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Thursday January 31, 5:23 pm Eastern Time
SGI Announces New Financing Solutions for The Customers of SGI Solution Providers
New Program Assists SGI Solution Provider Customers to Purchase SGI Systems Without Burdening Their Capital Budgets Today
MOUNTAIN VIEW, Calif., Jan. 31 /PRNewswire-FirstCall/ -- SGI (NYSE: SGI - news) today announced a new financing program designed to help the customers of SGI's Solution Providers in acquiring new SGI® systems without burdening their capital budgets. The program, administered by Leasing Group, Inc. (LGI), a leading provider of innovative vendor-based financing solutions and outsourced financial transaction services will be available immediately. The program provides the customers of SGI Solution Providers with a host of financing solutions from a variety of financial institutions when making purchases of less than $100,000.
Ray Muzzy, director of SGI Solutions Finance, announced the new services, saying, ``SGI is committed to providing our clients and channel partners with the financing solutions they need to grow their businesses. We are striving to find ways to help our clients endure the tough economic circumstances. Our agreement with LGI enables us to offer a wide range of flexible financing options, faster turnarounds on funding decisions and an additional level of service and support to our direct customers as well as to our Solution Providers. Launching this program in January provides everyone with an opportunity to acquire the technology they need, at a price they can afford, to accomplish their 2002 business objectives.''
Today's announcement complements the deferred-payment program SGI announced on Jan. 3, 2002, for qualified customers who are purchasing equipment costing more than $100,000. (SGI Announces Attractive Deferred-Payment Financing Program)
Under the agreement, SGI will take advantage of LGI's comprehensive, vendor-driven Web Finance Portal(TM) technology. Utilizing this proven platform, LGI will serve as the business process outsourcing partner for SGI. LGI will receive the customer's credit application, document and present the equipment order to the financing community, process the transaction and communicate the status of the transaction directly to SGI, the Solution Provider and to the customer through the Web Finance Portal. In support of the program, LGI has established a dedicated team of finance professionals within its Austin, Texas call center to assist SGI Solution Providers with all of their financing questions and funding decisions.
``SGI serves very demanding markets -- manufacturing, sciences, government/defense, media, and education and research,'' said Clark Covert, chairman and CEO of Leasing Group. ``SGI is the only vendor that can provide the level of performance these creative and technical buyers crave. We understand this user community. We provide high-performance financing solutions that allow these customers to acquire the equipment they need within a payment plan they can afford. Our financing experts look forward to working with SGI and their Solution Providers to facilitate fast, efficient transactions and to ensure that each individual customer receives a financing solution that meets their unique business requirements.''
About SGI
Celebrating its 20th year, SGI, also known as Silicon Graphics, is the world's leading provider of high-performance computing, complex data management and visualization products, services and solutions that enable its technical and creative customers to gain strategic and competitive advantages in their core businesses. Whether being used to design and build safer cars and airplanes, discover new medications and oil reserves, better predict the weather, entertain us with thrilling movie special effects or provide mission- critical support for government and defense, SGI® systems and expertise are empowering a world of innovation and discovery. The company, located on the Web at www.sgi.com , is headquartered in Mountain View, Calif., and has offices worldwide.
NOTE: SGI, and the SGI logo are registered trademarks of Silicon Graphics, Inc. All other trademarks mentioned herein are the property of their respective owners.
(Logo: newscom.com )
CONTACT: Media, Marla Robinson, +1-256-864-3426, marlar@sgi.com, SGI PR Hotline, +1-650-933-7777, or SGI PR Fax, +1-650-932-0737
SOURCE: SGI
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