easyhome Ltd.

easyhome Ltd.
Cantrex Nationwide Group Inc.

Cantrex Nationwide Group Inc.

May 06, 2014 16:40 ET

Cantrex Nationwide Member Retailers to Offer easyhome's Unsecured Consumer Loans

MONTREAL, QUEBEC and MISSISSAUGA, ONTARIO--(Marketwired - May 6, 2014) - Cantrex Nationwide Group Inc. ("Cantrex Nationwide"), Canada's largest buying and marketing group of furniture, appliances, electronics, photography and home decor retailers, and easyhome Ltd. ("easyhome") (TSX:EH), the Canadian leader in providing goods and financial services to the cash and credit constrained consumer, today announced that participating Cantrex Nationwide member retailers can now offer purchase financing to their customers at point of sale through easyfinancial, the consumer lending arm of easyhome. The loans provided by easyfinancial will allow these merchants to offer their customers an additional financing option, allowing them to complete a sale to a customer who might otherwise be declined for credit. The easyfinancial loans are open and repayable at any time without penalty.

"We are committed to providing our members with services that add value, from buying power to marketing to financial programs," said Jeannine Ghaleb, Chief Operating Officer at Cantrex Nationwide. "easyfinancial purchase financing brings back a service to our group that has been absent since the onset of the 2008 recession and fills a need for our members. Our team and our members are excited for the program and the launch of a 50 plus store pilot slated to start this month."

"This is a great opportunity for both Cantrex Nationwide and easyhome," said Jason Mullins, Senior Vice President Operations, easyfinancial. "Many retail customers are frustrated as their less than perfect credit and financial status has limited their ability to complete a purchase. Providing retailers, such as Cantrex Nationwide members, with an additional financing option for their customers results in additional sales for the merchant as the customer is not leaving the retailer empty handed."

Cantrex Nationwide Group Inc., with offices in Montreal, Toronto and Vancouver, is an independent division of US based Nationwide Marketing Group. Founded in 1960, Cantrex Nationwide was acquired by Nationwide Marketing Group in May 2012. The combined entity is the largest buying and marketing group of its kind in North America and is comprised of independent furniture, household appliance, bedding, consumer electronics, photography, floor covering and home decor retailers. With more than 1,200 retail outlets in Canada, Cantrex Nationwide members produce an estimated $2.53 billion in annual retail sales. It provides its members with stronger buying power and an extensive array of advertising, educational, online marketing and financial programs and services.

easyhome Ltd. is the Canadian leader in providing goods and financial services to the cash and credit constrained consumer. easyhome serves its customers through two key operating divisions, easyhome Leasing and easyfinancial. easyhome Leasing is Canada's largest merchandise leasing company, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements through both corporate and franchise stores. easyfinancial is a leading provider of consumer loans as an alternative to traditional banks and payday lenders. easyhome Ltd. is listed on the TSX under the symbol 'EH'. For more information, visit www.easyhome.ca.

Contact Information

  • Cantrex Nationwide Group Inc.
    3075 Thimens Blvd, Suite 300
    St-Laurent QC H4R 1Y4

    Cantrex Nationwide Group Inc.
    Jessica Caruso
    Director of Marketing
    (514) 906-6100

    easyhome Ltd.
    33 City Centre Drive, Suite 510
    Mississauga, Ontario, L5B 2N5

    easyhome Ltd.
    Steve Goertz
    Senior Vice President and Chief Financial Officer
    (905) 272-2788