Get Working Capital at Competitive Rates - Accounts Receivable Financing at The Receivables Exchange

NEW ORLEANS, September 26, 2008 -- The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that they were selected as one of New Orleans City Business’ 2008 “Innovators of the Year.” The award recipients were announced at a luncheon on September 26 in New Orleans with Nic Perkin, President of The Receivables Exchange, on hand to accept the award. The nomination recognizes those companies who are initiating and cultivating the spirit of creativity that will play a large role in the future of the national marketplace and specifically in New Orleans.

“We are very pleased to have been recognized as a part of the entrepreneurial rebirth and revitalization that is taking place in New Orleans,” said Mr. Perkin. “This city encompasses a wealth of creative talent and potential. We look forward to participating in the innovation and progress that the Crescent City is poised to experience in the upcoming years.”
The Receivables Exchange, through its proprietary online marketplace, will connect a global network of accredited investors with millions of growth-oriented small and mid-sized businesses (Sellers) in search of a more competitive cost of capital. Currently, accounts receivable represents nearly 60% of working capital for most businesses - the single largest source of working capital for most companies. By being able to list their receivables to be bid on in real-time by multiple Buyers, Sellers on the Exchange are able to unlock the value of their invoices and reinvest that capital into growth. Through the Exchange’s innovative real-time auction platform, Buyers are able to gain direct access to more than $18 trillion of annual business-to-business accounts receivable volume.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. By providing a new dimension in working capital management, The Receivables Exchange is revolutionizing the landscape of financing opportunities for America’s Business to Business companies. The Exchange acts as a centralized platform, connecting a global network of accredited investors (Buyers) to the nation’s three million small and mid-sized businesses (Sellers). Through the Exchange, buyers are instantaneously connected to an 18 trillion new investable asset.  On the other side, Sellers in search of capital to grow their businesses have access to a new competitive working capital management solution. The basic format of this new marketplace is an open real-time electronic auction using the same family of technology as the NYSE. Sellers implement their most secured and valuable asset, their receivables, by placing them for sale, and buyers competitively place bids to purchase them. The end result is that both Buyers and Sellers achieve their goals in a short amount of time at the most competitive prices on the market. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. For more information, visit www.receivablesXchange.com.