The Receivables Exchange CEO & Co-Founder Named Ernst & Young Entrepreneur of the Year® Finalist

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that Co-Founder and CEO Justin Brownhill has been named a finalist for the Ernst & Young Entrepreneur of the Year® 2010 Award for the Houston and Gulf Coast Area Program. The award recognizes the contributions and achievements of those who inspire entrepreneurism with their vision, leadership and achievement.

“This E&Y award represents one of the single highest distinctions for business leaders globally, and I am extremely honored to be named among the finalists,” said Mr. Brownhill in response to his selection. “I am particularly proud to be named at a time when our region is experiencing such tremendous commercial growth, entrepreneurship and innovation. I share this recognition with my co-founder, Nic Perkin, and the entire team at The Receivables Exchange.”

A panel of esteemed judges evaluated Mr. Brownhill’s visionary leadership of The Receivables Exchange’s innovative product solutions, company accomplishments, corporate culture and financial growth. Over the past 24 years, the program has grown to recognize business leaders in over 135 cities in 50 countries throughout the world. Award winners will be announced during the Entrepreneur of the Year Award ceremony on June 24, 2010 at the Omni Houston Hotel Galleria in Houston, Texas.

Headquartered in New Orleans, The Receivables Exchange is the world’s first electronic capital market where small and midsize businesses (SMBs) can gain access to a flexible and affordable source of working capital by selling their receivables in a competitive auction marketplace. The Exchange is revolutionizing the $18 trillion receivables finance industry by bringing Buyers and Sellers directly together for the first time to trade receivables. Born out of Brownhill and Perkin’s fundamental belief that small businesses should have unfettered access to affordable working capital to fund growth, the Exchange has realized tremendous success. In January the Exchange announced its $17 million Series C financing led by Bain Capital Ventures with reinvestment from Redpoint Ventures and Prism VentureWorks.

The Receivables Exchange serves as a transparent, efficient capital marketplace for small and midsize businesses to gain access to affordable capital. Learn more about how companies are improving cash flow by financing accounts receivable at www.receivablesXchange.com.