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PRESS RELEASES

*Click on title to see the entire Press Release

    2008

• 07/29/08 -Platinum Funding Group Provides $12 Million Factoring Facility To Electrical Subcontractor

• 07/08/08 - Platinum Funding Group Provides Financing For IT Firm In 5 Business Days. IT Cats required acceleration of cash flow due to recent growth and expansion of business, in order to meet the payroll demands.

• 06/17/08 -Platinum Funding Group provides $66 Million Factoring Facility to Velocita Wireless to support acquisition of SkyTel, from Bell Industries, Inc.

• 06/04/08 - Platinum Funding Group has signed a two-year, $8.4 million factoring agreement with a maintenance contractor servicing utility companies.

• 03/18/08 - 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

• 01/29/08 - Platinum Funding Group, a leading factoring company, today announced the promotion of Anna Belkina to the position of Senior Business Development

• 01/21/08 - Platinum Funding Group, a leading factoring company, today announced that Dina Niron has been promoted to Senior Vice President of Business Development. 

• 01/17/08 - Platinum Funding Group, a leading  factoring company, announced that it provided $250 million in financing for new deals in 2007

• 01/15/08 - Platinum Funding Group, a leading factoring company, announced a recent decision by Judge Shira A. Scheindlin of the Southern District of New York in Dessert Beauty, Inc. v. Platinum Funding Corp—a  landmark case with significant implications for factoring and asset-based lending sectors.

• 01/10/08 - 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                                                                                                                                                             

• 12/11/07 - Platinum Funding Group, a leading factoring company, announced today that Citibank has joined with JPMorgan Chase as a participating bank to  provide finacing  

• 11/06/07 - Platinum Funding Group, a leading factoring company, announced today a two-year, $6-million financing facility for Cal Stonewood.

• 11/01/07 - Platinum Funding Group Provides $7 million in financing to a Manufaturing Company

• 10/15/07 - Platinum Funding Group Expands to West Coast Appoints Rick Collins as Business Development Manager in Los Angeles.

• 08/15/07 - Platinum Funding Group Appoints Mary Ellen Nixon-Moore Vice President of Underwriting.
  
  
• 08/08/07 - Platinum Funding Group provides $12 million factoring facility for IT consulting and staffing company.
  
  
• 07/18/07 - Platinum Funding Group Opens New Office in Atlanta; Appoints Dina Niron Vice President of Business Development
  
  
• 07/16/07 - Platinum Funding Group provides $3 million in financing to automotive industry service provider.
  
  
• 06/11/07 - Platinum Funding Group has completed factoring facility for a web design company.
  
  
• 05/22/07 - Platinum Funding Group has completed a two-year, $4-million factoring and purchase order finance facility for an apparel firm.
  
  
• 05/15/07 - Platinum Funding Group has entered into a factoring and purchase order funding agreement with a Maryland-based distributor of soy-based beverages.
  
  
• 04/26/07 - New York City-based firm relocates back-office functions to Midtown.
  
  
• 03/20/07 - Platinum Annouced Funding of $80 Million Within 48 Hours to Hawk One Security, Inc., a Minority-Owned Security Firm That Employs 1,100.
  
  
• 03/13/07 - Platinum Funds T-Shirt Time, Inc. and Pebo, LLC, Early-Stage Importers and Distributors of Apparel From Asia and Latin America
  
  
• 02/27/07 - Platinum Announces More Than $200 Million in New Deals in 2006, a Company Record.
  
  
• 02/13/07 - Platinum Funds Certus Software, Inc., a Governance Compliance Software Development Firm With $12 Million in Sales
  
  
• 02/07/07 - Platinum Funding Group Comples a Factoring Facility For An Early-Stage Wholesale Distribution Firm
  
  
• 01/30/07 - Platinum Funding Group Completes Letter of Credit for Growing Organic Foods Distributor
  
  
• 01/09/07 - Platinum Funding Group Completes Large Factoring Facility for Supplier to General Motors                                                                                                                                                           2006                                                                                                                                                            
• 11/07/06 - Platinum Funding Group Provides Working Capital to Manufacturer in Chapter 11
  
  
• 09/13/06 - Platinum Provides $70 Million in Accounts Receivable Funding to Construction Company EEI
  
  
• 07/11/06 - JPMorgan Chase and N M Rothschild & Sons provide capital to Platinum
  
  
• 06/26/06 - Platinum Strengtens its Offering to Hedge Fund and Venture Capital Communities
  
  
• 06/20/06 - Platinum Funds 3 Deals in Record Time
  
  
• 04/25/06 - Platinum Brings Funding Solutions Tailored to VC
  
  
• 03/21/06 - Platinum Funding Group Announces Debtor-In-Possession Financing Deal with FEMA Sub-contractor
  
  
• 03/01/06 - Platinum Funds Firm Against $8 Million A/R
  
  
• 02/23/06 - Platinum Opens 5 Regional Offices
  
  
• 02/14/06 - Platinum Launches new Website
  
  

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