InkTec Zone, EquiCapital Offer Financing for Entry Into Inkjet Cartridge Refilling Market
CAMBRIDGE, Mass. — In a move sure to spur growth in the inkjet cartridge refilling market, InkTec Zone America has partnered with EquiCapital Inc. of Newport Beach, Calif., to provide InkTec customers with flexible financing options in the acquisition of InkTec’s industry-leading Ink-O-Matic inkjet cartridge refilling system, announced InkTec Zone President and CEO Bill McKenney.
“The Ink-O-Matic is the most technologically advanced inkjet cartridge refilling system yet developed,” McKenney said. “It offers a unique, through-the-printhead filling technology, an internal quality tester, menu-driven operation and on-board video training. Now, with financing options backed by EquiCapital, one of the nation’s leading capital equipment financing companies, the Ink-O-Matic is as easy to acquire as it is to operate.”
“We don’t believe the upfront cost of the system should stand in the way of retailers participating in the growing market for refilled replacement cartridges for inkjet printers. InkTec has teamed with EquiCapital to offer a portfolio of flexible financing programs that help retailers get into the market with as little capital as possible, allowing them to fund the purchase of the Ink-O-Matic system as their inkjet refilling business grows,” he adds.
According to Leo D. Lynne, Jr., president of EquiCapital, the InkTec program offers financing options to meet just about every budget and cash flow need.
“New customers can get into the inkjet refilling business for as little as $32 a day on a standard lease. That means by refilling just six inkjet cartridges per day at average net revenue of $12 per cartridge, in 30 days the Ink-O-Matic will generate $2,160 in gross revenue, more than offsetting the $960 monthly lease expense,” Lynne said.
In 2006, U.S. consumers purchased nearly 600 million replacement cartridges for their inkjet printers. With the emergence of advanced refilling technology such as the Ink-O-Matic, those consumers have begun turning to refilled, recycled inkjet cartridges, saving 50 percent or more of the cost of new replacements. This growing demand from consumers and small businesses for cartridge refilling, along with gross profit margin potential of 85 percent to 95 percent, is fueling market growth and adoption among retailers,” McKenne said.
EquiCapital provides solutions-oriented, specialty commercial finance products to qualified sellers of capital equipment, nationwide. The company is a direct lender and also manages a wide-ranging network of capital resources, including private investment and global institutional lines.
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This article originally appeared in the October 2007 issue of Recharger.