Arne Hassel-Gren Joins Travelers Acceptance to lead the Membership Finance Business

    VANCOUVER, Feb. 9 /CNW/ - Travelers Acceptance Corporation is pleased
today to announce the addition of Arne Hassel-Gren to its Management Team. In
this newly created position reporting to President and Chief Executive
Officer, Karl E. Sigerist, Mr. Hassel-Gren is Director for Travelers
Membership Finance business.
    His appointment is in response to the robust growth in the number of
strategic partners who have embraced the benefits of using Travelers
Membership Finance to grow their businesses. Working from Victoria, British
Columbia, Arne Hassel-Gren is responsible for creating, developing and
supporting new and current partnerships within the membership marketplace in
Canada. Arne works closely with membership providers to increase the business
partners' sales, cash flow and bottom-line profits with point of sale
provision of consumer focused financing programs from Travelers Acceptance.
    Travelers Acceptance Corporation President and Chief Executive Officer,
Karl E. Sigerist said, "Arne is a highly successful senior-level manager with
over twenty years experience in corporate sales and marketing management in
the hospitality, entertainment, and corporate service sectors. I am so very
pleased to be working with Arne as part of The Travelers Team. Arne is an
invaluable business development resource for our partners."
    Mister Hassel-Gren responded: "Of course, I am elated to have the
opportunity to join Travelers. I look forward to helping our clients achieve
their business objectives and strengthen our relationships and bringing to the
Canadian Marketplace the advantages inherent in the Travelers program."
    Prior to joining Travelers Arne Hassel-Gren most recently held
progressively more responsible positions in sales and regional management at
Duocom Canada of Vancouver. Arne's background also includes management,
marketing and sales experience with several firms located in Los Angeles
California and London England. Arne is a native of British Columbia with a
broad education in Business from schools in Europe and Canada.

    Travelers 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. Travelers consults with its client
partners to create term financing programs that attract and retain more
clients, close more sales, and increase overall profitability.

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