Canam Credit Company Announces $10 Million Private Placement

Canam Credit creates opportunity for eligible investors to benefit from a successful team.

Calgary, AB (PRWEB) April 4, 2007 -- Canam Credit Company Inc. is announcing its $10 million private placement offering. The company has been fully functional since November 2006 and is introducing this opportunity to eligible investors. Canam Credit Company has raised $2 million in this private placement and $3.7 million to date, respectively.

Canam Credit Company is in the factoring and lending business. The company is comprised of the following services: receivable factoring, short term loans, mortgages and second mortgages, secured business loans, and commission advances. Receivable factoring is the process of selling outstanding invoices or receivables at a discount to a finance company that assumes the risk on the receivables and provides quick cash to the business. Canam is in the business of making businesses more successful. We achieve this by creating and introducing opportunity for businesses to go forward with ventures that will make them prosperous. At Canam Credit Company it is superior customer service that is most important when providing any service. The company's success depends on the success of the customers.

James T. White, founder, President and CEO of Canam Credit Company Inc, comments, "This private placement is a fantastic deal. Those who've invested already have seen for themselves the experience we have to offer and we have no intention on slowing down any time soon."

Canam Credit has already reached international status, with a service location in Carson City, Nevada, and has plans to expand even further.

Echoing the sentiments of all parties involved in the company's day-to-day operations, James White comments, "There's a lot of excitement considering we've expanded so aggressively yet effectively. A major factor to our current achievements is that we have an amazing core management team who are all dedicated and devoted to making sure our long-term success is assured."

Canam Credit Company is reinventing the standards associated with private lending. Utilizing a cashless system, entering the online market, and introducing specialized loan kiosks to North America, the company is entering into a new industry. Amy Tan, VP of Operations, "We've been months ahead of schedule every step of the way and we're prepared to go even farther."