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CIT Vendor Finance Expands Relationship With Konica Minolta Business Solutions
Named Preferred Leasing Provider in Canada
Thursday, August 1, 2013 08:30 AM

Livingston, NJ andBurlington, Canada – August 1, 2013 – CIT  Vendor Finance, a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services, today announced that it was named a preferred leasing provider of Konica Minolta Business Solutions (KMBS), a leader in advanced document management technologies, application solutions and IT Services, in Canada. CIT Vendor Finance is currently a KMBS preferred leasing providerin the United States and the United Kingdom.

Under the Konica Minolta Premier Finance Program, CIT Vendor Finance, Canada will serve as a  leasing partner supporting Konica Minolta’s managed print services, cost-per-copy and standard transactions.

Blake Macaskill, Managing Director of CIT Canada, said, “We are delighted to be named a preferred leasing provider under the Konica Minolta Premier Finance Program and expand our existing relationship. This will enable Konica Minolta to offer a wide range of financing options and services to their Canadian customers.”

Chris C. Dewart, Executive Vice President and Chief Operating Officer for Konica Minolta, said, “We are pleased to be working with the team at CIT Vendor Finance to offer leasing solutions. CIT has a proven track record of delivering high quality products and services and we look forward to growing this opportunity together.”  

About Konica Minolta
Konica Minolta Business Solutions Canada, (Ltd) is a leader in advanced document management technologies and IT Services. The company focuses on complete business solutions including production print systems, digital presses, multifunctional products (MFPs), managed print services, vertical application solutions and related services and supplies. Konica Minolta has won numerous awards and recognition including being recognized as the #1 Brand for Customer Loyalty in the MFP Office Copier Market by Brand Keys for six years in a row. For the third consecutive year, Buyers Laboratory LLC (BLI) has named Konica Minolta as the winner of its “A3 MFP Line of the Year” award. In 2012, Konica Minolta also received “Document Imaging Solutions Line of the Year” recognition from BLI – and has been named to the Dow Jones Sustainability World Index in recognition of the company’s economic, environmental and social performance. For more information, please visit www.konicaminolta.ca.

About CIT Canada
CIT Canada provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including: Chemicals, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Public Sector debt, Information Services & Technology, Restaurants, Aerospace, Retail, Sports & Media and Transportation & Construction. It creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services. cit.com/Canada

About CIT Vendor Finance
CIT Vendor Finance creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. It is a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services. Through these programs, it provides equipment financing and value-added services, from invoicing to asset disposition, to meet its customers’ needs. cit.com/vendorfinance

About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com

CIT MEDIA RELATIONS:
C. Curtis Ritter|
Director of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com

Matt Klein
Vice President, Media Relations
(973) 597-2020
Matt.Klein@cit.com

CIT CANADA:
Carol Stubits
Director of Marketing and Communications
(905) 633-2388
Carol.Stubits@cit.com