(Baldwin, NY, December 6, 2000) Better late than never is an age-old adage that doesn't necessarily make sense in the trucking industry, especially when it comes to receiving payments from customers. That's why MyReceivables.com, the leading online provider of online accounts receivable funding and management and technology services, is offering its services to the trucking industry.

In an industry where payment typically come in long after the work is the done, finding a partner to offer cash flow solutions is essential, said Ed Young, third-generation owner of E. Young's Express in Watertown, NY, a medium-sized common carrier with 17 trucks. That's why Young has joined forces with MyReceivables.com.

"With immediate cash flow from MyReceivables.com, I can still meet our expenses, even during our slow seasons," said Young. "Also, that cash is allowing me to expand our operations. We could not do that without this in place.

" As an approved partner, Young will enter his accounts receivable information through MyReceivables.com's secure online system. Cash is deposited into Young's company account weekly/bi-weekly, meaning he doesn't have to wait 30, 60, 90 days or even longer to be paid for the service he has already completed.

"In today's business environment, customers are often more likely to pay later rather than sooner," said Bill Millar, who recently joined MyReceivables.com in business development, bringing with him 25 years of experience in dry and refrigerated transportation. "MyReceivables.com gives companies like E. Young's Express critical cash flow to help build their companies."

MyReceivables.com has developed an integrated program specifically for the trucking industry where accounts receivable management and cash flow are critical operational issues for the many independent carriers. The program allows carriers to focus on their primary business without the worry of accounts receivable funding, management and collections. Under the program, motor carriers can select from a variety of options that are offered by MyReceivables.com.

"We realize there is a great need within the industry for effective accounts receivable management and funding," Millar said. "This program in which carriers can outsource certain A/R services takes a huge burden off their operations."

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 cards, billings, collections and database marketing, making it the Internet's leader for small business accounts receivable funding and management. Additionally, My Receivables.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.

The CDS Group 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.