Prime Image Capital, LLC Expands Financing and Equipment Leasing Program for Media Industry30 June 2006
Prime Image, Inc., an innovative manufacturerand marketer of high quality, patented, corporate and digital broadcastsystems, today announced that its affiliate company, Prime Image Capital,LLC, has expanded its equipment financing and leasing program to includeall non-Prime products, in addition to Prime Image's own award winningPowered by Prime™ product family. Prime Image, Inc. and Prime Image Capital, LLC are both Harbor BusinessGroup companies. "The expansion of our equipment leasing program is ground breaking news forbroadcasters and the entire electronic media industry," commented PrimeImage CEO Peter Jegou. "We are seeing increased demand from the market, notonly for a cost effective method of leveraging cutting edge technology, butfor customized financing solutions and comprehensive leasing programs withthe support structure of an established company in their industry." Prime Image Capital Chairman J. Randall Williams added, "Opening ourleasing program to include non-Prime as well as Powered by Prime productsunderscores our commitment to the entire broadcast and media industries. Byproviding access to high quality, state-of-the-art, user-friendly corporateand industrial audio/video equipment, we can spur industry-wide growth andinnovation, while building the Powered by Prime brand and driving revenue." Prime Image Capital's equipment leasing program, tailored to meet the needsof growing media companies, is structured to provide flexibility and choiceas businesses look to expand operations and increase their audio/visualcontent creation, digital infrastructure, and transmission technology.Prime Image Capital offers fixed, step-up, skip, and deferred paymentalternatives on a variety of leasing programs, including: -- Rent-to-own-- Operating leases-- Sale/lease-back transactions-- Conditional sale leases In addition to its comprehensive equipment financing solutions, Prime ImageCapital provides flexible commercial financing products, includingstructured finance, project finance, debt restructuring, businessacquisition financing and bridge loans. About Prime Image Capital Prime Image Capital, LLC, a Harbor Business Group Company, provides a widevariety of leasing programs, debt and equity capital alternatives forgrowing media companies. For more information, please contact Marc Poznerat mpozner@primeimagecapital.com, or visit www.primeimagecapital.com. About Prime Image, Inc. Prime Image, Inc., a Harbor Business Group Company, is a leading providerof high quality, state-of-the-art broadcast, corporate, and industrialaudio/video equipment. The company designs, manufactures and sellstranscoding time base correctors, synchronizers, digital standardsconverters, audio delays, video delays, computer video products andpatented time-reduction/editing equipment currently utilized in producthouses and post-production facilities of industry giants including NBC,FOX, CNN, ABC, Sony, CBS, and more. For more information on Prime Image,please visit www.primeimageinc.com. About Harbor Business Group Harbor Business Group, LLC (HBG) is a private equity investment firmproviding early stage and emerging growth companies with investmentbanking, financing to drive growth, and strategic consulting. HBG isexploring possible acquisitions, business combinations, and joint venturesin the Broadcast Industry. HBG is looking for companies that possess strongmanagement and technical teams with deep industry knowledge, experience,and a history of developing market-leading products. Such companies need tobe poised to experience financial growth through beneficial operatingleverage, product line expansion and/or introduction of new distributionchannels. For more information, please contact Peter J. Jegou atpjegou@harborbusinessgroup.com or visit www.harborbusinessgroup.com. Investor Relations Contacts: Mark D. Tullio or Marty TullioMcCloud Communications, LLCTel: 949.553.9748Email ContactEmail Contact Media Relations Contact: Elizabeth FjeldheimVice President MarketingPrime Image, Inc.Tel: 408.867.6519, Ext 105Email Contact SOURCE: Prime Image, Inc.
Source: marketwire
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