The Receivables Exchange Welcomes Cedar Lane as a Buyer of Entertainment Receivables

The Receivables Exchange, the world's first online marketplace for real-time trading of accounts receivable, announced today that Cedar Lane Asset Management, LLC has joined The Receivables Exchange as a Buyer of entertainment and media receivables.

“We are very excited to have Cedar Lane, one of the leaders in asset -based finance to entertainment and media companies, join The Receivables Exchange,” said Nicolas Perkin, co-founder and president of The Receivables Exchange. “Cedar Lane’s participation in the Exchange continues to broaden our global network of Buyers and further underscores the broad appeal of our online marketplace for accounts receivable.”

“Cedar Lane’s focus on asset-based investments in the entertainment industry also highlights the benefits Sellers can expect from having access to a large and diverse network of Buyers in a centralized marketplace,” Perkin added.

Cedar Lane, a New York-based asset manager managing funds specializing in asset-backed loans to owners and distributors of entertainment and media content, advises funds with more than $120 million in assets under management. Cedar Lane joins The Receivables Exchange’s distinguished group of Buyers from around the world that will compete in real-time at competitive rates for accounts receivable. The Receivables Exchange will provide millions of small-to-mid-sized businesses quick access to working capital at a lower cost than other financing options.

“The Receivables Exchange allows Cedar Lane to extend our asset-based finance investment strategies to include short-term receivables,” said Sam Adams, Cedar Lane’s Managing Director. “The Exchange offers a unique opportunity to obtain returns better than money-market but with shorter tenures than the traditional entertainment and media loan positions in our funds’ portfolios. Through The Receivables Exchange platform we can invest funds on a short-term basis to a qualified pool of Sellers at a much higher rate of return than cash alternatives without diverging from our investment strategy.”

In the United States alone, there is more than $18 trillion in accounts receivable annual turnover, yet less than one percent of that volume is currently financed. The Receivables Exchange's patent-pending, proprietary online trading platform brings together a global network of accredited Buyers with America's growth-oriented small and mid-sized businesses in search of capital to help them grow. The Receivables Exchange’s Charter Member program has surpassed more than $2 billion in accounts receivable turnover since commencing its sales initiatives six months ago.

About The Receivables Exchange
The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting private companies to a global network of accredited Buyers who compete in real time to buy and trade receivables. Exchange participants benefit from flexible access to working capital finance at competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. The Exchange's trading platform is proprietary and patent-pending. For more information, visit www.receivablesXchange.com.

About Cedar Lane Asset Management, LLC
New York-based Cedar Lane is an asset manager that sources and structures asset-backed loans to owners and distributors of entertainment content. The company started in 2006 and advises funds with more than $120 million in assets under management. For more information, visit www.cedarlanefund.com.