TEMPOE SECURES $150 MILLION IN FINANCING

(CINCINNATI, OH – Jan. 18) – TEMPOE, a leading provider of no credit required consumer leasing, announced today it has secured $150 million in senior secured credit from its financing partner. At the initial closing, the credit facility will include a total commitment of $112 million and will refinance TEMPOE’s current credit facility. In March, the total commitment will be increased to $150 million. The agreement also includes a commitment to increase financing to $250 million at the lender’s discretion.

“Capital is critical for any business, but it is particularly important for us to be able to grow our footprint among retailers, explore new markets and make strategic acquisitions,” said David Davis, CEO of CNG Holdings, TEMPOE’s parent company. “We believe this puts us in a great position for continued success as the number of underserved consumers grows.”

The financing will allow TEMPOE to continue to grow both the number of retailers it serves and consumers who turn to the company for innovative lease products. TEMPOE recently issued its one-millionth lease, and has seen an average of 300-percent annual growth since it was founded in 2009.

The terms of the facility will also allow TEMPOE to make a significant investment in the online shopping space. TEMPOE provides consumers with an affordable alternative for possessing durable consumer goods such as furniture, appliances and electronics.

For more information about TEMPOE and the several payment options it provides retailers, visit the TEMPOE.com homepage.

Stephens Inc. acted as exclusive financial advisor to TEMPOE in this transaction.

About TEMPOE
TEMPOE, formerly WhyNotLeaseIt, is a leading provider of consumer leasing products that facilitates retail shopping. TEMPOE provides several flexible payment options with the opportunity of quick and economical ownership for consumers. TEMPOE was founded in 2009 and serves the furniture, home electronics, appliance, jewelry and automotive industries. For more information, visit TEMPOE.com.

Media Contact:
Terry Casazza | tcasazza@TEMPOE.com | 603-637-2987

TEMPOE Celebrates 1 Million Leases

(CINCINNATI – Nov. 10) – TEMPOE, a leading provider of no credit required products that facilitate shopping, recently executed its 1 millionth lease, showing massive growth and popularity in its program since the company was founded in 2009.

“From our humble beginnings starting out in a New Hampshire basement to reaching this milestone in just seven years, we are proud of our company’s growth,” said Orlando Zayas, President of TEMPOE. “Our team has developed an offering that clearly meets both retailer and consumer needs.”

TEMPOE completed around 1,500 leases during the first year the service was offered, but growth came quickly – the number of leases has more than doubled each year. Now, the company sees more than 1,500 leases in a single day.

“These leases represent nearly $1 billion in sales, and provide crucial opportunities for our retailer partners to expand into a new segment of the marketplace,” Zayas said.

TEMPOE partners with furniture, electronics, jewelry and appliance retailers, automobile service shops and other merchants to provide consumers with flexible payment options and a path to ownership.

“We couldn’t have achieved this milestone without our amazing group of employees – many of whom have been with us from our launch a few years ago,” Zayas said.

TEMPOE has plans to continue its organic growth, adding new retailers and industries to its portfolio.

“I hope that we’ll be completing 1 million leases each year in the future,” Zayas said. “I know our team and retail partners can support this growth.”

About TEMPOE

TEMPOE, built upon the roots of WhyNotLeaseIt, is a leading provider of no credit required products that facilitate shopping. TEMPOE provides several flexible payment options with the opportunity of quick and economical ownership for consumers. TEMPOE was founded in 2009 in Manchester, New Hampshire and is now headquartered in Cincinnati, Ohio. TEMPOE serves the furniture, home electronics, appliance, jewelry and automotive industries.

Media Contact:

Terry Casazza | tcasazza@TEMPOE.com | 603-637-2987

Important System Enhancement: CVV Security

As TEMPOE looks to strengthen the security of customer information, we will be implementing the need to enter a CVV number when a customer uses any card for his or her first or ongoing form of payment. This change will take place Tuesday September 13, 2016. If you have any questions please contact your account manager, Retailer Support (at 844-863-2948) or email retailsupport@tempoe.com.

Where to find the CVV number

cvv  Important System Enhancement: CVV Security cvv

Visa/MasterCard/Discover
A 3-digit number on the back of your card near your signature.

American Express
A 4 digit number on the front, right-hand side of your card that is printed above your card number.

Free Bonus Content from TEMPOE’s CMO

amanda  Free Bonus Content from TEMPOE's CMO amandaA special message from Amanda Costanzi, Chief Marketing Officer at TEMPOE:

Here at TEMPOE, we value our business partners and want to assist in their success whenever possible.

