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

NEW ORLEANS, October 27, 2008 -- The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, today announced its flagship Vendor Finance Partnership with Bruce Foods Corp. As a Vendor Finance Partner, Bruce Foods will offer a Receivables Exchange program that will provide Bruce Foods' vendors and customers access to working capital via the sale of their accounts receivable in an online auction.

Because a network of accredited capital providers will competitively bid to purchase invoices drawn on Bruce Foods and other companies, Bruce Foods' vendors and customers will benefit from a more efficient means and cost of working capital.

Justin Brownhill, founder and CEO of The Receivables Exchange, said "as the capital marketplace for private companies, the Exchange is honored to partner with Bruce Foods, one of the largest private companies in the US. The legacy of Bruce Foods lends the distinction of generations of success and growth to our burgeoning start-up." Brownhill added, "Bruce Foods is to be recognized for their forward-thinking vision in bringing the benefits and efficiencies of a cutting-edge working capital solution to their supply chain," said Brownhill.

"Bruce Foods is proud to partner with another leading Louisiana business and to jointly bring the value-add of business network technology to our vendors and customers," said Patrick Brown of Bruce Foods. "The Receivables Exchange is a perfect solution for providing our vendors and customers with access to working capital when they need it," said Brown. "We strongly endorse the Exchange and the benefits it brings to our supply chain community."

The single largest source of working capital for America's small to mid-sized businesses, is often tied up in outstanding invoices. With the average turnover of these receivables being 44 days, this means that most businesses wait over a month and a half before collecting cash owed to them. Essentially, these businesses are extending a free loan to their customers that they could otherwise reinvest into growing their companies.

In the United States, there is more than $18 trillion in accounts receivable annual turnover, yet less than one percent of that volume is currently being financed. The Receivables Exchange's patent-pending online marketplace brings together a global network of accredited capital providers with America's growth-oriented small and mid-sized businesses in search of capital to help them grow.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com), headquartered in New Orleans, LA is the world's first online marketplace for real-time trading of accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting private companies to a global network of accredited capital providers who compete in real time to buy and trade receivables. Exchange participants benefit from flexible access to working capital finance at competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. 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.

About Bruce Foods
Founded in 1928 in New Iberia, LA, Bruce Foods (www.brucefoods.com) has been manufacturing original Cajun fare, Southern Vegetables and Tex Mex food products for more than 80 years.

Today, Bruce Foods is one of America's largest privately-owned food manufacturers with more than 1,200 employees and four processing plants in the U.S. Our products are distributed throughout the U.S. and in more than 100 countries, and are carried by most of the top retail grocery chains.

Bruce Foods manufactures "Original" Louisiana Red Dot brand hot pepper sauce, Cajun Injector Products, Bruce's Yams and Casa Fiesta Mexican food items, along with a variety of more than 350 food products under nine premium brands.