The Receivables Exchange Named Finalist for 2010 American Business Awards in Two Categories

NEW ORLEANS–The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has been selected as a finalist for the 2010 American Business Awards in two categories. The Exchange was named a finalist for “Business Innovation of the Year” for small businesses, and co-founder and chief executive officer Justin Brownhill is a finalist for “Executive of the Year” in financial services. The American Business Awards, also known as the Stevie Awards, are a public recognition of the efforts, accomplishments, and positive contributions of companies and business people worldwide. Recognition from one of the nation’s premier business awards programs affirms the value of the Exchange’s innovative working capital management solution. This year’s Stevie Award winners will be announced during the annual gala on Monday, June 21, at the Marriott Marquis Hotel in New York City.

“The Stevie Awards recognize the highest business achievements, and we are honored to be named a finalist in two very competitive groups,” said Mr. Brownhill. “Since our launch in 2008, the Exchange has quickly become the one of the most attractive financing options for small and midsize businesses seeking flexible, affordable sources of growth capital. I am personally honored to be nominated, but I share all recognition we’ve received with my co-founder, Nic Perkin, and the rest of the Exchange team. We look forward to many more years of success.”

More than 2,700 entries from organizations of all sizes and in virtually every industry were submitted for consideration in more than 40 American Business Award categories. Finalists were chosen by a national panel of esteemed business executives during preliminary judging in April and May.

The Receivables Exchange is the world’s first electronic capital market where small and midsize businesses 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 together for the first time to trade receivables. Born out of Brownhill and Perkin’s 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. In May, the company announced 66% month-over-month growth in receivables sold in March 2010.

Almost a decade since its inception, the American Business Awards have presented the Stevie Awards to preeminent business leaders throughout the country, including past recipients such as IBM, Fannie Mae, and Oracle Corporation. The mission of the award is to raise the profile of exemplary organizations and individuals among the press, the business community and the general public. Members of the Awards’ Board of Distinguished Judges & Advisors and specialized judging committees will select Stevie Award winners from among finalists in final judging.

For additional information on The American Business Awards and a complete listing of finalists visit www.stevieawards.com/aba.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange is changing the landscape of small business financing by providing a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation’s millions of small and midsize businesses (Sellers) in search of capital to grow. Buyers get direct access to an $18 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Sponsors and partners of The 2010 American Business Awards include Infogroup, Netezza, CIGNA, Citrix Online, Epic Advertising, High Performance Technologies Inc., imagistic, John Hancock, LifeLock, Lionbridge, PetRays, RCN, and SoftPro.