By Paul Hayes

MELBOURNE, VIC: International computer and office equipment financing company, ThinkSmart, has announced a two year contract extension with JB Hi-Fi that will see the three year relationship through to the middle of 2012.

ThinkSmart offers a financial service designed to fill the gap between a credit card and a bank loan, enabling consumers and small business customers to get immediate approval for essential equipment via an operating lease.

According to ThinkSmart chief executive, Ned Montarello, the relationship with JB Hi-Fi is a mutually beneficial one.

“We are delivering strong like for like growth with JB Hi-Fi and are benefitting from both the improvements delivered by our QuickSmart in-store processing system and new product enhancements.

“We look forward to continuing playing our role in supporting JB Hi-Fi in its growth path.”

New JB Hi-Fi cheif, Terry Smart, told last week that those growth plans include an ultimate target of 210 stores nationwide.

“That leaves us with about 80-odd stores to still open and we open 13-15 a year, so that’s 5-6 years worth of store openings ahead of us,” said Smart.