Curomax to expand presence in U.S.

MISSISSAUGA, ONTARIO – Curomax Ltd., a Canadian provider of dealer finance e-commerce solutions, will expand its presence in the U.S. by providing Internet-based loan origination capabilities to the country's recreational vehicle, marine and power sport dealerships and lenders, the company said in a release today.

Curomax's Internet loan origination platform will now enable RV, marine and power sport dealers throughout the U.S. to submit consumer lease and loan applications to multiple credit providers inside a single, secure online application.

Curomax currently hosts an e-commerce origination channel for New Orleans, La.-based Hibernia National Bank, its dealers and selected vendors. Hibernia uses Curomax to offer online automotive financing options, programs and services to automobile dealers and vendors in Louisiana and Texas.

"Our expansion into the U.S. RV, marine and power sport dealer market is a natural progression for us as we are currently facilitating on-line relationships between more than 4,000 automobile dealers in Canada and the U.S. and another 1,500 RV, marine and power sport dealers." said Alan Bird, president and CEO of Curomax Ltd.

"Providing this e-commerce solution to dealers will allow them to finance assets for their customers in real time and help them gain a competitive advantage in their marketplace. We are currently in discussions with several lenders and anticipate several announcements in the near future," he added.

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