Pacific & Western to provide financing for certain EllisDon Infrastructure Ontario projects



    LONDON, ON, June 6 /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
reached an agreement with EllisDon Corporation to act as its construction
financing partner for certain Ontario public hospital projects which are the
subject of a public bid process adjudicated by Infrastructure Ontario, the
procurement arm of the Province of Ontario, should such projects be awarded to
EllisDon. Mr. Taylor stated that "We are pleased to be teamed up with
EllisDon, one of Canada's leading construction companies, to provide a
complete financing and construction package to meet the needs of the Ontario
Government. Providing low cost financial solutions to the public sector is one
of the reasons the Bank was created."

    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, (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.

Organization Profile

Pacific & Western Credit Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890