Leading Supply Chain Finance Provider PrimeRevenue Announces Record 2009 Results

Atlanta, GA, February 9, 2010 – PrimeRevenue, the leading open Supply Chain Finance (SCF) platform provider, announced operating results for the year ending December 31, 2009.   
Among its accomplishments for the year, PrimeRevenue’s SCF Platform helped multiple European and North American clients achieve more than $100 million each in working capital reductions while providing more than $10 billion in on-demand, low cost financing to suppliers in 31 countries and ten currencies.   As a result, the Company’s SCF revenue more than doubled in 2009 over 2008 levels.

 Additional performance highlights included: 

• PrimeRevenue’s open, multi-bank SCF platform is now used in the three largest SCF program implementations in the world.  These three programs alone have nearly $3 billion in liquidity provided by nine banks.
   
• Record system activity levels, with more than $50 billion processed and 15 million payment transactions.
   
• Twelve new SCF buyer programs were added with buyers located in both Europe and the U.S.
   
• Six new software releases as PrimeRevenue’s clients continue to benefit from its SaaS-based open SCF platform.
   
• PrimeRevenue was selected by Global Trade Review magazine’s readers as the best Supply Chain Finance platform.

An important component of PrimeRevenue’s success has been its open, multi-bank SCF technology platform which is especially valued by organizations with strategic supply chains seeking control and flexibility in their SCF programs.  This open, multi-bank capability has become increasingly valued in a world of tighter credit and greater uncertainty in the financial markets. 
“I’m very proud of PrimeRevenue’s performance this year but what I’m most thrilled about is the results our clients are obtaining with their SCF programs.  Ultimately it’s client success that drives long term, repeatable results,” said P.J. Bain, PrimeRevenue CEO.  “To have multiple clients each achieve more than $100 million in working capital reductions and to be cited for our contribution in two of our client’s earnings calls is a tremendous indicator of the value we’re providing.” 

About PrimeRevenue, Inc.

For Global 2000 organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the leading provider of open platform Supply Chain Finance (SCF) technology and services.  Our open SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost, capital and risk throughout their supply chains and forging stronger trading partner relationships.  Headquartered in Atlanta, Georgia, USA, PrimeRevenue has offices and customers throughout the world. For more information, visit www.primerevenue.com. 

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Contact:
Emma Flack
PrimeRevenue
Direct: +1 678-904-7132
Email: pr@primerevenue.com