The Receivables Exchange Selected as a ‘Top 25 Technology Innovator’ at New England Venture Summit

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it was selected as a ‘Top 25 Technology Innovator’ at the 2008 New England Venture Summit. Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange, was a featured presenter at this year’s event that took place November 25 in Burlington, Massachusetts. The conference, sponsored by youngStartup Ventures, is a premier venue for venture capitalists, investors and investment bankers to be introduced to a select group of emerging growth companies as they present their winning business models.

The Receivables Exchange, through its patent-pending online marketplace, connects America’s millions of growth-oriented small and mid-sized businesses seeking a more flexible and competitive cost of capital (Sellers) with a global network of accredited institutional investors (Buyers) interested in broadening and diversifying their investment portfolio.  By listing their receivables to be bid on in real-time by multiple bidders, Sellers can unlock the value of their outstanding invoices, freeing up valuable working capital and increasing their liquidity. For most companies, outstanding receivables represent 60% of their working capital. By listing their receivables on the Exchange, Sellers are able to reinvest that capital to grow their companies. Buyers on the Exchange gain direct access to an $18 trillion new asset class while broadening the reach of their portfolio and generating attractive returns with low volatility.

“We are thrilled that our innovative new marketplace to standardize and centralize accounts receivable finance to help America’s small and mid-sized businesses realize greater growth has been recognized by such a notable group as the New England Venture Summit,” said Mr. Brownhill. “The ability of our marketplace to bring a more competitive cost of capital to millions of companies was very well received from this exclusive investor community.”