News
December 5, 2005

GHR Systems and AGF Trust Introduce ECR EZ Finance
New Consumer Vendor Financing Solution
Available for Olsen Oil and Gas Furnaces
Toronto and Wayne, Pa. –
Dec. 5, 2005 – GHR Systems, Inc., a Metavante
company and leading provider of lending automation technology
and services, and AGF Trust Company today announced
“ECR EZ Finance™,” a comprehensive
consumer financing solution for ECR International Limited.
The ECR-branded consumer financing solution provides
automated consumer loan origination, financing and services
to the Canadian HVAC consumer lending market. ECR (formerly
Olsen Technology) is a leading Canadian manufacturer
of high efficiency oil and gas furnaces.
ECR EZ Finance provides ECR dealers and certified contractors
with an innovative and complete financing program expected
to increase consumer HVAC sales and increase all ECR
brands’ market share. GHR Systems and AGF Trust
are providing complete, end-to-end automated consumer
financing at the point-of-sale, integrated promotional
program functionality and proven account management
practices. GHR’s Consumer and Business Lending
Solutions division is hosting and managing the ECR EZ
Finance platform and AGF Trust is providing exclusive
consumer underwriting and financing for customers of
ECR dealers and certified contractors.
“Through GHR’s vendor financing program,
ECR can provide its Canadian dealers with innovative
lending programs, quick turnaround time and integrated
promotional offerings, resulting in even greater value
to consumers,” said Mark Deneau, marketing representative,
ECR International Limited. “GHR’s state-of
the-art technology coupled with their quality support
services will help extend ECR growth potential and strengthen
our commitment to our Canadian dealer network.”
“Point-of-sale consumer financing programs are
a great way for HVAC manufacturers to increase consumer
sales and provide significant ‘value add’
to dealers and contractors,” said Rick Arends,
executive vice president, Consumer and Business Lending
Solutions, GHR Systems. “Our alliance with AGF
Trust provides a highly flexible, automated loan origination
solution that enables dealers to provide competitive
financing in a matter of minutes, whether at the dealership
or in a customer’s home.”
“AGF Trust is expanding its presence with our
entry into the HVAC financing sector of the home improvement
lending market,” said John Bennett, executive
vice president, Products and Operations, AGF Trust.
“By partnering with GHR Systems, AGF Trust has
been able to dramatically accelerate its time to market
and leverage GHR’s expertise in executing vendor
financing programs.”
About ECR International Limited
ECR International Limited, an innovator in the development
of high efficiency oil and gas furnaces offers a full
line of HVAC and hydronic equipment for both residential
and commercial markets. ECR’s technologies represent
the heating and cooling industry’s standard for
product excellence. The company currently operates manufacturing
facilities in Wallaceburg, Ontario, as well as New York
and Connecticut in the U.S.. ECR International Limited
manufactures furnaces, boilers, baseboard, water heaters,
hydronic controls and ductless air conditioning systems
under the following brand names: Olsen - oil and gas
furnaces/boilers; Airco - oil and gas furnaces; Argo
- baseboard and hydronic controls; EnviroAir - ductless
air conditioners. For more information about ECR International,
see http://www.ecrinternational.com/
or contact Mark Deneau, marketing representative, 519-627-0791,
marden@ecrinternational.com
About AGF Trust Company
AGF Trust Company is a wholly owned subsidiary of AGF
Management Limited, one of Canada’s oldest and
most broadly diversified wealth management companies.
Since 1988, AGF Trust has been able to differentiate
itself in the marketplace by offering some of the most
innovative financial products and services. Some of
these financial solutions include mortgages, vendor
financing programs, investment loans, RSP loans, and
term deposit products.
AGF Trust is federally incorporated and licensed to
carry on business across Canada. The company is a member
of the Canadian Payments Association and is an approved
lender for Canada Mortgage and Housing Corporation (CMHC)
and GE Capital. For more information about AGF Trust,
see www.agf.com/static/en/products_services/1790.html
or contact John.Bennett@agf.com, executive vice president,
Products and Operations, 416-216-5371
About GHR
GHR Systems, Inc., a Metavante company and leading provider
of lending automation solutions and services for the
vendor financing, consumer and small business lending
and residential mortgage industries, provides browser-based
and client-server platforms and applications for originating,
processing and closing loans. GHR’s clients use
GHR technology and services to better market, sell and
close loans through all their distribution channels.
Fifteen of the Top 50 U.S. Mortgage lenders and five
of the top power sports recreational manufacturers in
the world use GHR’s systems. GHR is a Microsoft
Gold Certified Software Development Partner. Visit us
on the web at www.ghrsystems.com.
Metavante Corporation delivers banking and payment technologies
to financial services firms and businesses worldwide.
Metavante products and services drive account processing
for deposit, loan and trust systems, image-based and
conventional check processing, electronic funds transfer,
consumer health care payments, and electronic presentment
and payment. Headquartered in Milwaukee, Metavante (www.metavante.com)
is wholly owned by Marshall & Ilsley Corporation
(NYSE: MI).
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