NOWaccount frees up the capital a small business needs to grow and will transform trade credit in much the same way that the credit card transformed the way consumer credit was funded.
(PRWEB) September 04, 2013
At the recent FSXinterlinked Investment Conference held at the Ritz Carlton in Fort Lauderdale, Florida, NOWaccount Network Corporation's President & CEO, Lara O'Connor Hodgson, granted an exclusive interview for the FSXinterlinked channel on InterlinkedTV.
NOWaccount Network Corporation is the first merchant service designed for businesses that sell to other businesses or governments. Small businesses currently hold over $1 Trillion of trade credit on their balance sheets. With a NOWaccount a small business can get paid immediately for a fee that is less than accepting a credit card for payment. NOWaccount is not a loan to the small business and it is completely invisible to the small business' customers. NOWaccount frees up the capital a small business needs to grow and will transform trade credit in much the same way that the credit card transformed the way consumer credit was funded.
During the interview Ms. O'Connor Hodgson said, "What NOWaccount does is solve the problem that small business in the United States today hold over 1.2 trillion dollars of trade credit. It looks like accounts receivable. Five years ago I had started a manufacturing company and I was growing well but as I got bigger and bigger accounts they take longer and longer to pay. So I was essentially the bank. A free bank. Small Business have never been relieved of the burden of funding this trade credit." She added, "NOWaccount does for business to business what the credit card did for consumer transactions."
About FSXinterlinked Investment Conference
FSXinterlinked is the premier investment conference organization in the United States. Founded as Financial Services Exchange (FSX) in 1983, it is a national organization comprised of independent FINRA broker/dealer firms and private equity fund managers. With quarterly investment conferences hosted throughout the U.S., FSXinterlinked creates a forum for emerging growth companies seeking capital to present to a nationwide network of financial investment professionals.
The FSXinterlinked network of independent broker/dealers has a combined sales force of thousands of accredited investors looking to invest in companies of all sizes and industries. To date, more than $3 billion has been raised for presenting companies through the FSXinterlinked network. FSXinterlinked’s exclusive network of FINRA firms makes the investment conferences the ideal setting for private and public companies seeking mezzanine financing, funding for private placements, IPOs, secondary financing and pipes, exposure, and more. For more information, visit http://www.fsxinterlinked.com/.
Interlinked is a global investment community of accredited investors, emerging growth companies, and resource partners. Interlinked offers an efficient way for companies to maximize exposure and access a private network of funding sources and verified service providers. For investors, Interlinked provides a secure environment to find, vet and engage companies, and communicate with members. Interlinked gives members exclusive access to a proprietary investment platform, which integrates virtual data rooms, video news, a service provider marketplace, an event directory, and customized marketing services, including email marketing, video production, public relations and more. For more information, visit: http://www.interlinked.com/.
Safe Harbor Statement
This press release may contain information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.