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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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