VRX Vectrix S

RNS Number:5190S
Vectrix Corporation
17 April 2008

Date:             17 April 2008
On behalf of:     Vectrix Corporation ("Vectrix" or "the Company")
Embargoed until:  0700hrs


       Vectrix Announces Dealer Finance Program with GE Capital Solutions

Multi-million dollar floor planning program will encourage Vectrix dealer growth
                            throughout North America

Middletown, R.I. - April 17 - Vectrix Corporation (www.vectrix.com), the maker
of the world's first high performance, two-wheel zero emission vehicle (ZEV),
today announces a new Dealer Finance Program with GE Capital Solutions'
Commercial Distribution Finance to provide inventory floor planning for North
American Vectrix dealers.

GE's Commercial Distribution Finance, a leader in Powersports financing, will
offer Vectrix dealers an inventory floor planning program allowing them the
capability of having on hand an inventory of Vectrix ZEVs in showrooms for sale
to consumers.

Commenting on the agreement, Chris Moe, Chief Financial officer of Vectrix said:
"We are very excited to announce that GE will provide inventory floor planning
for North American Vectrix dealers. We selected GE because of its commitment to
environmental initiatives under its Ecomagination strategy. In addition, GE is
well respected in the Powersports industry and this Dealer Finance Program
demonstrates Vectrix's commitment to building a world class dealer network. This
agreement enables Vectrix to offer floor planning for both existing and new
dealers facilitating rapid dealer growth."

Chris Moe continued: "Vectrix began its early release of its ZEV in the second
half of 2007 with five US dealerships. Over the course of the last week, and as
a result in part of the prospect of availability of GE floor planning, six
additional US dealerships have been added. Vectrix is now well positioned to
continue a planned major expansion of its North American distribution network as
the Company is better able to assist dealers in meeting their financing
requirements."

Sam Yourd, Vice President Marketing, GE Capital Solutions added: "Existing
Dealers have expressed an interest in the product and have begun financing it
with us. We look forward to helping Vectrix get more ZEVs on the road and
expanding its dealer network."


Enquiries to:

VECTRIX Corporation                         www.vectrix.com
Chris Moe, Chief Financial Officer          (401) 848-9993

GE Capital Solutions
Sam Yourd, VP Marketing                     (949) 225-2078

Redleaf Communications                      vectrix@redleafpr.com
Emma Kane / Paul Dulieu                     +44 (0)20 7822 0200

HSBC
Nick Donald / Nic Hellyer                   +44 (0)20 7991 8888


About Vectrix Corporation

* Vectrix listed on AIM in May 2007 and is the developer of the world's first
  high performance, zero emission, electric motorcycle which is at least 10
  times more powerful than existing electric power two wheel vehicles.

* Vectrix Corporation is dedicated to developing and commercializing zero
  emission vehicle platform technologies focused on two-wheel applications.
  Longer term, Vectrix plans to develop environmentally sensitive technologies
  for other segments within the transportation industry.

* Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern
  vehicle assembly facility in Wroclaw, Poland and an R&D center in New Bedford,
  Massachusetts.

* Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation
  and Leadership in Alternative Vehicle Technologies.

* Transportation is the largest single source of air pollution in the world. A
  typical motorcycle/scooter produces significantly more CO2 and pollutants than
  a large diesel truck, and far more than a modern low emission automobile. The
  Vectrix bike utilizes innovative zero-emission technology, offering customers
  a clean, affordable, and much needed alternative.


About GE

GE Capital Solutions, Commercial Distribution Finance, is a leading provider of
specialized financing products and services for various industries. Offerings
include inventory financing, accounts receivable financing, asset-based lending,
private label financing, collateral management, e-commerce services and related
financial products. Additional information about CDF can be found online at
www.ge.com/cdf.

GE Capital Solutions provides leasing, lending and capital investment products
and services to help business customers grow. It has over $100 billion in
assets, serves more than 1 million clients around the world and is headquartered
in Danbury, Conn., USA. For more on GE Capital Solutions, go to www.ge.com/
capitalsolutions. GE (NYSE:GE) is Imagination at Work - a diversified
technology, media and financial services company focused on solving some of the
world's toughest problems. For more information, visit the company's Web site at
www.ge.com.




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            The company news service from the London Stock Exchange

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