Credicor Financial Corp. retains Steve Klein as Vice President of Business Development

Credicor Financial Corp. ("Credicor"), announced today that it has retained the services of Steve Klein as Vice President of Business Development. Mr. Klein will manage major national accounts for Credicor subsidiary companies: Lease Link Canada Corp., and Lease Plus Financial. As well, he will work with Credicor senior management to grow the business in new markets and growth areas across Canada. Mr. Klein will serve from his current location in Toronto to further strengthen Credicor's Central Canada presence.

Mr. Klein has over 25 years of experience in the Canadian finance industry and brings veteran expertise to Credicor. Mr. Klein began his career with Citibank Leasing Canada and has held various senior management positions with leasing and financial services companies including Commcorp Financial Services and Newcourt Credit Group. He also held the position of Country Head for Citi Capital Canada. More recently he held the position of Senior Vice President and General Manager for Corporate Fleet business at GE Capital.

"We are pleased to welcome Steve Klein to Credicor to lead our national accounts program," said James Jang, President of Credicor.

"Throughout the years Steve Klein has demonstrated a commitment and passion for the financial services industry, the Canadian market, his clients, and his employees," said Steve Passant, Chairman of Credicor. "From sales, to corporate management, to virtual start up businesses, Steve has been successful in his approach, his ethic, and his results, and we look forward to him serving on our leadership team," added Mr. Passant.

Mr. Klein is a former director and member of the board for Citibank Canada, The Citigroup Foundation, Citicorp Vendor Finance, and the Canadian Finance and Leasing Association.