Crelogix Acceptance Corporation appoints Joseph Kharshoum as Director of
Marketing.

BURNABY, BC, April 5 /CNW/ - Crelogix Acceptance Corporation announces the appointment of Joseph Kharshoum as Director of Marketing.

Joseph brings 25 years of experience in financing and retail management for such companies as CitiFinancial, Home Depot and Kmart. Joseph's mandate is to work with Crelogix business line leaders and coordinate marketing initiatives across all business lines insuring successful, cost effective campaigns.

Joseph, looking forward to the opportunities of his new position, stated: "I am proud to be a member of the Crelogix Management Team and I am looking forward to be able to contribute in a meaningful way to the ongoing success and future growth of Crelogix."

About Crelogix: Crelogix is a non-bank Canadian financial services organization. Since 1974 Crelogix has been acquiring and or providing ongoing funding, receivables management, third party servicing, collection, advisory, and related services to providers of consumer products and or services in the automotive aftermarket, consumer durables, healthcare, home improvement, membership, tuition, power products and vacation ownership sectors. 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: For further information: Media Contacts: Hugh Irvine, Director of Communications, Crelogix Acceptance Corporation, hirvine@crelogix.com; Joseph Kharshoum, Director of Marketing, Crelogix Acceptance Corporation, jkharshoum@crelogix.com

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CRELOGIX ACCEPTANCE

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