Abel Finance Services Launched

"Abel Cine Tech is always striving to find new ways to support our customers and provide a rewarding sales experience," said Pete Abel, President of Abel Cine Tech. "The creation of Abel Finance is the natural evolution of that philosophy. The combination of technical knowledge and financing expertise in one company is unique in our industry. We are confident it will add real value for our clients and are excited by the opportunity to expand our service offerings."

Abel Finance is innovative in the way that it combines the company's deep knowledge of the film and broadcast industry with in-house financing assistance. Based out of Abel Cine Tech's Burbank, CA location, Abel Finance provides creative finance options that give qualified applicants highly competitive rates and maximum flexibility.

By working with Abel Finance, clients have the comfort of knowing they are dealing with equipment and financing companies that are experienced in their field. Business financial consultants are members of the Abel staff and truly understand the production industry. In this way, Abel Finance provides advice that matches the real-world situations that their customers face.

"We feel that this venture between Key Equipment Finance and Abel ensures a seamless offering to our clients. Abel Finance gives clients the peace of mind of knowing that their equipment supplier and financing company are actually working together with their best interests in mind," explained Toni Rios, Lease Finance Coordinator at Abel Cine Tech.

"Just as Abel works with each client to build an equipment package that fits the specifics of their production, Abel Finance has the ability to tailor an equipment financing package to that client's individual needs," she continued.

A core component of Abel Finance is its association with Key Equipment Finance, which has a proven track record of providing equipment financing to a diverse customer base for over 30 years. Key Equipment Finance is the nation's third-largest bank-held equipment leasing company and an affiliate of KeyCorp (NYSE: KEY).

"Abel understands the importance of offering a finance option as part of the complete customer service package," said RJ Grimshaw, Vice President and Director of Sales at Key Equipment Finance. "This lease program will enable Abel's customers to take advantage of tax benefits, one-stop shopping for products and financing, upgrade flexibility and better asset management."

Abel Finance offers a fast, seamless application and approval process, with attractive program features such as instant rate quoting, same-day approval, and application-only processing of specific transactions.  

About Abel Cine Tech Inc.

Abel Cine Tech was established in 1989 and has offices in New York City and Burbank, CA. Abel Cine Tech is a Sony Elite III Reseller and a Panasonic Production Reseller, as well as the exclusive US agent for Aaton motion picture cameras, Canon cine lenses and Heden motors, and a reseller of major broadcast equipment lines. Abel recently became the North American agent to the production market for Phantom HD and Phantom 65 high-speed cameras. For more information on the company and its services, visit www.abelcine.com.

About Key Equipment Finance

Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes.

Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $13.1 billion equipment portfolio with annual originations of approximately $6.4 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.KEFonline.com.