IFC Vendor Division Announces Program with Hoshizaki America Inc.

MORTON GROVE, Illinois, January 26, 2006
The FirstCorp Division of IFC Credit Corporation has announced the formation of the Hoshizaki Leasing Program, which allows Hoshizaki foodservice customers to lease its refrigeration equipment instead of purchasing it upfront.

The program, offered through Hoshizaki distributors and administered by FirstCorp, lets dealers offer simple and convenient leasing terms, with payments as low as $99 per month. Dealers benefit because after they enroll a customer, FirstCorp handles the rest. FirstCorp administers the lease, collects the payments, and assumes all responsibilities. The program also offers the dealers a bonus on the total of each lease.

"FirstCorp’s leasing program is a powerful enabler for companies seeking to provide solutions that combine products and financial services," said Carl Bretzman, Vice President of Sales for the FirstCorp’s vendor services area. "Our innovative leasing and financing options provide companies with a quick and cost-effective way to acquire the latest foodservice equipment."

Carter Davis, Hoshizaki’s Vice President of Sales added,”Hoshizaki is committed to providing its customers and dealers with the financing solutions they need to grow their businesses. Our arrangement with FirstCorp offers a wide range of flexible financing options, faster response on funding, and additional service value for our dealers and end-user customers."

About Hoshizaki America, Inc. Hoshizaki America, Inc. is headquartered in Peachtree City, Georgia with manufacturing operations in both Peachtree City and Griffin, Georgia. Hoshizaki's automated facilities manufacture complete lines of ice makers, ice dispensers, refrigerators/freezers and related accessories. Hoshizaki is one of the world's largest manufacturers of commercial ice equipment with sales of nearly $1.4 billion and employing 8,000 people.


For additional information, contact:

Brian Cascarano
Vice President of Marketing
(847) 663-6700

bcascarano@
firstcorp.com