(Lynbrook, NY, May 16, 2001) The PROGroup hardware consortium has selected MyReceivables.com, the leading provider of online accounts receivable funding and management and technology services, announced today to provide its financial services are available to its' over 3000 members nation wide.

Under the agreement, MyReceivables.com will be the exclusive provider of accounts receivable funding and management services available to its' membership. The offering is part of the PROGroups solutions offerings where its' member businesses can find a variety of contacts and resources for operating and managing a business.

MyReceivables.com provides businesses with instant cash against their accounts receivable through its integrated web-based platform. In addition to providing receivables funding, the company offers invoicing and statement processing, collections and reporting through its easy-to-use Internet interface. MyReceivables.com also provides proprietary online payment and transaction processing technology offering a variety of custom credit purchasing programs for consumer and business-to-business Internet transactions. MyReceivables.comThe company is backed by CDS Companies, a firm with a successful 28-year history.

"Business owners know that cash flow is critical to success," said Leonard Leff, president and chief executive officer of MyReceivables.com "MyReceivables.com gives our approved partners access to financial management services and A/R funding with weekly / bi-weekly electronic deposits, giving those businesses the competitive edge needed in today’s marketplace."

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 business accounts receivable funding and management. CDS Companies is a New York-based financial services and technology company. For more information, visit the company’s web site at http://www.MyReceivables.com or call Leonard Leff, president and chief executive officer, at 1-800-338-7353.