Baldwin, NY (November 13, 2000) - MyReceivables.com announced that it has developed a system for clients to easily transfer financial data from the best-selling accounting software program QuickBooks into the MyReceivables.com system for accounts receivable processing and billing. MyReceivables.com is a leading provider of online accounts receivable funding and management and technology services.

"The significance is that financial information that once had to be keyed in twice will now be fully and automatically integrated into our back-end system," Al Alper, chief information officer for MyReceivables.com, which provides its clients with secure, web-based solutions for transaction processing and funding. "Our clients using QuickBooks can now upload their financial data via our secure Website. Once that occurs, their financial information will automatically be updated into our accounting system. This will save our clients significant costs in processing time and personnel."

Many of MyReceivables.com's clients are already using the web-enabled technology to streamline the transfer of data using the QuickBooks by Intuit, which boasts more than 3 million users, said Leonard Leff, president and chief executive officer of MyReceivables.com and its parent company, CDS Companies. "This is a giant step in streamlining technologies and avoiding duplication of efforts. Companies of all sizes will benefit from the use of this enhanced service."

MyReceivables.com, a member of CDS Companies established in 1972, began offering its services online in early 2000. The company is the first provider of a full range of online accounts receivable services. This includes accounts receivable management and funding, technology, virtual credit cards, billing, collections, and database marketing, making it the Internet's leader for small businesses' accounts receivable funding and management. Additionally, MyReceivables.com is leading the way with proprietary online payment and transaction processing technology offering a variety of custom credit purchasing programs for consumer and business-to-business Internet transactions.

CDS Companies is a New York-based financial services and technology company. For more information, visit the company's web site at MyReceivables.com or call Leonard Leff, president and chief executive officer at 1-800-338-7353.