Telerent is the exclusive distributor of Philips TVs to hospitals and is one of the largest distributors of GE air conditioners and Philips TVs to the lodging industry. Telerent is also the nation's largest non-pay-per-view distributor of DirecTV satellite headends and programming to hotels. A significant portion of Telerent's equipment sales is financed through Telerent's in-house leasing program. For more than 10 years, Telerent has also provided a significant amount of lease financing to hotels and restaurants for equipment purchased from third parties. Telerent's leases are typically five-year, bargain purchase option leases.