8/7/2007 12:14 PM
Valley Cottage, NY, August 7, 2007 --Camera Dynamics Inc., part of The Vitec Group, industry leader in camera support systems and accessories, announces a financing partnership with National City Media Finance, a division of National City Commercial Capital Company, LLC (NC4), to provide equipment financing to the broadcast and media industries.
This innovative program is customized for the Camera Dynamics brands: Vinten, Vinten Radamec, Sachtler, OConnor, Petrol, and Autoscript. It is available to accommodate a range of purchasers from individuals up to large media organizations throughout the United States.
The financing plan enables a buyer to amortize the investment in Camera Dynamics equipment over an extended period of time. As Director of Robotics Sales Gary Rotondelli explains, “In terms of larger project investments such as robotics installations, the buyer can see a return on the investment in three or four years. By employing our financial services program, the owner can offset savings to the monthly cost of the system.”
“We‘re very excited to offer more options and convenience to our clients. This financial program gives the small business professional as well as larger organizations a powerful new tool to either start up or expand their business without worrying about budget limitations,” says Bob Carr, President of Camera Dynamics, Inc.
“National City Media Finance, as part of one of the nation‘s largest financial institutions, combines financial strength with the knowledge and understanding of the broadcasting, entertainment and photographic industries to create unique financing programs,” says Russ Munson, Senior Vice President of National City Media Finance. “In essence, our programs are scalable and flexible, allowing media companies to match the monthly cost savings to a monthly expense over a 24 to 60 month period.”
NC4 is an affiliate of National City Corporation (NYSE: NCC), one of the nation's largest financial holding companies.
About The Vitec Group plc
The Vitec Group plc is acknowledged as a global leader in the supply of equipment and services to the broadcasting, entertainment and photographic industries and has established a reputation for technical excellence and superior engineering along with an astute business strategy, which has seen it grow by acquisition. Innovation is a cornerstone of the Group‘s activities and the organization is committed to a policy of continuous product development. With revenues (2006) of $400m (£222m) and over 1500 employees worldwide, its products are distributed in almost 100 countries, through a strong, fully resourced distribution network or direct to the end user or corporate customer. More information can be found at www.vitecgroup.com
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.
About National City 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
For all press inquiries please contact:
Lewis Communications for Camera Dynamics 724 Ocean Park Boulevard Santa Monica
CA 90405 USA Tele: + 1 310-392-4531 Fax: + 1 310-392-0183
National City Commercial Capital
From: The Vitec Group, Camera Dynamics Inc.
709 Executive Blvd.
Valley College, NY 10989