Welcome to another edition of Liquidity Matters, our monthly newsletter focused on helping U.S. businesses find better ways to grow and become more competitive.

Much has changed since our last newsletter. Unfortunately, we have continued to witness the ongoing struggles in the global financial markets. But history has also been made with the election of Senator Barack Obama as our nation’s 44th President. We have also made our own little bit of history here at the Exchange with the official launch of the world’s first online marketplace for real-time trading accounts receivable.

The launch was a tremendous success, surpassing even our own lofty expectations. As this newsletter goes to print after just one full day of trading, we have seen unprecedented levels of website activity, a single day record number of new Member sign-ups, and the first invoices being traded on the platform.

Within the first few hours of trading, we had nine invoices posted for auction (selected as 5-day auctions) totaling more than $100,000 worth of accounts receivable - both individual invoices and baskets of multiple invoices submitted as one auction. Sellers ranged from a manufacturing company in Texas to a construction materials company in California, all with high quality Account Debtors, including a multinational defense contractor. Buyers were equally impressed by the high quality of invoices posted on day one, and continue to reach out to us in full support of the transparency, standardization and access that the Exchange model brings to the accounts receivable marketplace.

We would like to take this opportunity to thank the remarkable team here at The Receivables Exchange who has worked tirelessly to make this a reality. Our mission is to change the landscape for small and mid-sized businesses, helping make it easy for them to access the capital they need to grow their businesses. Without the hard work and determination of our team, the first step on that journey would not have been possible.

Stay tuned as we continue to work diligently to bring Wall Street to Main Street. We anticipate much more continued success and an even more impressive update next month. Until then, if you haven’t tried the Exchange, we invite you to join. If you have, we welcome your feedback and look forward to helping your grow your business together.