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Music Products Industry Sees Continuing Sales Growth In 2013, Says New GE Capital Survey

“Like others in this industry, we’re optimistic about consumer demand this year,” said Dave Wilson, commercial leader of CDF’s diversified products group, which provides inventory financing for dealers of music instruments and related products. “Although wholesale purchases were soft heading into 2013, we think that will turn around now that we’re seeing positive signs in the U.S. economy. Unemployment rates are declining, consumer confidence is improving and home sales are increasing, — all of which are good news for sales of instruments and related products.”

To help restore and revitalize music education in U.S. public schools, CDF has supported Little Kids Rock, which brings free instruments and instruction to students in underserved schools across the country, since 2008. GE’s support for community organizations comes in three forms: financial support, volunteer efforts and intellectual capital.

For nearly 16 years and through all business and economic cycles, CDF has supported the music instrument industry with financing programs that enable dealers to stock a broad selection of products. Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers benefit from enhanced product flow and increased sales opportunities, while dealers obtain improved terms and credit availability.

GE Capital’s survey was conducted Jan. 24-27, 2013. The 104 respondents include a variety of music industry participants, including retailers, manufacturers and distributors.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided nearly $31 billion in financing for more than 40,000 manufacturers, dealers and distributors across North America in 2012. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/ or follow company news via Twitter ( https://twitter.com/GEInventoryFin).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter ( https://twitter.com/GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.



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