SOURCE: The Receivables Exchange

December 13, 2007 08:00 ET

Greenfield Commercial Credit Joins The Receivables Exchange

Greenfield Commercial Credit Secures Seat on The Receivables Exchange

NEW ORLEANS, LA--(Marketwire - December 13, 2007) - The Receivables Exchange ( announced today that Greenfield Commercial Credit has secured a Tier One Seat on the Exchange. The Receivables Exchange is America's first online marketplace for real-time trading of accounts receivable and is currently offering limited access to Tier One memberships, including ownership of a Seat on the Exchange.

"Greenfield Commercial Credit understands the current evolution of the receivables financing marketplace and views The Receivables Exchange as the complementary innovation to diversify and broaden its portfolio," said Jon Rye, Chairman of Greenfield Commercial Credit. "We are aggressively looking for new ways to generate high risk-adjusted returns and The Receivables Exchange is the platform to accomplish this goal."

"Greenfield's progressive business model and growth in the asset based lending and factoring industry represents the ideal profile of Tier One seat holders for the exchange," said Paul Ellis, Vice President of The Receivables Exchange. "Greenfield is a full service lender that recognizes the fast growing trend in providing new liquidity into this changing marketplace."

About Greenfield Commercial Credit

Greenfield Commercial Credit is a privately held commercial finance company that lends money to businesses that are unable to get bank financing. It specializes in small to medium sized companies, and its reputation is built on speed and creativity. Additional information may be found on its website at

About The Receivables Exchange

The Receivables Exchange (, a wholly owned subsidiary of The New Orleans Exchange, is America's first online marketplace for trading accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting companies to a nationwide network of lenders who compete in real time to buy and trade receivables. Exchange participants benefit from immediate and flexible access to working capital finance at the nation's most competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. For more information, visit

Contact Information

    The Receivables Exchange
    Jim Quigley
    (504) 208-2431

    Greenfield Commercial Credit
    Media Relations
    (248) 723-8001