For those who were interested...i finally found the tool i was looking for.... in Paris.
They have a website. www.mando.fr
or you can go directly to the tool here http://www.mando.fr/cache-id-136.html
The site is only in French and they only speak french...but the name of an electric edge creaser is "Fileteuse".
The price, with a couple different size creaser bits, is around $600.- but its worth every penny..it's incredible! I've attached a pic of a little credit card wallet i've made the first time using my new tool ;-)