MyReceivables.com LAUNCHED BY CDS GROUP

First Fully Web-Based Accounts Receivable Funding and Management Service For Small Business

Building on the 28 years of experience gained by providing these services through traditional channels, MyReceivables.com provides - with online speed and convenience - cash flow, receivables management, credit application processing, Internet and paper-based billing, collections, database marketing services and private label e-commerce credit card programs.

MyReceivables.com is backed by funding capabilities in excess of $100 million.

"The predictability of cash flow creates pressure for many companies. MyReceivables.com removes the waiting time and worries, providing a steady, fast and reliable flow of cash to businesses,'' said Leonard Leff, president and chief executive officer of MyReceivables.com.

"With limited staff and resources, small companies are often hard-pressed to give receivables the attention required," Mr. Leff said. "Using MyReceivables.com's services enables companies and entrepreneurs to spend their time doing what they do best - growing their businesses. "With MyReceivables.com, small businesses can now take advantage of accounts receivable funding and management services historically available only to large companies--even private label e-commerce credit card programs. And it can all be done online," he explained.

MyReceivables.com is a behind-the-scenes servicer and cash flow provider for its clients-enhancing the bond between those clients and their customers without intrusion.

Online Application and Processing
Companies sign up for the service directly on MyReceivables.com's website by completing an application form for the services. Once approved they can enter their receivables into the system in three ways: directly on the MyReceivables.com website, using a plug-in feature on their own websites or uploading data using their accounting software. MyReceivables.com makes an electronic deposit weekly or bi-weekly into the company's account for the amount of receivables, less an agreed upon fee. MyReceivables.com sends a customized statement by mail or e-bill to the client's customers bearing the client name, address, trademark and logo, always remaining behind the scenes.

When customers receive bills and mail in the payments, as far as they are concerned, the transactions are made directly with the service provider. The billing and payment receipt are actually handled completely by MyReceivables.com. The monthly statements can include the kind of messages and bill stuffers the MyReceivables.com client would send to its customers if conducting the mailing itself.

For companies that do business online, MyReceivables.com offers a proprietary private label e-commerce product, "MR Plug-in," that performs online credit application processing, authorizing and funding of transactions, and billing, collection and accounts receivable management. The process is transparent, except for a web page notation that the transactions are "Powered by MyReceivables.com." The private label e-commerce credit card program is not only a convenience for customers; it also encourages repeat-business loyalty, according to Mr. Leff.

Safety and Privacy
Sophisticated system security helps to ensure information entered into the MyRecievables.com system is both safe and secure. The data entry process is kept secure by Verisign software. Once entered, the information is protected by a system developed by Check Point Software Technologies, providing the most advanced encryption, access control and intrusion detection available.

MyReceivables.com, working with UUNET, has established a completely redundant system that protects customers from any unforeseen service interruptions. Information entered on the MyReceivables.com system is backed up daily. UUNET, an MCI WorldCom company, is a global leader in Internet communications, providing services to America Online and many other major companies.

Among clients already using MyReceivables.com services are True Value Hardware stores, subscribers of American Floral Service (AFS), Myers Parking/Central Parking garages and Tower Glass Products Inc. Ron Heck, vice president of credit services for American Floral Service, with 24,000 subscriber florists, said MyReceivables.com makes a real difference for AFS businesses, allowing them to direct their attention to critical business concerns.

"Our customers are like most small businesses. Cash flow is always a challenge. MyReceivables.com has brought a real value-added service to our customers. Their investment in accounts receivable can now be channeled into other areas, such as taking advantage of purchase discounts, capital improvements and increasing inventory,'' Mr. Heck said. "Leonard Leff and his company receive praise from our customers because their attention to service makes a real difference."

MyReceivables.com is the first financial services company with back up of a firm with a 28-year track record to provide small businesses with cash against their receivables through a completely web-based platform. The company provides a full range of customized accounts receivable services, including accounts receivable management, rapid funding, billing, collections, and database marketing; making it the Internet's backbone for small businesses' accounts receivable funding and management. For more information, visit the company's web site at http://www.MyReceivables.com or call Leonard Leff, president and chief executive officer, 1-800-338-7353.