Crelogix Acceptance Corporation appoints Neil Connolly Managing Director,
Healthcare Finance

BURNABY, BC, May 11 /CNW/ - Crelogix Acceptance Corporation announces the appointment of Neil Connolly as Managing Director, Healthcare Finance.

Neil's mandate is to create, develop and expand new and current partnerships with manufacturers, distributors, dealers and practitioners thereby increasing the business partners' sales, cash flow and bottom line profits. Prior to joining the company Neil Connolly provided key leadership at Securit International, Credit Acceptance Corporation and Carpenter Canada.

Neil holds an MBA in International and Strategic Management from The Schulich School of Business and Bachelor of Business Administration Degree (Marketing & Finance) from Lakehead University. Neil is based in Mississauga, Ontario.

Neil is also an executive who strongly believes in community service and gives back through charitable and other activities such as the Vancouver 2010 Olympic Games bid, X-C Ski coaching and working as a FIS international X-C Ski Official.

Neil is looking forward to the opportunities of his new position: "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 Acceptance Corporation has since 1974 been engaged by businesses to arrange, structure and fund unique indirect consumer financing solutions across a wide range of industries including tuition, automotive aftermarket, vacation ownership, healthcare, membership, consumer durables, power products and home improvements. Crelogix consults with its client partners to create term financing programs that attract and retain more clients, close more sales, and increase overall profitability. MyCrelogix is the company's proprietary automated loan adjudication and document processing system providing participating partners with real-time payment calculation, credit grading, contract compliance, loan status and portfolio reporting. For more information about Crelogix Consumer Finance or MyCrelogix visit www.crelogix.com or www.mycrelogix.com.

SOURCE CRELOGIX ACCEPTANCE

For further information: For further information: Joseph Kharshoum, Director of Marketing, Crelogix Acceptance Corporation, Office: (604) 293-1131 ext. 2903, jkharshoum@crelogix.com

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CRELOGIX ACCEPTANCE

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