NEW ORLEANS, July 7, 2008 -- The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has joined the International Forfaiting Association (IFA) as an Associate Member. The IFA is the worldwide trade association for commercial companies, financial institutions and intermediaries in the forfaiting industry. Forfaiting is a form of international supply chain financing.

“The Receivables Exchange is introducing one of the most innovative new offerings that the industry has seen in years,” said Sal Chiappinelli, General Secretary of the International Forfaiting Association. “We take great pride in having some of the industry’s most sophisticated companies as members of the IFA. We look forward to having the Exchange be an active contributor to the advancement of this dynamic industry.”

The Receivables Exchange, through its proprietary online marketplace, will connect a global network of accredited capital providers with growth-oriented small and medium sized businesses in search of working capital. By being able to list their receivables to be bid on in real-time by multiple buyers, private companies will be able to unlock the value of their invoices, which currently represents the single largest source of working capital for businesses. Through the Exchange’s innovative real-time auction platform, capital providers will be able to gain direct access to more than $17 trillion of annual U.S. business-to-business accounts receivable volume.

“The IFA is one of the preeminent trade organizations in the world and is the leader in driving the global advancement of the forfaiting industry,” said Nic Perkin, Co-Founder and President of The Receivables Exchange. “We believe that there is a tremendous opportunity to broaden the receivables finance arena and we are honored to be a member of such an esteemed group. We look forward to working with them to expand the industry’s growth opportunities.”

The IFA is based in Zurich, Switzerland, with its primary goal being the development and coordination of forfaiting activities between financial and banking institutions on a global scale. For more information, log onto www.forfaiters.org.

About The Receivables Exchange
As America's first online marketplace for trading accounts receivables, The Receivables Exchange (www.receivablesxchange.com) is a new capital market for privately held companies to have quick access to working capital, just like the NYSE is designed for public companies.

The Receivables Exchange provides a new dimension in working capital management by connecting companies to a nationwide network of capital provider who compete in real time to buy and trade receivables. Exchange participants benefit from immediate and flexible access to working capital finance at the nation's most competitive rates. The 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.