MyReceivables.com joins LiveCapital Financing Network to provide small business access to accounts receivable funding and management
By The Baxter Marketing Group


Baldwin, NY (November 30, 2000) - MyReceivables.com, the leading provider of online accounts receivable funding and management and technology services, announced today that it has become part of the LiveCapital Financing Network. LiveCapital is the leading enabler of real-time business financing and offers its clients instant access to small business financing.

“The services offered by MyReceivables.com complement those offered through the LiveCapital Financing Network,” said Leonard Leff, president and chief executive officer of MyReceivables.com and its parent company, the CDS Group. “MyReceivables.com gives small business owners another option in financing via the web.”

The addition of MyReceivables.com increases LiveCapital’s roster of lending partners to include more than 70 lenders and lessors who together offer financing products that cover the entire credit spectrum. MyReceivables.com provides small businesses with cash against their receivables through a completely web-based platform. MyReceivables.com is backed by CDS Companies, a firm with a successful 28-year history.

“Adding MyReceivables.com to our network of lenders and lessors will further enhance our clients’ ability to offer their small business customers a more diverse selection of financing alternatives,” said Matt Seaburn, vice president of financing network operations at LiveCapital. “In this competitive market, having the ability to offer the right type of financing in real time can make the difference when trying to acquire and retain customers.”

The LiveCapital Financing Network is a core component of the LiveCapital Finance Platform, the company’s customizable enablement solution for financial institutions, vendors and B2B marketplaces seeking to offer instant financing from their corporate Web sites. Using the LiveCapital Finance Platform, a client company can provide its small business customers with the ability to – in less than five minutes – complete a financing application, have that application instantly evaluated, and immediately secure financing decisions from members of the LiveCapital Financing Network.

About LiveCapital
LiveCapital is the leading provider of real-time credit and financing solutions for companies serving the business market. Equipment manufacturers, online marketplaces, and other companies active in B2B commerce use the LiveCapital Finance Platform (LCFP) to offer their customers instant access to loans, leases, and trade credit at the point-of-sale. The LCFP facilitates all aspects of the credit process for all types of business credit, enabling application submission and processing, credit scoring, underwriting, approval, funding, and servicing. To date, LiveCapital has enabled Staples, Microsoft, and others to offer instant online credit services to their small business customers and has facilitated the approval of more than $3.5 billion in business financing. LiveCapital is privately held and headquartered in San Mateo, California.

About MyReceivables.com
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 www.MyReceivables.com or call Leonard Leff, president and chief executive officer, at 1-800-338-7353.


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