Travelers Acceptance Corporation has changed its name to Crelogix

BURNABY, BC, March 15 /CNW/ - Travelers Acceptance announcing that effective today, the name of the company has been changed to Crelogix Acceptance.

Karl Sigerist, President and Chief Executive Officer of Crelogix said: "Since 1974 the Travelers name has enjoyed an envied history of superior products and service within the Canadian and, this past decade the online marketplace. However, we have become increasingly aware that the familiarity of the word within the larger financial services space has the potential to cause confusion for our clients. It is the very success of Travelers Acceptance that has made it necessary for a change in our branding as we continue to grow our own unique presence within the Canadian and online marketplace.

"The adoption of MyCrelogix.com through our 5,000 plus business partners has positioned the organization as the leading independent national provider of indirect point of sale consumer finance credit solutions. Manufacturers, distributors, wholesalers, buying groups, master franchisors, national, regional and local business have come to depend on the team at Crelogix to provide origination, processing, adjudication, funding, servicing, collections technology, sales and marketing know-how to increase revenue, profit margins and bottom line profits."

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 Contact: Hugh Irvine, Director of Communications, Crelogix Credit Group Inc., hirvine@crelogix.com

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CRELOGIX ACCEPTANCE

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