DRN Commerce Inc. Launches RepoLink

DRN Commerce Inc. (DRN) Canada?s leading provider of Internet-based collaborative commerce solutions for the financial services industry today announced their entry into the vehicle recovery and remarketing business.

Wayne McLeish, President and CEO of DRN Commerce made the announcement at a client reception held yesterday in Toronto. ?Once again DRN Commerce has combined our industry knowledge with our award winning technology to deliver a product to the debt recovery marketplace,? Mr. McLeish stated.

In making this announcement DRN Commerce further announced their partnership with Collateral Recovery Associates (CRA). ?Although not an exclusive partnership? Mr. McLeish said, ? the experience of CRA and their strong customer service makes this an ideal opportunity for both organizations to leverage their independent strength to provide a ?best in class? service to financial institutions.?

?It was clear from our first meeting that both organizations shared a common vision?, said Wayne Naylor, President of Collateral Recovery Associates. ?As the concept took shape both organizations became encouraged at the opportunities the solution would provide the debt recovery market place?

DRN Commerce Inc. (DRN) is a global leader in collaborative commerce solutions. CollectLink, DRN?s flagship product, is Canada?s most widely used Internet-based software designed to maximize the efficiency of defaulted debt recoveries by financial institutions and other credit grantors. DRN?s CollectLink software system connects financial institutions and other credit grantors to their collection agencies, law firms and other service providers across Canada through highly secure Internet-based connections. CollectLink can also be used for internal collection software by credit grantors. CollectLink is currently used by twelve of Canada’s major financial institutions and credit grantors.

Established in 2000, Collateral Recovery & Administration is a national company that manages the repossession and remarketing of all types of assets across Canada.