PHILADELPHIA, PA, July 23, 2007 -- iCrederity has opened a new office in New York City, New York to serve as a base for research and business development work leading up to a future launch.

"New York City is the place to be," said iCrederity Co-Founder Alexander Mittal, "Our second office will make meetings with partners and our other operations more efficient, and will help as we ramp up to rollout time."

The new office is located in Midtown Manhattan at 5th Avenue and 27th Street. In addition to being a densely populated residential area, Midtown is the single busiest commercial district in the United States, which makes it an ideal location for a business that serves both individuals and businesses.