GE Commercial Finance, Fleet Services Pilots Direct-to-Employee Online Remarketing Channel

EDEN PRAIRIE, Minn., June 17 -- Always in search of new and better ways to remarket customer assets, GE Commercial Finance, Fleet Services has partnered with Remarketing Solutions, a wholly owned subsidiary of Manheim, to develop the most comprehensive and advanced direct-to-employee online remarketing channel in the industry.

Currently in pilot, this new employee purchase channel will be an easy-to- use tool for Fleet Services' customers to connect their employees with off- lease vehicles. It provides a secure way for employees to purchase vehicles at a great price and makes managing the process easy for fleet managers.

"Many customers have been asking for an option like this and we've listened," explains Brian Wright, general manager vehicle life management for GE Commercial Finance, Fleet Services. "The ability to sell company vehicles to employees benefits everyone involved. The company sells their assets in a timely manner through a simple-to-use online portal and employees have the option to purchase a well-maintained vehicle at a great price. Partnering with Remarketing Solutions has enabled us to provide our customers with the best direct-to-employee online remarketing capability in the industry."

About Fleet Services - GE Commercial Finance, Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand. With over US$220 billion in assets, GE Commercial Finance, headquartered in Stamford, Connecticut, offers businesses around the globe an array of financial services and products. GE is a diversified technology, media and financial services company dedicated to creating products that make life better.