Pelican Auto Finance, LLC Announces Facility Expansion

For Immediate Release

Chadds Ford, Pa – July 5, 2013 – Pelican Auto Finance, LLC (“Pelican”) has announced the build out and operational expansion to a new and significantly larger facility located in Chadds Ford, Pennsylvania.

“The new facility will provide space for our continued growth, and this location will be the headquarters for our front end operations” said Troy Cavallaro, CEO of Pelican. “Thanks to our recent institutional partnership and investment, we have outgrown our current facility. We anticpate expanding the San Diego servicing site as well in 2014, and we believe these moves are critical to maintaining the highest service levels.”

Pelican currently operates out of 2 facilities, one in the Mid-Atlantic and one in San Diego, CA. The decision to operate this way is strategic, according to Joel Kennedy, Pelican’s COO. “As we continue to grow, Pelican will be able to access valuable talent pools for all key functions. Further, there are tremendous benefits to our dealer partners based on our ability to provide a human touch to our service by bridging 2 time zones. We are confident that these benefits will be evident to our dealer partners .”

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