Pace American and GE Announce Retail Credit Program; New Retail Finance Program Will Benefit Consumers and Dealers

ST. PAUL, Minn.--Oct. 3, 20051, 2005--Pace American, Inc., one of America's leading manufacturers of enclosed cargo trailers, is launching a new consumer financing program backed by GE Consumer Finance's Retail Sales Finance unit.

The Pace American financing program will provide retail lending through a range of consumer payment programs through its network of 400 Pace dealers nationwide. Offering competitive terms and promotional financing, the new Pace financing option gives customers greater purchasing power and payment flexibility. The application process is fast and easy, and dealers and consumers will enjoy industry-leading support from Retail Sales Finance, part of GE Consumer Finance.

"The Pace American financing program provides some great advantages to our customers," said John Foley, National Sales Manager of Pace American, Inc., headquartered in Middlebury, Indiana. "It's an easy financing option that enables buyers to budget for a trailer purchase and will drive growth for our dealer network."

Pace American offers an extensive line of enclosed cargo, automotive and specialty trailers in sizes from six-feet to 53-feet in length. Pace trailers are especially popular with racing, motorcycling and motorsports enthusiasts. The company has manufacturing facilities in four states: Indiana, Texas, Georgia and Utah.

"Pace American is a company with a sterling reputation, so we're glad they chose to work with us for their consumer credit card program," said Greg Pierce, Power Products leader for Retail Sales Finance, part of GE Consumer Finance. "We can provide a very high level of service to their retailers and customers, which we hope will translate into more sales and growth for Pace."

About Pace American

Pace American, Inc. is the premier manufacturer and marketer of enclosed cargo trailers including CargoSport(R), Conquest(R), Shadow(R), Bigfoot(R), Rallye(R), AeroSport(R), Journey(R), Legacy(R), Summit(R), Midway(R), Explorer(R), Pursuit(R), Hammer(R), Silver Arrow(R) and WorkSport(R) and is supported through manufacturing facilities in Indiana, Georgia, Texas and Utah and over 400 authorized dealers across North America.

About Retail Sales Finance and GE Consumer Finance

Retail Sales Finance, based in Kettering, Ohio, is part of GE Consumer Finance and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in key industries: home improvement, powersports, outdoor equipment, automotive/recreational vehicles, consumer electronics and appliances, furniture, floor covering, jewelry and health care. With $150 billion in assets, GE Consumer Finance, a unit of General Electric Company, is a leading provider of credit services to consumers, retailers and auto dealers in 47 countries around the world. GE Consumer Finance, based in Stamford, Conn. (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com. GE is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.