Platinum Funding Group, AR Factoring Key Player, Rapidly Expanding Nationwide

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Platinum Funding Group opened 5 offices throughout the country, in the states of Illinois, Florida, Texas, Ohio and Michigan.

Platinum Funding Group announced today that, in a rapid expansion scheme, it opened 5 offices throughout the country over the past 5 months.

Platinum Funding Group is expanding rapidly, opening offices throughout the country, at a very fast pace.

With the same proven methods of speed, flexibility and creativity, Platinum Funding Group, opened regional offices in Illinois, Florida, Texas, Ohio and Michigan over the past 5 months. This strong presence throughout the country will allow Platinum Funding Group to reach out to new markets and serve industries that don’t traditionally use factoring services.

This strategy is part of a global reorganization of the company under the leadership of its founder, Eyal Levy, Chairman and CEO of the company. After acquiring his partners’ shares in October 2005, and gaining full ownership of the company, Mr. Levy named William Rooney as President and James Bertie as Chief Operating Officer.

At the same time, Einat Steklov, an attorney and a member of the New York business community, joined Platinum’s marketing team as Senior Vice President, where she brought a strong and durable relationship with Venture Capital companies, investment banking firms and asset based lenders. Previously, Ms. Steklov served as an executive and a consultant in the areas of restructuring, M&A and financing, working with both mature companies and early stage ventures.

The 5 new regional offices are headed by Vice Presidents who come from the banking and lending industries. They all possess ties with the business community in their geographic areas.

The expansion strategy also happens in the cyberspace. Platinum Funding Group has partnered with designers, web developers and marketing agencies to establish its online presence. Platinum’s new website is providing essential information on accounts receivable factoring, bridge funding, Debtor-In-Possession funding, letters of credit, intercreditors agreements and acquisition funding to prospective clients.

“We are at a very exciting turn, where the company is reaching a new level of excellence.” said Eyal Levy, Platinum Funding Group’s Chairman & CEO. “We are combining the strength of the human contact and the global effect of online marketing” Levy added.

Brokers in the factoring community are calling Platinum’s expansion “intriguing and exciting”.

In the near future, Platinum Funding Group is set to open offices in Atlanta, GA and Los Angeles CA.

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, Platinum Funding Group has been consistently helping companies with annual sales revenue between $1 million and $100 million.

Platinum Funding Group 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 a network of regional offices throughout the US.

Contact:

Layla Law-Gisiko

Public Relations

1-888-700-PLATINUM

http://www.PlatinumFundingGrp.com

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Layla Law-Gisiko
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