The US-based cartridge manufacturer and retailer will work with Ideal Corporate Funding to fund retail purchase orders and inventory builds.
Market Wired reported on the deal, which will see the retailer and manufacturer fund “large big box retail purchase orders and inventory builds”, with Ideal Corporate Funding a company based on “provid[ing] financing to corporations quickly and conveniently”, particularly those that intend to “expand manufacturing and increase purchasing power”.
Lenny Greene, CEO of Greene Concepts, stated: “This contract with Ideal Corporate Funding secures the requests we receive for retail purchase orders and greatly expands our ability to meet the supply demands of large retail chains. With this agreement, we feel confident and ready to meet the demands of any and all retailers who sell our products to the public through their brick-and-mortar, online stores or catalogs and market our products to a new and expanding customer base.”
The company also recently released an inkjet refill product line under the brand name INKtelligence, which Greene noted “allows us to offer quality and reliable inkjet and toner refill solutions to the masses while helping them save money”. Greene Concepts reported in July 2012 that its offshoot company, Inkway USA, would “revolutionise” the ink market.