Small Business, E-Services Forge Alliance
By The Torrenzano Group

San Mateo, CA and New York, NY, August 17, 2000 - QLender, the fastest growing business-to-business (B2B) provider of small business loan auctions on the Internet and MyReceivables.com, the first company to offer small businesses a full range of customized, Internet-based accounts receivables services, today announced an agreement where QLender will offer MyReceivables.com products on their website.

Backed by a corporate parent company - CDS Companies - with more than 28 years of experience, MyReceivables.com provides-with online speed and convenience-cash flow, receivables management, credit application processing, collections, database marketing services and private label e-commerce credit card programs. QLender's small business users, with the services of MyReceivables.com, will be able to obtain a steady, fast and reliable cash flow for the growth of their business.

Qlender, the one stop for small business loans, has removed the complexity of applying for a loan. You simply choose the type of loan desired and lenders across the country will come to you. Small businesses can secure term loans, lines of credit, business credit cards, commercial real estate, equipment leases, SBA loans and other business services on the QLender site. Users complete a short application that is screened by multiple lending institutions that meet their lending criteria. QLender makes it possible for credit grantors to easily reach and service small business customers. QLender offers businesses a simple, free of charge, fast, and effective way to obtain the financing that they need for the growth of their businesses. Users of the QLender site will receive decisions from its lenders within minutes of submitting a completed application.

"We at QLender are very excited to be working with MyReceivables.com, a company with 28 years of experience, a sophisticated staff and backed by funding capabilities in excess of $100 million. This financing is a critical tool that enables small businesses to acquire the products they need to be competitive, to grow and meet new e-business applications." said Douglas Gaston, CEO of QLender. "This alliance with MyReceivables.com. gives QLender the opportunity to expand our quality lenders and will benefit the small business users by further reducing the approval time."

"QLender is one of the premier sites on the World Wide Web that provides access to thousands of small businesses in need of financial services, whether they are located across the street or on the other side of the globe," said Leonard Leff, president and chief executive officer of MyReceivables.com. "Virtually every small business person and entrepreneur we talk to has the need for accounts receivables funding and related services, but are unwilling or do not have the time to deal with one company for funding, another for billing and even a third for direct mail marketing. With QLender, all this can be accomplished with little more than a few keystrokes and the click of a mouse."

About QLender

QLenders provide a comprehensive on-line B2B auction market place for small businesses to secure loans. We transact with over 20 of the nation's leading lenders, capable of providing financial services to its customers throughout the United States and Canada. These financial institution's loan decisions are based upon demographic, public records data and payment performance. Upon reviewing the borrower's information, QLender customers can receive multiple offers in response to a single loan request within minutes and then compare, review and accept the loan offer that best suits their needs. The QLender auction process reduces processing costs for the lender, enabling them to offer lower competitive lending rates and fees to small businesses.

QLender has also partnered with some world-class companies to offer quality business services to our small business users in areas such as: business insurance, office supplies, post jobs, web design, business promoting, medical insurance plans and other categories. These services will help small businesses grow and develop their market of expertise.