SOURCE: The Receivables Exchange

December 05, 2007 10:44 ET

The Receivables Exchange Announces Partnership With Porter Capital Group

Porter Capital Secures a Seat on The Receivables Exchange to Provide Working Capital for Small and Middle Market Companies

NEW ORLEANS, LA--(Marketwire - December 5, 2007) - The Receivables Exchange ( announced today that Porter Capital has partnered with the company to provide working capital through The Receivables Exchange. The Receivables Exchange is America's first online marketplace for real-time trading of accounts receivable and is currently offering preferential access to tier one members for financial research, historical bids and market depth.

"Porter Capital is excited about the opportunity to become a tier one member of The Receivables Exchange as this will allow us to lend more money and help us reach thousands of growing companies nationwide," said Marc Porter, CEO of Porter Capital.

"Porter Capital lends over $450 Million in working capital each year to small and middle market companies," said Nic Perkin, Co-founder of The Receivables Exchange. "Porter Capital is one of the fastest growing lenders in the Southeast and will be a great member on the exchange as they offer companies a range of unique services including accounts receivable financing, bridge loans and equipment leasing."

About Porter Capital Group

The Porter Capital Group is a leading commercial lender providing companies throughout the United States with the funding they need to grow their businesses and ultimately succeed. Founded in 1991 in Birmingham, Alabama, The Porter Capital Group, comprised of Porter Capital Corporation, Porter Bridge Loan Company and CapitalPartners Leasing, offers clients a range of unique services including accounts receivable financing, bridge loans and equipment leasing.

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
    Media Relations
    (504) 208-2431

    Porter Capital Group
    Media Relations
    (205) 322-5442