MOUNT GILEAD, Ohio, U.S.A., May 8, 2003 — The HPM Division of Taylor’s Industrial Services LLC has selected Captive Capital Corporation as its source for customer equipment financing.
      Captive Capital provides a service that uses a unique off-line/on-line platform to facilitate the leasing of capital equipment for its manufacturer partners’ customers nationwide. The service is arranged through Taylor’s Financial Services, and is only open to HPM Division customers in Canada, U.S.A. and Mexico. For more information, visit https://financing.taylorsind.com.
     “Preservation of capital is important to our customers in today’s economic environment. Financing allows them to upgrade their equipment infrastructure without depleting their capital,” said Gerry Sposato, HPM Division’s director of sales and marketing. “We are happy to be able to provide our customers with access to multiple sources of financing in one central location.”
     Matt Banister, vice president of business development for Captive Capital, added, “Captive Capital understands the manufacturing business, and HPM Division’s specific needs as a machinery manufacturer. We offer our partners an innovative, easy-to-use service that adds value for their customers.”Captive Capital provides private-label financing services that help manufacturers close more deals by making competitive financing available to customers.
     Captive Capital establishes a customized financing program that includes a Web site for each participating manufacturer. Each program is operated under the manufacturer's brand name and includes a limited number of lenders who are experienced in that particular industry and who collectively can cater to a broad range of credit risks and types.
     Customers fill out a single application, and through Captive Capital's unique off-line/on-line process, receive offers of credit within two business days. Offers are submitted to the customer in a format that simplifies the process of making an informed business decision. Lenders pay a below-market origination fee only when they complete a deal through one of the private-label programs
     The service targets capital equipment purchases from $5,000 to $20 million. Transactions in this range represent more than 50 percent of the overall market, which analysts expect to grow 5 to 8 percent a year. For more information, visit www.captivecorp.com.
      Taylor’s Industrial Services LLC is a leader in manufacturing, heavy-duty hauling, aviation and property management. Its HPM Division manufacturers extrusion systems, injection molding machines and die casting equipment from headquarters in Mount Gilead, Ohio, U.S.A. Founded in 1877, HPM is ISO 9001-certified and has a proven history in quality, service and innovation, highlighted by the first American-made injection molding machine (1934). HPM offers equipment remanufacturing, and aftermarket parts and services through Taylor Support Services (TSS).