Private financing group acquires manufacturer of Sun Capsule Indoor Tanning Booths and its finance program, the Flex Lease Plan.
Millennium will continue to manufacture the Sun Capsule brand while expanding its portfolio of low cost, hassle free Flex financing throughout the industry for both new and used equipment. Millenniums’ CEO, Richard Kosinski will lead the new company and has announced that industry veteran Wayne Chevie will join him as Executive Vice President at Millennium.
Sun Capsule will continue its long-standing relationship with Cosmedico Light, Inc both as its OEM lamp partner as well as developing new strategic opportunities in the lighting industry.
“Our research shows a tremendous demand for an easy, low cost financing program such as the Flex Lease Plan to serve the needs of tanning salon operators and chains, and we are bringing much needed capital into this under served market,” said Mr. Kosinski. Since 1997 Sun Capsule has financed over 4,500 of its tanning booths using its innovative pay as you go, usage based leasing program.
“The Flex Leasing program is hands down the best financing solution in the industry. Nowhere else can a salon operator finance his business based on how many customers use the equipment,” according to Mr. Chevie.
Sun Capsule will continue to market its newest model the 7-minute Vitesse along with several other models as well as new designs which the company will develop.
For further information:
(800) 272-8267 ext. 200