Articles & News About Your Credit

Canam Credit Company Sells Equity in Largest Debt Management Business in Canada

Calgary, Alberta (PRWEB) June 25, 2008 -- Canam Credit Company announced today that it plans issue shares at 0.05 cents per share of Canada Debt Assistance to raise $275,000.00 for expansion in to the Ontario debt management market.

The company was purchased by Canam Credit Company in May of 2007 for $1.5 Million. After the purchase, the senior management made several management changes, embarked upon many regulatory audits, new procedures and policies were made, at this time the company feels it is in a position to sell equity, and start expanding the operation.

As the economies of the world start hiding downward toward a recession, Canada Debt Assistance Inc. is poised for substantial growth, in the existing and new markets.

About Canam Credit Company Inc.

Canam Credit Company is a diversified financial services company that has representation across Canada and the United States. Our products include life insurance, short term lending, factoring, debt counseling, term loans and credit repair.

About Canada Debt Assistance Inc.

Canada Debt Assistance was purchased by Canam Credit Company in May of 2007 for $1.5 Million. The company has more than 4000 clients, in three different provinces.

For More Information contact:

Abe Alizada

Investor Relations

Canam Credit Company Inc.

(403) 235-1005

abe.alizada @ canamcredit.com

This press release may contain forward-looking statements with respect to Canam Credit Company and its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of Canam Credit Company could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors" in the Offering Memorandum. The cautionary statements qualify all forward-looking statements attributable to Canam Credit Company

and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Canam Credit Company has no obligation to update such statements.

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