New Strategic Alliance To Benefit Video Gaming Terminal Marketplace

Aug. 6, 2009 - PRLog -- The Funding Stop, LLC has formed a strategic alliance with American Vending Sales, Inc., to be (pending all necessary regulatory approvals) distributors of video gaming terminals.

This strategic alliance is a great opportunity for terminal operators to secure custom-structured financing solutions for competitive growth.  The Funding Stop is widely recognized in the Louisiana video gaming terminal marketplace as a one-stop shop.

The complementary strengths of the dynamic collaboration between The Funding Stop and American Vending Sales will enable end customers the opportunity to purchase video gaming terminals and manage critical business needs using an array of creative and flexible financing solutions, traditionally scarce in today’s economy.  It is the goal of The Funding Stop to provide all necessary capital to future terminal operators in a tough banking environment, and to be their one-stop partner from initial ordering, to roll-out, soft money needs, and business expansion!

“We are excited to provide financing programs to American Vending Sales and support their customers,” said Edgar G. Colomb, Jr., President of The Funding Stop.  “Our programs are custom-designed with the knowledge that most of our potential customers will face funding challenges amidst one of the worst financial marketplaces of our time.  Moreover, as seasoned veterans of the casino gaming industry, bringing three decades of executive gaming experience and niche knowledge of amusement games slot routes (video gaming terminal routes) the principals of The Funding Stop are equipped with a unique understanding of future terminal operators’ cash flow and business growth needs.”  

“American Vending Sales is extremely pleased to be working with The Funding Stop”, said Tony Shamma, VP of Music and Game Sales for AVS. “We believe that with The Funding Stop’s experience in gaming financing since 1992, they would be able to bring tremendous value to our customers with video lottery terminals (VLTs).”

Based in Elk Grove Village, IL, and founded in Chicago in 1971, AVS has established itself as the preeminent full-service amusement and vending distributor in Illinois, with a broad customer base encompassing the entire state. AVS offers a complete range of services to its customers and the manufacturers it represents, from sales of new and used equipment and parts to comprehensive repair and refurbishing.

The Funding Stop has corporate headquarters in Burr Ridge, IL and additional sales offices in New York and New Orleans.  Specializing in financing products for the video gaming terminal sector, The Funding Stop can design or re-design financing options to fund every slot route project.

ABOUT THE FUNDING STOP
The Funding Stop provides flexible equipment financing programs and innovative sources of capital to help all terminal operators compete and grow.  It is expected that the combined synergy and significant experience of The Funding Stop coupled with American Vending Sales will create rapidly expanding video gaming growth throughout the Illinois market.