 Mackie Launches On Line FinancingMackiePosted 2001-10-04 Woodinville, WA—October 2, 2001—Mackie Designs Inc. (NASDAQ:MKIE), a leading manufacturer of professional audio equipment, and FIRSTCORP, a direct lender specializing in equipment financing and leasing for broadcast and entertainment markets, have joined forces to develop a special customer financing program designed to support Mackie dealer sales throughout the United States.
Beginning immediately, customers can apply for a single transaction or be pre-approved for a line of credit that will be honored at any Mackie authorized dealer in the United States. The new program offers fixed rate financing from 12 to 60 months, and leasing options for those customers looking for lower monthly payments.
Other benefits include:
· 100% Financing - No Down Payment Required
· Preservation of bank lines, credit cards and cash
· Easy, fast application and approval process
· Leasing with the option of a cash buyout provides lower monthly payments to meet your budget
“Many of Mackie’s customers purchase large amounts of gear for touring or permanent installation into recording studios,” stated Jay Schlabs, National Sales Manager at Mackie. “We recognize that the immediate cash outlay for these types of purchases can be high and that many of our customers are seeking a real cash flow solution. In partnership with FIRSTCORP, we have developed a comprehensive financing/leasing platform that makes it easier for our customers to purchase the best gear possible without drawing down lines of credit or capital reserves.”
The online application is available 24 hours a day, seven days a week at www.mackie.com. Dealers can also provide the application in hard copy or refer interested customers to Scott Glass at Firstcorp, where they can apply by phone. Scott Glass can be reached at 800-247-3722 x 127. All Mackie branded products are eligible.
"Our experience in this market has shown that audio equipment buyers frequently leverage financing,” said Russ Munson, Managing Director of FIRSTCORP. "Our goal is to build a strong working relationship with Mackie dealers and, in turn, help their customers with easy financing solutions. By working together, FIRSTCORP, Mackie and their dealers will be able to ensure that customers who desire quality audio equipment can acquire that technology in a simple, fast and efficient procedure that meets their individual budget or cash flow needs.”
About FIRSTCORP
FIRSTCORP (www.firstcorp.com) is a Portland, Oregon headquartered direct lender with over twenty years experience in national vendor leasing and equipment financing programs. With seven regional offices and nearly 100 employees, the company is an industry leader in the areas of vendor finance and efficient, automated, leasing programs and systems for small ticket equipment from $2,500 to $250,000.
About Mackie Designs
Mackie Designs is known worldwide as a leading manufacturer and marketer of high-quality, affordable professional audio systems. Mackie products can be found in professional and project recording studios, video and broadcast suites, post production facilities, sound reinforcement applications including churches and nightclubs, and on major musical tours. Mackie Designs is marketed by 54 distributors to over 100 countries around the world.
"Mackie" is a registered trademark of Mackie Designs Inc. in the United States and other countries. "FIRSTCORP'' is a registered trademark of First Portland Corporation, Inc.
For more information please contact: Mackie Designs Inc. * 16220 Wood-Red Road N.E. * Woodinville, WA 98072 * Phone: (425) 487-4333 * Fax: (425) 487-4337 * Internet: www.mackie.com.
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