
Showroom Technology introduces monthly payment program for its SHOW/PROT kiosk system
Partnership with CitiCapital allows retailers to pay all-inclusive low monthly fee.
Reston, Virginia -December 6, 2005- Showroom Technology, Inc. announced today that retailers can now rent the SHOW/PRO kiosk system under a new "right-to-use" (RTU) program. The RTU program permits retailers to pay a low monthly fee over a thirty-six month period, thereby more efficiently managing cash and aligning monthly sales results from the kiosk system with monthly payments. The RTU monthly fee includes all kiosk hardware and software and complete hardware and software maintenance during the program period.
Listening to many retailers inquire about how to more easily acquire SHOW/PRO, Showroom Technology joined forces with CitiCapital, the multi-billion dollar equipment finance arm of Citigroup. Through the program, the retailer enters into a thirty-six month rental agreement with CitiCapital allowing the retailer to take advantage of all of the SHOW/PRO capabilities without any up front investment.
At the end of the initial RTU program, retailers choose from three options: (1) "Refresh" SHOW/PRO, whereby Showroom Technology delivers its newest kiosk to the retailer under a new thirty-six month rental program; (2) "Renew" SHOW/PRO, whereby the retailer continues to use the initially installed kiosk on an on-going annual basis at a reduced fee; or (3) "Return" SHOW/PRO, whereby the retailer returns the kiosk system and makes no further payments.
Showroom Technology has seen a high level of interest in the RTU program since its introduction. Several Showroom Technology customers have recently embraced the new program, including Furniture Today® Top 100 retailer, Big Sandy Superstore.
"Retailers make large capital investments in the goods they sell and the showrooms they are sold in. We believe the RTU program carefully considers our customer's needs by offering this cash efficient way to put SHOW/PRO on the showroom floor while providing piece of mind with complete coverage on the operation of the kiosk system," said David Weyher, Showroom Technology, Inc. Chief Executive Officer.
About Showroom Technology, Inc.
Showroom Technology, Inc. offers innovative kiosk technology for big-ticket retailers to improve sales performance in the retail showroom. Its SHOW/PROT promotional kiosk system allows consumers to quickly and privately apply for promotional financing and register for special promotions while enabling the retailer and its product vendors to offer targeted advertising and incentives to these qualified shoppers in the showroom. The results are immediate and measurable, increasing average ticket, converting more shoppers into buyers, and capturing key consumer information for marketing purposes. For more information, visit www.showroomtech.com
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