In The News

For: Shoppers Charge Accounts, Mahwah, NJ
From: Parness & Associates, Aberdeen, NJ

For Immediate Release

DO IT BEST CORP. SELECTS SCA TO DEVELOP AND ADMINISTER PRIVATE LABEL CREDIT CARD PROGRAM FOR DEALER NETWORK

MAHWAH, N.J. (1/11/08) - Do it Best Corp., a buying cooperative offering products and retail services to independent hardware, home center and lumberyard member-retailers throughout the world, has selected Shoppers Charge Accounts Co. (SCA), headquartered here, to develop and administer a new private label credit card program for its dealers throughout the United States.   

Headquartered in Fort Wayne, Ind., Do it Best Corp. is the only U.S-based full-line, full-service, member-owned distributor of lumber, hardware and building materials products in the home improvement industry. Do It Best Corp. has 4,100 member-owned locations throughout the Untied States and in 47 countries throughout the world.

Now being offered to member-owned stores in the United States, the new Do it Best® credit card will provide such special features as 90-days and six-months, ‘same-as-cash’ extended payment terms.

About Shoppers Charge Accounts Co.
and TD Banknorth, N.A.
           
Headquartered in Mahwah, N.J., Shoppers Charge Accounts Co. (SCA) ranks among the nation’s largest private label credit card companies. A division of TD Banknorth, N.A., the company launches and administers new credit card portfolios for brick-and-mortar, internet and catalog merchants, and acquires retailers’ existing credit card portfolios.

TD Banknorth Inc. is a leading banking and financial services company headquartered in Portland, Maine, and a wholly-owned subsidiary of TD Bank Financial Group headquartered in Toronto, Canada. TD Banknorth is one of the 25 largest commercial banking organizations in the United States, with over $58 billion in assets. TD Banknorth's banking subsidiaries include TD Banknorth, N.A., which operates banking divisions in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Vermont, and TD Bank USA, N.A. TD Banknorth and TD Banknorth, N.A. also operate subsidiaries and divisions in insurance, wealth management, merchant services, mortgage banking, government banking, private label credit cards, insurance premium financing and other financial services and offers investment products in association with PrimeVest Financial Services, Inc. For more information, visit http://www.TDBanknorth.com.