October 1, 2004

Birmingham AL – October 1, 2004 – Kreatek is preparing for the inaugural release of their Credit Acceptance and Protection (CAP) system.  Servicing the needs of both Bank & Boutique Lending companies, Kreatek’s CAP system makes easy the tedious requirement of payment protection calculation & loan amortization.

“CAP will be the de-facto standard integrating two financial industries, lending and insurance, into a single source solution” says Kreatek’s President/CEO George Barckley.  “The payment protection industry is in a state of flux and CAP is the vehicle that will deliver current and future product requirements to the lending officers as they transition from Credit Insurance to Debt Protection” says Mr. Barckley.

Additionally, CAP will help boutique lending stores (jewelry, furniture, title loan, fast cash and other similar companies) offer additional products to the loan application, particularly Debt Protection.  “Currently the boutique lending stores don’t have the infrastructure to support the administrative requirements to offer payment protection to their customers.  With CAP, they will have access to leading edge technology that will always be available via the web; 24x7.  To add additional fee based income to their product offerings, without adding overhead and inventory, they will just need access to Microsoft’s Internet Explorer program” states Mr. Barckley.

About Kreatek

Kreatek, Inc., a Gardendale Alabama based consulting company, provides Business Intelligence solutions for the Financial Industry.  Encompassing Data Warehousing and Data Mining technologies, Business Intelligence adds predictive modeling and centralized financial reporting for every aspect of the information supply chain.  Adding to the list of offerings, in this diverse industry, Kreatek also provides custom software solutions in the Microsoft Windows environment, specializing in the .NET client server / web based development infrastructure.  You can contact Kreatek by calling 205-608-2760 or visit their service site at www.Kreatek.com.

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