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Thursday, March 15, 2012

News Release from GE Capital

15 March 2012
GE Capital Retail Bank and The Tile Shop Renew Consumer Financing Program

National Tile Retailer Extends Financing Program through its 57 U.S. Locations and Online Store

KETTERING, OHIO and PLYMOUTH, MINN. – March 15, 2012 – GE Capital Retail Bank and national tile retailer, The Tile Shop, announced today a multi-year extension of their credit card program, which originated in 2009. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help build their customer sales, will continue to manage The Tile Shop relationship and service the account.

Under the agreement, GE Capital will offer The Tile Shop credit card as part of its Home DesignSM program through the retailer’s 57 stores and for online purchases at www.tileshop.com. Special financing options are available for any type of installation product or service, including one-of-a-kind accent tiles, stone, marble, design, tools and accessories.

“Our focus is to provide our customers with the products and resources to transform their homes, including flexible payment options,” said Carl Randazzo, national sales manager for The Tile Shop. “GE Capital shares our commitment to a great customer experience and continues to bring their decades of expertise to help us build loyalty and satisfaction.”

The Tile Shop is known for being at the forefront of the do-it-yourself industry, and offers customers design guidance, extensive product knowledge, and thousands of stone and tile products for almost any home application project.

“We are proud to continue working with The Tile Shop to deliver value to their business and support their stores in building relationships with their customers,” said Steve Roe, general manager, flooring for GE Capital’s Retail Finance business. “Our objective is to offer their customers payment options that enable them to accomplish larger home projects to improve and enjoy their spaces.”

For more than 75 years, GE Capital’s Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. GE Capital is a leading provider of consumer credit in the Flooring and Home Improvement industries and supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as the newly launched Learning Center, providing businesses with fast and easy access to training tools and resources on how to better understand and offer financing to consumers.

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