• April 29, 2008 7:00 AM
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Travelers and MAACO Partner to Provide Enhanced Consumer Finance Options for Automotive Repair in Canada


    VANCOUVER and MILTON, ON, April 29 /CNW/ - Today Travelers Acceptance
Corporation, an independent, national consumer finance company, and MAACO
Systems Canada Inc., Canada's most popular chain of auto paint and auto body
repair system specialists, announced their strategic partnership to provide
Canadian motorists with enhanced consumer finance payment options. Financing,
offered under Travelers Automotive Aftermarket Finance program, provides for
on the spot consumer loans for automotive painting and auto body repair
nationwide at more than 40 franchised MAACO locations.
    "We are proud to partner with MAACO in Canada to meet the needs of
Canadian motorists", said Pierre Genest, Director of Business Development for
Travelers Acceptance Corporation. "MAACO is an excellent choice for vehicle
owners, especially those who find themselves having to pay out of pocket for
repairs not covered by their insurers. The quality repairs and warranty
provided by the experts at MAACO give motorists peace of mind. We at Travelers
share the goal to provide customer satisfaction and service excellence."
    "MAACO Systems Canada welcomes the provision of consumer financing
through the Travelers Automotive Aftermarket Finance Program in support of our
franchisees and their customers. MAACO's franchised locations across Canada
continue to deliver fast, efficient, friendly and professional body work and
paint services to both fleet and consumer customers. The Travelers program is
one more way we can satisfy the needs of an even wider range of Canadians who
find themselves in need of professional vehicle repair", said Bob Mauro,
Director of Marketing for MAACO Systems Canada Inc.

    About Travelers: Travelers Acceptance Corporation has since 1974 been
engaged by small and medium size businesses to provide financial choice and
the generation of value through the application of experience, service and
innovation to arrange, structure and fund unique indirect consumer financing
solutions that close more sales, increase the businesses customer base and
overall profitability. Travelers Acceptance Corporation consults with its
business clients to create term financing solutions and services specifically
tailored to providers and consumers of products and services in tuition,
automotive aftermarket, automotive repair, vacation ownership, healthcare,
membership, consumer durables, retail, power products and home improvement
businesses. For more information about Travelers Consumer Finance visit
www.travelersacceptance.com.

    About MAACO

    MAACO has more than 500 body shop locations across North America
providing auto paint and auto body repair services for over 12,000 vehicles a
week, 600,000 a year - more than any other company in North America. MAACO's
popularity among vehicle owners is one reason MAACO has become North America's
number-one automotive aftermarket franchise in terms of unit sales. For more
information about MAACO, visit www.maaco.ca.




For further information: Media Contacts: Bob Mauro, Director of
Marketing, MAACO Systems Canada Inc., bmauro@maaco.com, (905) 875-1248; Pierre
Genest, Director of Business Development, Travelers Acceptance Corporation,
pgenest@travelersfinancial.com, 1-800-637-8622