GE Capital Opens New Canadian Head Office in Montreal - Celebrates ongoing commitment to helping Canadian companies grow



    MONTREAL, May 26 /CNW Telbec/ - GE Capital, GE's financial services arm,
announced today that it has officially opened a newly designed Canadian head
office at 1250, René-Lévesque Boulevard West in downtown Montreal. The company
offers Canadian companies customized services regrouped under six commercial
platforms: Business Finance, Corporate Finance, Vendor Finance, Fleet
Services, Corporate Aircraft Finance and Franchise Finance. The company hosted
a reception last Thursday that was attended by over one hundred clients,
employees and members of the local business community.
    "This ceremony marks an important development for us," said Patrick
Palerme, President and CEO, GE Capital Canada. "Our business here in Canada
has evolved dramatically since starting up, back in 1986, and is now a very
well-established and diversified financial services company. Our growth can be
seen in terms of our wide portfolio of businesses, in the number and diversity
of our people, and in the variety of our product offerings - so it was time to
reflect this development in the physical space of our head office."
    Palerme added, "our investment in these new offices underscores our
confidence in the long-term growth prospects of Canadian companies and
demonstrates our unwavering commitment to providing our customers across
Canada with customized financial solutions adapted to their ongoing needs."
    In line with the values expressed in GE's ecomagination
(http://ge.ecomagination.com/site/) initiative, GE Capital's Canadian head
office is a LEED(R) Certification Candidate.
    170 employees work at the Montreal head office and a little over 400 more
are working in 20 other offices across Canada. To view the locations of its
Canadian offices, please visit the GE Capital Canada website at:
http://www.gecapital.ca/en/company/offices.asp.

    About GE Capital Canada

    GE Capital Canada (http://www.gecapital.ca) is a leading provider of
financial as well as fleet management solutions to businesses operating in a
broad range of economic sectors, including construction, transportation,
energy and manufacturing. The business' customized solutions include asset
based working capital and term financing, cash flow financing, corporate
aircraft, franchise and fleet financing, as well as financial solutions and
services to equipment manufacturers, fleet operators, distributors, dealers
and their end users. With more than 20 offices across the country and access
to the resources of the General Electric Company, GE Capital Canada has the
ability to deliver innovative solutions for all commercial financing needs.
General Electric (NYSE:   GE) is Imagination at Work - a diversified technology,
media and financial services company focused on solving some of the world's
toughest problems.




For further information:

For further information: Marina Brzeski, Communications Leader, Canada,
GE Capital, (514) 397-5321, marina.brzeski@ge.com

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GE Capital Canada

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