BDI-Laguna Announces Agreement With GE Commercial Finance

BDI-Laguna, a total solution provider supplying consumer electronics and computer products to the nation's most successful retailers, announced today its agreement with GE Commercial Finance to provide funding for the company's long term growth. BDI-Laguna and GE began their relationship in November 2004 with the completion of a $65 million revolving credit facility. The relationship has rapidly expanded and they are now in the process of closing a new capital expenditure facility, in addition to a new and unique $30 million working capital financing. Finally, BDI-Laguna has selected GE's interest rate management product to meet its interest rate hedging requirements.

"Our expanded relationship with GE is essential in executing our growth strategy well into the future, and gives the necessary tools to position BDI-Laguna for success," said Peter Handy, Executive Vice President and Treasurer of BDI-Laguna Holdings, Inc. "Our new GE financing will bring us both corporate lending and vendor financing services. The result is a funding arrangement that is highly innovative, representing a 'first' in the industry. It's this type of creativity that makes GE an outstanding choice for a financing partner."

"We knew we had to design a solution for BDI-Laguna that would help them achieve their goals," said Stephen Fuscaldo, senior vice president, GE Commercial Finance - Corporate Lending. "The hallmark of our approach with customers is creativity and innovation -- that's what we delivered to BDI-Laguna."

About BDI-Laguna

BDI-Laguna is a total solution provider committed to supplying consumer electronics and computer products to the nation's most successful retailers through state-of-the-art logistical services. With more than twenty years of experience in the industry and an intimate understanding of customers' business needs, BDI-Laguna's expertise encompasses facets of the technology business far and beyond mere distribution. By offering a full range of converging technology merchandise along with the most valuable services available in the industry, BDI-Laguna plays a key role in the success stories of many electronics resellers nationwide. More information is available at http://www.bdilaguna.com

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