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GE Capital Retail Bank and ShopNBC Announce Renewal of Consumer Credit Card ...

ShopNBC offers customers a unique variety of must-have products, informative guest experts and entertaining content across TV, Internet, social and mobile platforms. GE Capital Retail Bank and ShopNBC initially launched the credit card program in 2006. Since the introduction, a number of enhancements have been implemented providing ShopNBC account holders added benefits, including free shipping promotions, flexible payment options and deferred interest periods for qualifying purchases.

“We are pleased with the renewal of our consumer credit card program,” said ShopNBC EVP & CFO Bill McGrath. “GE Capital Retail Bank has a strong understanding of our business, which has helped to shape the program over the last six years. They have been a great partner in helping provide our customers an engaging, shop-with-confidence experience that keeps them coming back again and again.”

“Continuing our relationship with ShopNBC supports our commitment to provide solutions that customers value and provides our clients with a competitive advantage,” said Margaret Keane, CEO and president of GE Capital’s Retail Finance business.

About ValueVision Media/ShopNBC

ValueVision Media, Inc. operates ShopNBC, a multichannel electronic retailer that enables customers to interact and shop via TV, Internet, mobile devices, Facebook, Twitter and YouTube. The ShopNBC television network reaches over 80 million cable and satellite homes, in addition to live nationwide streaming at www.shopnbc.com and iPhone and Android devices. ShopNBC merchandise is focused on Home & Consumer Electronics, Health & Beauty, Fashion & Accessories, and Jewelry & Watches. Net sales for the past 12 months were approximately $590 million, 45% of which was via the Internet or mobile. Please visit the company's investor relations website at www.shopnbc.com/ir for this and other company information.

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