Capital, the financial services unit of General Electric
Company will serve as Point2's exclusive financing provider.
Under the alliance, Point2.com's 6,000 daily users will have
access to the diverse array of financial products and services
offered by seven GE Capital businesses through GE Trucking
(http://www.getrucking.com)
and GE CFO Solutions (http://www.gecfo.com)
- GE's newest finance portals.
By forging this alliance with Point2 we're providing their
customers, buyers, dealers and manufacturers of heavy equipment
with access to flexible financial solutions,'' says Steve
Poole, General Manager of GE Capital's B2B Portal Initiative.
``Users simply enter a few pieces of information and our configurators
do all the work - matching their needs with viable financing
options.''
GETrucking.com was launched in October and offers a comprehensive
selection of financial and service solutions for companies'
transportation needs. GECFO.com was launched in November and
helps busy CFO and financial executives find financial products,
services, research and information.
Founded in 1996, Point2 Technologies has quickly become a
leading heavy equipment marketplace on the Internet. Point2
was recently named the #1 e-business in Canada by a Bain and
Company study sponsored by Canada's national newspaper, The
Globe and Mail. Point2 designs proprietary, patent-pending
Internet software for heavy equipment manufacturers such as
Caterpillar, John Deere, Komatsu, Case, Hitachi and Volvo.
Over 70 global heavy equipment companies at more than 350
branch locations across North America and Europe, rely on
Point2 software to power their e-business.
GE Capital, with assets of more than US$345 billion, is a
global, diversified financial services company with 28 specialized
businesses. A wholly-owned subsidiary of General Electric
Company, GE Capital, based in Stamford, CT, provides equipment
management, mid-market and specialized financing, specialty
insurance and a variety of consumer services, such as car
leasing, and credit cards, to businesses and individuals around
the world. GE is a diversified services, technology and manufacturing
company with operations worldwide.
Contact:
GE Capital, Stamford
Marcy Brucellaria, 203/961-2281
marcy.brucellaria@gecapital.com