HSBC Launches Lumber Liquidators Credit Program

Prospect Heights, IL, May 23, 2007--HSBC Finance Corporation's card and retail services business has formed a strategic alliance with Lumber Liquidators, the nation's largest direct retailer of hardwood flooring, to grow its credit programs. HSBC will provide Lumber Liquidators commercial customers with customized business payment solutions, and also offer their consumer customers flexible credit options.

Source: HSBC Finance Corporation

The new HSBC credit programs offer Lumber Liquidators' consumer and commercial customers revolving credit products with a variety of special financing promotions. The consumer credit card carries no annual fee and provides cardholders with a dedicated credit line they can use for all of their in-store, catalog and online purchases. For the first time, commercial customers benefit from a host of unique, business-oriented program benefits including a dedicated credit line, expense management and detailed transaction information.

"Lumber Liquidators is a recognized leader in hardwood flooring sales, and we are pleased that they chose HSBC to launch and manage their consumer and commercial financing programs," said Joe Hoff, managing director of Retail Services for HSBC. "Our goal is to help Lumber Liquidators grow these segments by increasing sales through innovative, flexible financing solutions, while allowing them to focus on their core business needs."

"We want our customers to have options. Now they can select from a vast assortment of flooring and choose how to pay. Everyone can get the floor of their dreams at Lumber Liquidators," said Tom Sullivan, founder of Lumber Liquidators.