Travelers Ontario Office Ramps Up with Veteran Team

MISSISSAUGA, ON, Oct. 14 /CNW/ - Travelers Financial Corporation Vice President Ontario, Gary Batchelor, today reported on the latest ramp up of the company's expansion into asset based financing in the Ontario market. "We have successfully developed a dynamic team of experienced leasing professionals to serve Ontario business for the acquisition of commercial, construction, transportation and industrial assets. While other sources of asset based lending are contracting, Travelers has attracted key players with extensive industry knowledge, backed by strong capitalization, to assist businesses in Ontario to remain competitive", said Batchelor.

Batchelor, named CFLA 2008 'Member of the Year', has over two decades of industry experience to lead the Ontario Travelers team, which includes Tony Chieco, formerly with CIT, Bruce Moffat and Ryan Mounstephen, both formerly of Alter Moneta and CIT, Viateur (Vee)Venne, formerly with Alter Moneta Corporation and John Deere Credit.

Batchelor added, "The Travelers team is effectively a leading resource for expertise, knowledge and responsible financial guidance for customers to meet the challenges of today's economy. Each representative recognizes the importance of working with our dealers and clients to arrange solutions to fit individual needs. That is the formula for strong relationships and mutual success."

About Travelers Financial Corporation: One of the largest independent equipment finance companies in Canada, Travelers Financial Corporation offers a wide range of asset based financing solutions to the commercial and industrial sectors including transportation, mining, gas and oil, agriculture, manufacturing, construction and government infrastructure, as well as specialized automobile leasing. Travelers meets the need for uniquely structured leasing solutions for Canadian operations to gain the competitive edge they seek. Travelers' access to capital, informed management, and seasoned team of professional lease advisors in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario have made Travelers a respected source of funding for the individualized needs of both resellers and end users in the private and public sectors.

SOURCE TRAVELERS FINANCIAL CORPORATION

For further information: For further information: Gary Batchelor, Ph: (416) 233-2373, gbatchelor@travelersfinancial.com

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TRAVELERS FINANCIAL CORPORATION

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