PRESS RELEASE
January 24, 2008 - Sent to print and media outlets in the Greater Cleveland Area

AREA BUSINESSES GIVE ALTERNATIVE FUNDING A SECOND LOOK, TO GROW IN A DOWN ECONOMY

CLEVELAND, OH—In spite of increasing unemployment in Ohio and homes and businesses boarding up at an alarming rate, the outlook for area manufacturers remains bright. Machine shops, printers, and other small to mid-size manufacturers are turning to alternative financing solutions to acquire new equipment, expand facilities, and hire additional employees.

Financing options include often misunderstood and underused sources such as selling accounts receivable, purchase order funding and equipment leasing. According to Ted Resnick, president of Capital Conversion Group in Beachwood, “Businesses are beginning to realize that they can succeed, and even expand, in this economic environment. There are funds available to them through sources other than banks or traditional lenders.” Accounts receivable funding allows companies to realize immediate cash in hand based on the value of their products and services sold. The process depends more on the credit worthiness of their customers than their own financial picture.

Purchase Order Funding provides short term financing to acquire products for resale, and equipment leasing can include everything from office machines to heavy industrial equipment. International deals can be funded when properly structured. Even labor-intensive businesses such as staffing agencies with large cash-flow gaps are good candidates. “Financing options and rate structures have changed in the last several years. When conventional banking is problematic or insufficient, business people owe it to themselves, their employees, and even their customers, to take a fresh look at the alternative funding industry.”

Resnick sees the trend toward alternative financing as a ray of hope for not only the local business environment, but also employment rolls and the dire housing situation. “By helping Cleveland-area companies sustain and grow their businesses, we can help people keep their jobs and their homes. Alternative funding will be part of the re-birth of Cleveland and North-East Ohio."

For more information, contact Ted Resnick at Capital Conversion Group, (216) 382-6444, or visit www.ccgfunding.com

Important Questions and Business Conditions

If a company can identify with any of the following situations, they could be a candidate for alternative financing, such as A/R or PO funding. You owe it to yourself, your employees and your customers to find out more.

If you answer yes to any of these questions, click on WWW.CCGFUNDING.COM

Ask yourself: are you or have you ever

•Waiting months for payment of goods or services already provided
•Missing payment schedules, payroll or tax payments because of erratic cash flow
•Lost customers or clients over concern for financial stability
•Outgrowing an existing bank line of credit
•Turning away profitable projects due to lack of funding to pursue it
•Having limited access to capital, possibly due to collateral issues, length of time in business, or even weak personal credit rating
•On COD with vendors, or missing great cash discounts, paying high carrying fees
•Distracted or lost employees, voluntarily or involuntarily, due to company financial concerns
•Unable to meet payroll in spite of increasing customer demand (growth or timing issues)