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David LyndeBurnaby, BC, May 29, 2012: Crelogix announced today that David Lynde has been appointed as Vice President of Accounting and Controller of Crelogix Credit Group. Mr. Lynde is a seasoned senior financial executive with almost 30 years of experience across a wide variety of markets and business organizations including a term as European Finance Director for CIT (managed assets of $2b), Group Finance Director for The Royal Bank of Scotland Car Division ($1.6b turnover), Group Finance Director for The Dixon Motor Group and various senior positions at Lloyds Bowmaker Ltd.

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“We’re extremely pleased to have David join our team,” said Karl Sigerist, President & Chief Executive Officer of Crelogix. “David has a strong background in financial services with demonstrated success developing and implementing improved financial reporting and increased efficiency of the accounting functions within a complex, diverse and rapidly growing organization like Crelogix. I am very confident that David’s experience and skills will be a very good match for our team.”

“I am very excited about this opportunity,” Mr. Lynde said. “Crelogix has established a solid reputation across Canada as an industry leader. I am proud to be joining this fast growing profitable company and look forward to working with the rest of the team and making a contribution to the continued growth and success of this leading, transforming company.”

Mister Lynde holds a B. Com degree from the University of Edinburgh and is a Chartered Accountant and a member of The Institute of Charted Accountants of Scotland. He is married and will be taking up residence in Vancouver.

About Crelogix

Crelogix is a non-bank Canadian financial services organization. Since 1974 Crelogix has been active across Canada in the tuition, automotive aftermarket, vacation ownership, healthcare, membership, consumer durables, power products ,home improvement and financial intermediary sectors – advising its business and institutional partners on unique and innovative consumer financial solutions from Loan Funding, Portfolio Acquisition, Third-party Portfolio Administration, Servicing, Collections, Asset Recovery or the Disposition of Canadian consumer installment loan receivables portfolios. is a proprietary internet based automated credit adjudication and loan or lease document processing system. provides our clients with real-time payment calculation, credit grading, contract compliance, funding status and ongoing portfolio reporting.

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