GE Capital Retail Bank and ShopNBC Announce Renewal of Consumer Credit Card …

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STAMFORD, Conn. and EDEN PRARIE, Minn., Jan 27, 2012 (BUSINESS WIRE) –
GE Capital Retail Bank, a consumer lending section of General Electric
Company ,
and ShopNBC, a multichannel electronic tradesman reaching 80 million
wire and satellite homes, announced currently a renovation of a multi-year
agreement to continue providing a ShopNBC consumer credit tag program
to their customers.

ShopNBC offers business a singular accumulation of must-have products,
ominous guest experts and interesting calm opposite TV, Internet,
amicable and mobile platforms. GE Capital Retail Bank and ShopNBC
primarily launched a credit tag module in 2006. Since the
introduction, a series of enhancements have been implemented providing
ShopNBC comment holders combined benefits, including giveaway shipping
promotions, stretchable remuneration options and deferred seductiveness durations for
subordinate purchases.

“We are gratified with a renovation of a consumer credit tag program,”
pronounced ShopNBC EVP CFO Bill McGrath. “GE Capital Retail Bank has a
clever bargain of a business, that has helped to figure the
module over a final 6 years. They have been a good partner in
assisting yield a business an engaging, shop-with-confidence
knowledge that keeps them entrance behind again and again.”

“Continuing a attribute with ShopNBC supports a joining to
yield solutions that business value and provides a clients with a
rival advantage,” pronounced Margaret Keane, CEO and boss of GE
Capital’s Retail Finance business.

About ValueVision Media/ShopNBC

ValueVision Media, Inc. operates ShopNBC, a multichannel electronic
tradesman that enables business to correlate and emporium around TV, Internet,
mobile devices, Facebook, Twitter and YouTube. The ShopNBC television
network reaches over 80 million wire and satellite homes, in addition
to live inhabitant streaming at
www.shopnbc.com
and iPhone and Android devices. ShopNBC sell is focused on Home
Consumer Electronics, Health Beauty, Fashion Accessories, and
Jewelry Watches. Net sales for a past 12 months were approximately
$590 million, 45% of that was around a Internet or mobile. Please visit
a company’s financier family website at
www.shopnbc.com/ir
for this and other association information.

About GE Capital’s Retail Finance business

GE Capital’s Retail Finance business is among a country’s most
successful sell lenders, with some-more than 75 years of knowledge in
consumer financing. The business, that originates loans as a section of GE
Capital Retail Bank, provides customized credit programs to retailers
and consumers in a United States and Canada that assistance expostulate sales.
This includes private tag and bankcard credit programs to major
national, informal and eccentric retailers in a U.S., as good as
private tag credit programs, promotional and installment lending,
bankcards and financial services for consumers by dealers;
contractors; manufacturers; medical practices; and use providers
opposite scarcely 20 industries. More information can be found at
www.gogecapital.com
and twitter.com/GoGECapital.

GE Capital is one of a world’s largest providers of credit. For over
one million businesses, vast and small, GE Capital provides financing
to purchase, franchise and discharge equipment, as good as collateral for real
estate and corporate acquisitions, refinancings and restructurings. For
a 100+ million consumer customers, GE Capital offers credit cards,
sales financial programs, home, automobile and personal loans and credit
insurance. For some-more information, visit
www.gecapital.com
or follow association news around Twitter @GECapital.

GE


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works on things that matter. The best people and a best
technologies holding on a toughest challenges. Finding solutions in
energy, health and home, travel and finance. Building, powering,
relocating and restorative a world. Not only imagining. Doing. GE works. For
some-more information, revisit a company’s website at
www.ge.com .

(C)2012 General Electric Company, All rights reserved.

SOURCE: General Electric Company

        GE Capital Retail Finance,
        Dori Abel, 203-585-6702
        dori.abel@ge.com
        or
        ShopNBC
        Anthony Giombetti, 612-308-1190
        agiombetti@shopnbc.com

Copyright Business Wire 2012

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