Canam Credit Company Inc.

Canam Credit Company Inc.

August 27, 2007 19:33 ET

Canam Credit Terminates Merger with Rogers Associate Financial Partners

CALGARY, ALBERTA--(Marketwire - Aug. 27, 2007) - Canam Credit Company advises that after a meeting on August 14, 2007 with both companies' senior executives, that the parties involved have terminated their merger agreement. This agreement would have made Canam Credit public and would have injected cash into Rogers Associate Financial Partners; the decision was contributed to differences of opinion.

In the words of President & CEO James T. White, "The employees and investors of Canam Credit will continue to work towards a solution to take our company public. If we stay patient and steadfast, our efforts will all be worthwhile in the end, let's wait and let the right opportunity come to us."

About Canam Credit Company Inc.

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

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