Pacific & Western announces financing for Sharp Electronics of Canada Ltd. on public sector transactions



    LONDON, ON, April 19 /CNW/ - David Taylor, President & C.E.O. of Pacific
& Western Credit Corp. (TSX:PWC), is pleased to announce that Pacific &
Western Credit Corp.'s wholly owned subsidiary, Pacific & Western Bank of
Canada, has recently agreed to provide an umbrella credit facility to Sharp
Electronics of Canada Ltd. (Sharp).
    The facility will be used to finance Sharp equipment under contract to
various entities, and particularly entities that procure such equipment
through standing agreements with Sharp.
    Mr. Taylor stated that, "We are pleased to provide vendor financing of
this nature with a highly reputable company such as Sharp. This deal is a good
example of our ability to structure mutually beneficial low risk lending
activities."

    Pacific & Western Bank of Canada is wholly owned by Pacific & Western
Credit Corp., whose shares trade on the TSX under the symbol PWC.





For further information:

For further information: Investor Relations: Bruce Schruder, Vice
President, Investor Relations & Marketing, 1-800-244-1509,
InvestorRelations@pwbank.com; Public Relations & Media: Tel Matrundola, Vice
President, Public & Strategic Initiatives, (416) 203-0882, telm@pwbank.com; To
receive company news releases via e-mail: Karen McConnell, (519) 675-4204,
karenm@pwbank.com; Further information on PWC is available through Pacific &
Western's corporate web site at http://www.pwbank.com.

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Pacific & Western Credit Corp.

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