Harris and National City Media Finance
Establish Harris Finance
September 18, 2007
Source: Harris Broadcast
Harris Corporation
(NYSE: HRS), an international communications and information
technology company, has teamed with National City Media Finance
to establish Harris Finance, which will help Harris Broadcast
Communications customers and Channel Partners achieve complete
end-to-end business solutions. Harris Finance features a number
of flexible financing program options backed by National City
Media Finance, a division of National City Commercial Capital
Company, LLC (NC4).
Harris Finance program options are tailored
to the specific markets Harris serves, including broadcast
technology for television, cable and radio, telecom and IPTV.
Each program enables buyers to amortize their investment in
Harris equipment, systems, software and engineering services
over an extended period of time.
The comprehensive customer-finance initiative
is available immediately to Harris clients and Channel Partners
and their customers throughout the United States and Canada.
Harris Finance covers all Harris broadcast technologies, systems
and services, and offers tools that make it easy to model
total cost of ownership and calculate the return on investment.
“With this new finance program, we
can help customers manage budget shifts to IT-related broadcast
technologies and migrate from capital budget constraints to
operating budget solutions,” said Russ Johnson, senior
vice president of sales, Americas, Harris Broadcast Communications.
“Harris Finance will allow our customers flexible solutions
that spread the cost of technology to match the timing of
revenues or cost savings. In short, Harris Finance can help
our Channel Partners and their clients achieve their business
and ROI objectives.”
“We are very proud to partner with
Harris, and I believe this will be a mutually beneficial relationship,”
said Vince Rinaldi, president and CEO of National City Commercial
Capital. “As one of the leading broadcast and media equipment
providers in the world, Harris has an exceptional reputation
for innovation and industry-leading technology. Through our
extensive sales-aid financing expertise and creativity, we
are confident this new program will assist Harris with accelerated
equipment placements while providing customers and Channel
Partners with superior end-to-end solutions that include equipment,
services and financing.”
About National City Commercial Capital
National City Commercial Capital Company,
LLC is a national, high-growth, multi-channeled equipment
finance company that provides a broad array of products and
services to both new and existing customers and markets. It
is one of the largest bank-affiliated leasing companies in
the country. National City Commercial Capital Company, LLC
is an affiliate of National City Corporation (NYSE: NCC) and
is based in Cincinnati. For more information about National
City Commercial Capital, visit the company’s Web site
at NC-4.com. Information about National City Media Finance
is available at NC-4.com/Media. National City Corporation
(NYSE: NCC), headquartered in Cleveland, Ohio, is one of the
nation's largest financial holding companies. The company
operates through an extensive banking network primarily in
Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri
and Pennsylvania, and also serves customers in selected markets
nationally. Its core businesses include commercial and retail
banking, mortgage financing and servicing, consumer finance
and asset management. For more information about National
City, visit the company’s Web site at NationalCity.com.
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