SSL Announces Financing Plan, Leasing Program

May 2, 2002 12:00 PM, Editors


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Solid State Logic Inc. (New York City) is offering a purchase package for the XL 9000 K Series SuperAnalogue Console and the Avant Plus TVP Digital Post/Film Console. This lease purchase plan, available to qualified clients, specifies a monthly payment of only $999 for the first 12 months of the agreement. This offer is available through June 30, 2002.

"Working with Wells Fargo, we have created a highly beneficial program for our studio clients that allows us to make this offer to qualified studios," said Rick Plushner, president of SSL North America. "Studios can realize the many advantages of owning an SSL console without the upfront costs of a more traditional purchase plan."

The low initial monthly payments allow a facility to start up a studio room with a positive cash flow while attracting top music and production projects. The promotional benefits of owning an SSL are well-known and the flexible front end of the purchase plan allows for the buildup of cash reserves. After the first 12 payments, clients can select terms of 36 to 48 months, both at the lowest available rates.

Solid State Logic also announced a new "Operating Lease Program" for all qualified broadcasters in North America interested in upgrading to an SSL broadcast console. Also through an arrangement with Wells Fargo Equipment Finance, Inc., the benefits of this leasing program are now available through June 30, 2002.

According to Plushner, "The purpose of the program is to allow broadcasters to upgrade to a state-of-the-art console today, meeting the industry’s demand for an all-digital signal path without the need for a large capital expenditure."

The Operating Lease Program allows broadcasters to take advantage of installing an SSL digital broadcast console and enables payments to be charged against the station’s operating budget rather than a capital expense. It also reduces initial capital outlay while allowing an option to purchase the audio console on very favorable terms at the end of the lease period.

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