To that end, I’d like to offer you the opportunity to download a white paper that I recently published, “The Tidal Wave of a New Generation at Work—Millennials are Shifting the Retail Workplace.”

By clicking this link, you get exclusive access to a new way TEMPOE aims to partner with you to add value to your business.

Amanda Costanzi

Free Bonus Content From TEMPOE’s COO

josh  Free Bonus Content From TEMPOE's COO joshA special message from Josh Seuberling, Chief Operating Officer at TEMPOE:

As a valued customer, I’d like to offer you the opportunity to download a white paper that I recently published, “Pro-Consumer Collections—an Oxymoron.”

By clicking this link, you get exclusive access to a new way TEMPOE aims to partner with you to add value to your business.

Josh Seuberling

Josh will be speaking at the 2016 Debt Collection Forum in St. Louis later this month. For more information or to register to hear him speak, go to the event website.

TEMPOE runs Tool Drive for Habitat for Humanity®

zzzz  TEMPOE runs Tool Drive for Habitat for Humanity® zzzz1After a 2015 filled with philanthropic endeavors, TEMPOE wasted no time starting another year of giving back to the community in 2016. Associates and executives in the Cincinnati and Manchester TEMPOE offices spent the months of December and January gathering tools to donate to local Habitat for Humanity® centers.

The TEMPOE Tool Drive resulted in hundreds of tool donations for Habitat for Humanity® centers in Cincinnati and Manchester. The tools will help the local Habitat for Humanity® centers in the ongoing building of simple, affordable homes in partnership with low-income families.

“I’m incredibly proud of our team’s commitment to giving back to the community,” said TEMPOE President Orlando Zayas. “It was particularly special to see such widespread participation in the Tool Drive during the holiday season. I’m looking forward to even more philanthropy from our team in the new year.”

10624968_10156417308870564_6738803933068719659_n  TEMPOE runs Tool Drive for Habitat for Humanity® 10624968 10156417308870564 6738803933068719659 nThe hundreds of donated tools will aid in building and rehabbing of more than 40 homes in the Tri-State area around Cincinnati and many more homes in the New Hampshire region. Workers will receive hammers, nails, extension cords, working gloves, entire tool boxes and more thanks to the donations from the TEMPOE team.

To follow the immediate impact from TEMPOE’s donations, head to Habitat for Humanity’s local Facebook pages for the Cincinnati and Manchester areas.

Habitat for Humanity’s vision is “a world where everyone has a decent place to live.” Their mission is “to put God’s love into action by bringing people together to build homes, communities and hope.”

To read more about TEMPOE’s philanthropic efforts in 2015, click here.

TEMPOE Hires Phil Layher as Executive Vice President, Business Development

PL Headshot 2013  TEMPOE Hires Phil Layher as Executive Vice President, Business Development PL Headshot 2013(CINCINNATI—January 6, 2016) Phil Layher has joined TEMPOE as the executive vice president, business development. Layher will work to create new business relationships with large retailers. He’ll also be responsible for seeking additional partnership opportunities.

Prior to joining TEMPOE, Layher worked with NewComLink, developing key client relationships with The Home Depot, Sony PlayStation, Value City Furniture, The RoomPlace, Guitar Center and more. Previously, Layher served as president of American Finco Financial Services.

“Phil’s strong retailer relationships, combined with his knowledge of second- and third-tier financing solutions fits perfectly with our innovation and growth strategies,” said Orlando Zayas, TEMPOE president. “Phil adds great value and rounds out our talented executive team.”

“I was attracted to TEMPOE because the company is way ahead of the game, especially when it comes to technology and marketing prowess,” said Layher. “I also feel the team is among the most personable and professional in the industry.”

Layher earned a bachelor’s degree in business from Montana State University. He currently resides in Austin, Texas, with his wife. Layher has four grown children.

About TEMPOE

TEMPOE, built upon the roots of WhyNotLeaseIt, is a leading provider of no credit required
shopping. TEMPOE provides several flexible payment options with the opportunity of quick and
economical ownership for consumers. TEMPOE was founded in 2009 in Manchester, New
Hampshire, and serves the furniture, home electronics, appliance, jewelry and automotive
industries. For more information, visit TEMPOE.com.

Media Contact

Terry Casazza | tcasazza@TEMPOE.com | 603-637-2987