Pacific & Western announces Versabanq website launch

    LONDON, ON, April 5 /CNW/ - David Taylor, President & C.E.O. of Pacific &
Western Credit Corp. (TSX:PWC), is pleased to announce that PWC's new
subsidiary, VersaBanq Innovations Inc., has launched a website in support of
its operations:

    VersaBanq provides state of the art, reliable and versatile information
technology solutions for financial institutions. Using the latest internet-age
software development techniques, VersaBanq gives our customers the opportunity
to offer entirely new kinds of financial services and products to previously
unreachable markets.
    One of VersaBanq's products is a Basel II compliant software application
that provides for the effective management of loans, deposits and leasing
portfolios. This software will prove to be attractive to any financial
institution that is seeking to become Basel II compliant.

For further information:

For further information: on VersaBanq: Avery Pennarun, (519) 902-2959, or Neil Beaton, (519) 488-1257,; For
further information on PWC: Investor Relations: Bruce Schruder, Vice
President, Investor Relations & Marketing, (800) 244-1509,; Public Relations & Media: Tel Matrundola, Vice
President, Public & Strategic Initiatives, (416) 203-0882,; To
receive company news releases via e-mail: Karen McConnell, (519) 675-4204,; Further information on PWC is available through Pacific &
Western's corporate web site at

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Pacific & Western Credit Corp.

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