PRESS RELEASE

State Securities provides funding for purchase of latest manufacturing machines by PG Technology  

Key point :

• Tailored funding solution provided for UK manufacturing business by State Securities
• Latest in high-quality manufacturing equipment installed in Mitcham site

Tuesday, 16 January 2007: One of the UK’s leading asset-financiers, State Securities, has provided finance to PG technology to enable them to purchase a new Okuma Multus B300-W lathe to add to their existing suite of equipment at their site in Mitcham, Surrey. PG Technology offer contract manufacturing, advanced tool making and grinding services to both UK and international companies and have over 50 years experience.

Terry Hounsome, Senior Sales Manager at State Securities, commented, “We were pleased to be involved in the finance deal which sees the latest in high-quality manufacturing equipment being installed. The deal exemplifies our willingness to support small and medium UK manufacturing businesses and our dedication to helping them grow and progress.”

Vincent Bootes, owner of PG Technology, added, “As a customer for over ten years with State Securities, I was confident they would be able to provide me with a deal that would suit our strategy for moving the company forward. Our investment demonstrates our ongoing commitment to providing our customers with high precision engineering equipment. By State Securities providing the asset finance for us, we have the ability to be a market leader in providing high-quality precision manufacturing solutions.”

State Securities are able to offer asset finance and refinance, commercial mortgages, factoring and the Small Firms Loan Guarantee to UK businesses under the umbrella of a ‘one stop shop’. Its expertise lies in finding tailor-made funding solutions for customers where other lenders may not have the resources or facilities to do so.

Contact : Terry Hounsome, State Securities, tel 01489 775600 or visit www.statesecurities.co.uk

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Notes to Editors :

State Securities

State Securities has over 26 years experience assisting business customers who are looking to raise finance for the acquisition of new or used assets, along with the re-financing of assets already owned by the business. It also provides commercial mortgages for properties including factories, warehouses, offices and retail outlets and factoring for State Securities type customers to help improve their cash management and to assist in trying to provide a complete finance package.

State Securities supports a wide range of clients, including public and private limited companies, partnerships and sole traders, and can also help companies that have difficulty in raising finance in a short period of time, for example new start businesses. Additionally, it specialises in assisting businesses in company or individual voluntary arrangements.

Registered Head Office : State Securities plc, Burlington House, Botleigh Grange Office Campus, Grange Drive, Hedge End, Southampton, Hants SO30 2AF, t 01489 775600

Visit www.statesecurities.co.uk

PG Technology

Visit www.pgtechnology.co.uk