Creditek LLC Extends Its Outsourcing Services to Mexico.

Business Editors

PARSIPPANY, N.J.--(BUSINESS WIRE)--Oct. 1, 2001

Creditek LLC is proud to announce that it has opened Creditek de Mexico to provide accounts receivable, collection and deduction outsourcing in Mexico.

Creditek de Mexico will also collect cross-border trade transactions for U.S. and Mexican companies.

"Our U.S. clients conduct significant trade with Mexico and have major operations there. We see an important opportunity to serve them in this critical, quickly developing market," said John Metzger, Chairman of Creditek. "We wanted to find just the right executive as the Managing Director. Under Fernando Casares' leadership, we will be able to provide a professional, turnkey service to meet the in-country and cross-border requirements of major companies with the same standards and results as in the U.S."

Fernando Casares added, "I am very pleased to be teaming up with the U.S. leader in revenue cycle outsourcing. We are making available in Mexico the best practices and technology from Creditek, and adding to it deep local market knowledge. As a result, Creditek de Mexico can take total local accountability for a turnkey solution -- for the whole enterprise or for a tactical project to clear a backlog."

Casares continued, "As we speak with key executives of local and foreign companies throughout the Mexican economy, we find that we are meeting a major void."

Casares, the Managing Director of Creditek de Mexico, has nearly 20 years of experience in credit and accounts receivable management, including cross-border and domestic transactions, risk management and work outs of troubled portfolios.

He has served in senior positions at the Specialized Banking Division of Bancomer, as Chief Credit Officer for Banco de Pequeno Comercio, and most recently as the Country Manager for Transamerica Finance. He has managed A/R of $500 million and has consulted for many Fortune 1000 and smaller companies.

Creditek de Mexico is located in Mexico City, and can serve all of Mexico and Central America. It is expected that U.S. and Mexican exporters, as well as U.S. subsidiaries in Mexico, will be the first to take advantage of its state-of-the art services.

In the U.S., Creditek LLC is a revenue cycle outsourcing leader, delivering complete accounts receivable, collections, customer-claims, and deduction management services. Other services include revenue cycle consulting, and tactical project teams to cure short-term needs. Creditek serves large companies in all sectors.

Benefits to clients include reduced net operating costs, accelerated cash flow, and additional profit from reduced revenue dilution.

Creditek is also opening operations in Europe and is prepared to fully meet the revenue cycle needs of its global clients.

Information about Creditek de Mexico services may be obtained by calling Richard Lander at 1-800-216-4000 or by email at [e-mail].