July 14, 2008 -- GE Capital Solutions, Technology Finance, a business unit of General Electric Co. (NYSE: GE), is broadening the capabilities of the Nortel Enterprise Financing Solutions (NEFS) program.  The new financing relationship offers Nortel customers GE’s best-in-class leasing capabilities through the “NEFS Customer Leasing Program.”

“We’re committed to providing our channel partners and resellers – and their customers – with simple, competitive financing options that will make it easier to acquire Nortel Enterprise solutions,” said David Wilkinson, vice president, Channel Strategy and Inside Sales, Nortel. “As part of that, we’ve tapped GE for its tech industry expertise, dedicated sales team, comprehensive suite of leasing solutions, and extensive Web-based customer service capabilities.”

The NEFS Customer Leasing Program offers 24, 36, 48 and 60-month Fair Market Value (FMV) or One Dollar Buyout leases, for financed deals up to $1,000,000 U.S. dollars. The program is currently offering special leasing promotions on all Nortel enterprise products and services, including no payments for 90 days for all leases or 0% financing on periodic FMV lease payments for 24, 36 and 48 month terms. This promotion is in effect until September 30, 2008. For more information, visit www.nortel.com/nefs.

“As an alternative to a lump sum purchase, leasing offers numerous benefits for Nortel customers,” added John Critelli, senior relationship manager, GE Capital Solutions. “With low monthly payments and little or no cash upfront, leasing enables the customer to acquire the Nortel solution they need, when they need it. And since they only pay for usage, not ownership, cash and credit lines are available for other profit-generating activities. Leasing also provides excellent upgrade or trade-in opportunities, as technology and customer needs change.”

GE is dedicated to providing financing solutions for technology and services customers. Through strong relationships with industry leading technology companies and resellers, GE provides turnkey financing options to best serve their customers.  

GE Capital Solutions, Technology Finance - a provider of financing for multi-brand technology solutions as well as superior IT asset management and tracking tools for technology assets. They work with technology manufacturers and resellers to provide financing solutions that are flexible and cost-effective for their own customers. For more information, visit www.gecapitalsolutions.com/techfinance.

GE is Imagination at Work– a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing and media content, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.