Crelogix signs lease for larger, improved head office.

BURNABY, BC, April 4 /CNW/ - Crelogix announced today that it has finalized a contract with Appia Developments Limited to lease space in Appia's new Amec complex at 4445 Lougheed Highway in Burnaby. The Amec space will become the new location for Crelogix Acceptance Corporation's head offices in the early summer of 2011.

The Amec location, situated one-half block west of Brentwood Town Centre and Brentwood Skytrain Station, will provide Crelogix with the necessary increased space for its rapidly growing head office management and service personnel.

"We are looking forward to being able to provide our staff with a superior office environment and a much increased capacity for expansion that will meet the needs of our ongoing and anticipated future growth," said Karl Sigerist, President & Chief Executive Officer of Crelogix. "Furthermore, we also expect that the efficiencies created by this move will enable us to continue providing the high levels of service and satisfaction that our customers have come to expect from Crelogix all within a context of rapid growth and expansion."

"We are very pleased to welcome Crelogix to our office portfolio," said Appia President Jim Bosa. they are a market leader in their field and we look forward to working with them."

About Crelogix: Crelogix is a non-bank Canadian financial services organization. Since 1974 Crelogix has been active across Canada in the tuition, automotive aftermarket, vacation ownership, healthcare, membership, consumer durables, power products, home improvement and financial intermediary sectors - advising its business and institutional partners on unique and innovative consumer financial solutions from Loan Funding, Portfolio Acquisition, Third-party Portfolio Administration, Servicing, Collections, Asset Recovery or the Disposition of Canadian consumer installment loan receivables portfolios.

MyCrelogix.com is a proprietary internet based automated credit adjudication and loan or lease document processing system. MyCrelogix.com provides our clients with real-time payment calculation, credit grading, contract compliance, funding status and ongoing portfolio reporting. For more information go to www.crelogix.com

SOURCE Crelogix Acceptance

For further information:

Media Contacts:
Hugh Irvine, Director of Communications
Crelogix Acceptance Corporation
T: 800.667.6640 E: hirvine@crelogix.com

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Crelogix Acceptance

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