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PRESS RELEASES

*Click on title to see the entire Press Release

                                                          

           

2008

• UK - October 22, 2008 – Platinum Funding UK Limited, a premier factoring company, announces the £1,750 million funding agreement with PrismTech Limited (“PrismTech”), a privately-held firm based in Gateshead Tyne and Wear.

• UK - September 09, 2008 – Platinum Funding UK Limited, a premier factoring company, announces the completion of a factoring facility for Hoarding, Fencing & Decking (HF&D), an Essex, UK-based company. The financing arrangements represents Platinum’s first success story with its new UK operation.

• UK-August 27, 2008 Platinum Funding Group, a premier factoring company, announces the opening of Platinum Funding UK Limited in Basingstoke, England. The company will provide accounts receivable factoring services for companies based in the United Kingdom.

• USA-July 29, 2008 -Platinum Funding Group Provides $12 Million Factoring Facility To Electrical Subcontractor

• USA-July 08, 2008 - Platinum Funding Group Provides Financing For IT Firm In 5 Business Day. IT Cats required acceleration of cash flow due to recent growth and expansion of business, in order to meet the payroll demands.

• USA-June 17, 2008 -Platinum Funding Group provides $66 Million Factoring Facility to Velocita Wireless to support acquisition of SkyTel, from Bell Industries, Inc.

• USA-June 04, 2008 - Platinum Funding Group has signed a two-year, $8.4 million factoring agreement with a maintenance contractor servicing utility companies.

• USA-March 03, 2008 - Platinum Funding Group has signed an agreement for a $25-million accounts receivable factoring facility with Cumberland Valley Fabricators, Inc. and Waddell Construction, Inc. The facility funded the acquisition of the Virginia-based Waddell by Maryland-based Cumberland, both construction companies. The initial advance was provided against 3.4 million

• USA-January 17, 2008 - Platinum Funding Group, a leading factoring company, announced that it provided $250 million in financing for new deals in 2007

• USA-January 10, 2008 - Platinum Funding Group, a leading factoring company, today announced the commencement of Thinking Outside The Box, a networking series to stimulate out of the box thinking among leaders of the financial community.

2007

• USA-December 11, 2007 - Platinum Funding Group, a leading factoring company, announced today that Citibank has joined with JPMorgan Chase as a participating bank to provide finacing
  

• USA-November 06, 2007 - Platinum Funding Group, a leading factoring company, announced today a two-year, $6-million financing facility for Cal Stonewood.

• USA-November 01, 2007 - Platinum Funding Group Provides $7 million in financing to a Manufaturing Company

• USA-October 15, 2007 - Platinum Funding Group Expands to West Coast Appoints Rick Collins as Business Development Manager in Los Angeles.

• USA-August 15, 2007 - Platinum Funding Group Appoints Mary Ellen Nixon-Moore Vice President of Underwriting.

• USA-August 08, 2007 - Platinum Funding Group provides $12 million factoring facility for IT consulting and staffing company.

 

• USA-July 18, 2007 - Platinum Funding Group Opens New Office in Atlanta; Appoints Dina Niron Vice President of Business Development

 

• USA-July 16, 2007 - Platinum Funding Group provides $3 million in financing to automotive industry service provider.

 

• USA-June 11, 2007 - Platinum Funding Group has completed factoring facility for a web design company.

 

• USA-May 22, 2007 - Platinum Funding Group has completed a two-year, $4-million factoring and purchase order finance facility for an apparel firm.

 

• USA-May 15, 2007 - Platinum Funding Group has entered into a factoring and purchase order funding agreement with a Maryland-based distributor of soy-based beverages.

 

• USA-April 26, 2007 - New York City-based firm relocates back-office functions to Midtown.

 

• USA-March 20, 2007 - Platinum Annouced Funding of $80 Million Within 48 Hours to Hawk One Security, Inc., a Minority-Owned Security Firm That Employs 1,100.

 

• USA-March 13, 2007 - Platinum Funds T-Shirt Time, Inc. and Pebo, LLC, Early-Stage Importers and Distributors of Apparel From Asia and Latin America

 

• USA-February 27, 2007 - Platinum Announces More Than $200 Million in New Deals in 2006, a Company Record.

 

• USA-February 13, 2007 - Platinum Funds Certus Software, Inc., a Governance Compliance Software Development Firm With $12 Million in Sales

 

• USA-February 07, 2007 - Platinum Funding Group Comples a Factoring Facility For An Early-Stage Wholesale Distribution Firm

 

• USA-January 30, 2007 - Platinum Funding Group Completes Letter of Credit for Growing Organic Foods Distributor

 

• USA-January 09, 2007 - Platinum Funding Group Completes Large Factoring Facility for Supplier to General Motors

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