NATIONWIDE MARKETING GROUP ANNOUNCES AGREEMENT WITH WELLS FARGO FINANCIAL RETAIL SERVICES

WINSTON-SALEM, N.C. – Feb. 9, 2007 - Nationwide Marketing Group – a national buying group serving the appliance, electronics and furniture industries – announced today the development of a new revolving credit program with Wells Fargo Financial Retail Services. The program makes Wells Fargo Financial Retail Services a preferred provider of consumer financing with Nationwide Marketing Group.

Wells Fargo Financial Retail Services, a subsidiary of Wells Fargo Financial, specializes in customized retail financing solutions designed to meet the individual needs of independent retailers and their customers.

"We're pleased to have Wells Fargo Financial Retail Services team with our organization," said Ed Kelly, president of Nationwide Marketing Group. "We've been working with them for several months, developing an enhanced program for our members."

Les Kirk, Nationwide executive vice president, added: "Our members participating in this program will immediately have access to the assortment of financing alternatives on the Nationwide promotional calendar. We are very impressed with the Wells Fargo Financial Retail Services team and look forward to working with such a professional group of individuals."

Vince Raneri, Wells Fargo Financial Retail Services senior vice president of national sales, said the company is ready to work with Nationwide Marketing Group and its management team to help participating members grow their business.

"We’re committed to providing a top-notch program with an unparalleled level of service that benefits both the participating members of Nationwide Marketing Group and its customers," Raneri said.

Nationwide Marketing Group (NMG), headquartered in Winston-Salem, N.C., is the nation’s largest buying and marketing organization for independent appliance, electronics, and furniture dealers. Larger than all competing groups combined, NMG has approximately 2,800 members throughout the United States –independent dealers with more than 7,500 storefronts and a combined $11 billion in annual sales. Nationwide Marketing Group, the parent organization of RentDirect-Nationwide and Specialty Electronics-Nationwide, offers a unique portfolio of services designed to support its members and strengthen their position in the marketplace. NMG hosts two premier buying conventions each year—known as PrimeTime!—that draw thousands of dealers and major manufacturers. PrimeTime! features nationally-known keynote speakers, provides educational seminars through PrimeTime! University, and allows dealers to receive exclusive savings and view the latest products with manufacturer representatives.

Wells Fargo Financial Retail Services, headquartered in Des Moines, Iowa, specializes in providing consumer private-label and dual-line credit card programs to retailers in North America. Its parent is Wells Fargo Financial, a unit of Wells Fargo & Company. Wells Fargo Financial provides real estate-secured lending, automobile financing, consumer and private-label credit cards and commercial services to consumers and businesses. Wells Fargo Financial has $69 billion in assets, approximately 22,000 team members and operates in 48 states across the U.S., the 10 provinces of Canada, Puerto Rico and the Pacific Rim. It is headquartered in Des Moines, Iowa. More information about Wells Fargo Financial is available at .

Media

  • Matt Johnson
  • Wells Fargo Financial Retail Services
  • (515) 557-8596
  • Steve Carlson
  • Wells Fargo Financial
  • (515) 557-6144
  • Andrea Bailey
  • Nationwide Marketing Group
  • (336) 714-5093