(Lynbrook, NY, December 20, 2000) MyReceivables.com announced today that it has relocated its corporate office to Lynbrook from Baldwin to accommodate its continued growth in online financial services. MyReceivables.com is a leading provider of online accounts receivable funding and management and technology services.

At 15,000-square-feet, the new location at 303 Merrick Road in Lynbrook will increase the company's office space by three times, compared to its former Baldwin facility. The Lynbrook office also houses a secure 2,000-square-foot, state-of-the-art computer facility, which will enhance operations for MyReceivables.com as it continues to meet the demand for secure, web-based solutions for transaction processing and funding.

"We are pleased to have a high-tech company such as MyReceivables.com as part of our business community," said Lynbrook Mayor Eugene Scarpato. "Our policy is pro-business, and we have been very successful at attracting growing businesses to our village. The addition of MyReceivables.com demonstrates that."

"The move will enhance our business operations as we continue our 28-year history in accounts receivable management and funding," said Leonard Leff, president and chief executive officer of MyReceivables.com and its parent company, CDS Companies. "We have expanded our services in web-enabled technology to meet our clients' needs and market demand."

MyReceivables.com launched its operations in early 2000. The company is the first provider of a full range of online accounts receivable services. This includes accounts receivable funding and management, technology, virtual credit cards, billing, collections, and database marketing, making it the Internet's leader for small business 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 and a member of the Independent Community Bankers of America. 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.