NewsFlash
First Look
The Market Place
The Directory
The Office
Events Calendar



Travel Information
NewsFlash
E-mail
Chat Room
Dictionary
Area Codes / Zip Codes
Tracking Shipments
Bulletin Boards / Forums
Advertise Here
Contact Us

This website maintained by

CoinopTODAY.com.
Material Copyright
1995-2007 CoinopTODAY.com Respective logos , trademarks and copyrights remain the property of the named company's and corporations

CoinopTODAY.com

---

FIRESTONE FINANCIAL Coin-Op Association & Finance Firm Team Up To Help Operators

AMOA AND FIRESTONE FINANCIAL ANNOUNCE ‘BONUS REWARDS PROGRAM’
             

The largest coin-op amusement industry trade association has teamed up with a leading equipment financing company in a unique program designed to enable equipment operators to more easily expand and/or upgrade their routes, and to provide an incentive to purchase through distribution.

The Amusement & Music Operators Association (AMOA), the industry trade organization comprised primarily of operators and distributors of coin-operated amusement, music and vending equipment, and Firestone Financial, the leading source of equipment financing in that industry, announced this week a first-ever joint promotion: The ‘AMOA / Firestone Partner Rewards Program.’

According to Larry Yaffe, Firestone’s Senior Vice President – Sales & Marketing, “We were very purposeful in designing the program to provide a benefit to operators and distributors, so that the industry as a whole will continue to be strong.  Our company is dedicated to the financial health and well-being of the coin-op amusement community, a large part of which is the AMOA.  We couldn’t be more delighted to partner with AMOA and provide another strong benefit to being a member of AMOA.

Jack Kelleher, Executive Vice President of AMOA said, “We’re pleased to be able to form this alliance with Firestone and offer this unique new benefit for our members. In addition to the many other reasons to join AMOA, now the cost of membership can actually pay for itself through savings when members take advantage of our new program with Firestone.”

Yaffe outlined highlights of the program:

• Only AMOA members may participate.
• For every $1,000 financed, the borrower receives 1,000 Partner Reward Points.

      (Example: Borrow $20,000 for coin-op equipment financed by Firestone 
      Financial , receive 20,000 points)

• A borrower who accumulates 20,000 points can receive a $100 credit toward equipment purchased from a participating distributor if financed through Firestone.
• A borrower accumulating 100,000 points qualifies for a rate of 9.75% (Prime + 1.5%) on a qualified equipment purchase up to $25,000 up to 24 months, which can result in as much as $1,000 in interest savings on a standard two year loan.
• The program year will run from May 1st until December 31st 2007 or until all points are earned.  (Firestone Financial Corp. has allocated a total of 2 million points for this program.  Firestone Financial Corp. reserves the right to amend or terminate this program at its sole discretion)
• An operator may cash in Partner Rewards Points one time per program year.
• Points must be redeemed through Firestone to receive coupon for the $100 equipment credit or the 9.75% equipment loan.

About AMOA
AMOA is the national trade group representing coin machine operators, distributors, manufacturers and other firms engaged in the coin-activated equipment business.   Founded in 1948, the South Barrington, IL-based association currently has more than 1,500 firms on its membership roster.   For more information on AMOA, contact Jack Kelleher at 800-937-2662 or via email at:  jackamoa@aol.com

About Firestone Financial Corp.
Firestone Financial Corp. has been the leading independent provider of financing to the coin-op amusement industry since 1965. Firestone has gained a specialized knowledge and understanding of the amusement and vending trades, as well as equipment financing for small businesses. The company prides itself on building long-term relationships; over 75% of its business is from repeat customers. For more information on Firestone Financial, please call 1.800.851.1001 or visit www.firestonefinancial.com.

Contact:
Larry Yaffe, Senior VP-Sales & Marketing, 1.800.851.1001, lyaffe@firestonefinancial.com
Melissa Siegal, Marketing Assistant, 1.800.851.1001, msiegal@firestonefinancial.com