Partners In Credit Aquires Accel Receivable Management

Partners In Credit announced today that it completed its first acquisition on December 1, 2005 with the purchase of Toronto-based Accel Receivable Management Inc. Purchase price and details have not been disclosed.

Mr. Vincent Fiore – President and CEO of Partners In Credit states “this first acquisition represents the initial step in our aggressive growth campaign for 2006. We’ve identified some niches within the industry that simply aren’t being addressed by the current Canadian collection providers. I’m very enthusiastic about the opportunities that lie ahead.”

Partners In Credit is a Canadian owned and operated accounts receivable management firm based in Richmond Hill, Ontario. Incorporated in 1989, Partners In Credit is a nationally licensed corporation that provides its collection services to two major financial institutions in addition to other high profile Canadian creditors.