PrimeStreet Corporation Forms Alliance with MyReceivables.com

BALDWIN, NY, July 27, 2000 - MyReceivables.com, the first company to offer small businesses a full range of customized, Internet-based accounts receivable services, today announced an alliance with PrimeStreet Corporation, the leading open finance marketplace for small business. "MyRecievables.com provides the accounts receivable management services that complement PrimeStreet's variety of financing options. This alliance provides yet another way to access the efficient receivables services available through MyReceivables.com," said Leonard Leff, CEO of MyReceivables.com.

"MyReceivables.com is more than a financial lender, they provide small business owners with an entire accounts receivable department at their fingertips," said Stephanie Febonio, Senior Vice President of PrimeStreet's Financial Services Network. "With the addition of MyReceivables, PrimeStreet is adding a new dimension to its already extensive online financial lending marketplace for small businesses."

PrimeStreet's online open finance market enables visitors to sidestep much of the time and hassle usually required in shopping and applying for a loan and to receive faster borrower acceptance and broader access to funds. PrimeStreet also offers a suite of financial advisory services for small business owners, including free credit checks, free financial newsletters, a finance library, and the ability to purchase credit reports.

MyReceivables.com provides cash flow and receivables management, credit application processing, Internet and paper-based billing, collections, database marketing services and private label e-commerce credit card programs with online speed and convenience.

About PrimeStreet Corporation

PrimeStreet is the leading provider of open-finance infrastructure for financial institutions and e-commerce market makers, and the operator of the premier online loan auction for small businesses. For members of PrimeStreet's Financial Services Network, PrimeStreet provides incremental, credit-worthy small business customers at a low acquisition cost as well as up-to-the-minute small business market trend data. PrimeStreet's technology also enables small business owners to choose business-financing options from high-quality lenders that compete to meet their needs through PrimeStreet's online loan auction. PrimeStreet has transformed the traditionally complex and time-consuming method of applying for a loan into a simple, fast, and effective process. For the small business owner or principal, PrimeStreet puts the borrower in control and fundamentally changes the way small businesses get financed. The company is based in Boston, Massachusetts. For more information on PrimeStreet, please visit www.primestreet.com or call 1-888-609-PRIME.

About MyReceivables.com

MyReceivables.com is the first financial services company, backed by a firm with a 28-year track record, which provides small businesses with cash against their receivables through a completely web-based platform. The company provides a full range of customized accounts receivable services, including accounts receivable management, rapid funding, billing, collections, and database marketing; making it the Internet's backbone for small businesses' accounts receivable funding and management. For more information, visit the company's web site at http://www.MyReceivables.com or call Leonard Leff, president and chief executive officer, 1-800-338-7353.


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