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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

goeasy Ltd. is a Canada-based company, which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial’s product offering consists of unsecured and real estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals.


TSX:GSY - Post by User

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Post by littlemon May 06, 2014 6:00pm
234 Views
Post# 22531132

More market exposure.....

More market exposure.....
May 6, 2014 - 4:41 PM EDT Print Email Article Font Down Font Up Charts T.EH 18.43 -0.02 Today 5d 1m 3m 1y 5y 10y Cantrex Nationwide Member Retailers to Offer easyhome's Unsecured Consumer Loans MONTREAL, QUEBEC and MISSISSAUGA, ONTARIO--(Marketwired - May 6, 2014) - Cantrex Nationwide Group Inc. ("Cantrex Nationwide"), Canada's largest buying and marketing group of furniture, appliances, electronics, photography and home decor retailers, and easyhome Ltd. ("easyhome") (TSX:EH), the Canadian leader in providing goods and financial services to the cash and credit constrained consumer, today announced that participating Cantrex Nationwide member retailers can now offer purchase financing to their customers at point of sale through easyfinancial, the consumer lending arm of easyhome. The loans provided by easyfinancial will allow these merchants to offer their customers an additional financing option, allowing them to complete a sale to a customer who might otherwise be declined for credit. The easyfinancial loans are open and repayable at any time without penalty. "We are committed to providing our members with services that add value, from buying power to marketing to financial programs," said Jeannine Ghaleb, Chief Operating Officer at Cantrex Nationwide. "easyfinancial purchase financing brings back a service to our group that has been absent since the onset of the 2008 recession and fills a need for our members. Our team and our members are excited for the program and the launch of a 50 plus store pilot slated to start this month." "This is a great opportunity for both Cantrex Nationwide and easyhome," said Jason Mullins, Senior Vice President Operations, easyfinancial. "Many retail customers are frustrated as their less than perfect credit and financial status has limited their ability to complete a purchase. Providing retailers, such as Cantrex Nationwide members, with an additional financing option for their customers results in additional sales for the merchant as the customer is not leaving the retailer empty handed." Cantrex Nationwide Group Inc., with offices in Montreal, Toronto and Vancouver, is an independent division of US based Nationwide Marketing Group. Founded in 1960, Cantrex Nationwide was acquired by Nationwide Marketing Group in May 2012. The combined entity is the largest buying and marketing group of its kind in North America and is comprised of independent furniture, household appliance, bedding, consumer electronics, photography, floor covering and home decor retailers. With more than 1,200 retail outlets in Canada, Cantrex Nationwide members produce an estimated $2.53 billion in annual retail sales. It provides its members with stronger buying power and an extensive array of advertising, educational, online marketing and financial programs and services. easyhome Ltd. is the Canadian leader in providing goods and financial services to the cash and credit constrained consumer. easyhome serves its customers through two key operating divisions, easyhome Leasing and easyfinancial. easyhome Leasing is Canada's largest merchandise leasing company, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements through both corporate and franchise stores. easyfinancial is a leading provider of consumer loans as an alternative to traditional banks and payday lenders. easyhome Ltd. is listed on the TSX under the symbol 'EH'. For more information, visit www.easyhome.ca. Cantrex Nationwide Group Inc. 3075 Thimens Blvd, Suite 300 St-Laurent QC H4R 1Y4 Cantrex Nationwide Group Inc. Jessica Caruso Director of Marketing (514) 906-6100 www.cantrex.com
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