Platinum Funding Group Announces 2006 Results

Platinum Funding Group has announces that it has closed more than $200 million in new deals in 2006, setting a new record for the company.

NEW YORK (PRWeb) February 27, 2007 -- Platinum Funding Group announced more than $200 million in new deals in 2006. The contract volume is a record for Platinum in its 15 years in operation and is nearly double that of 2005.

The $200 million in new signed contracts also represents only the minimum volumes that the clients are required to finance with Platinum Funding Group. The actual finance volume is often several times greater than the minimum.

"Platinum has firmly established itself as a leader in the factoring industry over the last several years," said Eyal Levy, Chairman, CEO and founder of Platinum Funding Group. "We are very proud of another highly successful year in Platinum's history, continuing a tradition of profitability that has remained unbroken since the company's inception."

Platinum Funding Group got off to a busy start in the new year, closing four new deals in January alone. The company also plans this year to aggressively expand its presence and operations in European and Latin American markets.

The firm's new clients span many industries, including automotive, construction, government subcontracting, food import and distribution, electronics, information technology, apparel manufacturing, distribution and transportation.

About Platinum Funding Group:

Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management. Established in 1992, the company has been consistently assisting companies with annual sales revenue between $1 million and $150 million. Platinum possesses the financial resources to serve the needs of clients across more than 30 industries. Platinum Funding Group holds a leading position in factoring services, issuing same day advances on accounts receivable to start-ups, fast growing firms, and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has regional offices throughout the US. For more information, visit www.PlatinumFundingGroup.com.

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