companyfinance.com Announces Alliance with Deloitte & Touche to Provide Business Clients with Faster Asset-Based Loan Processing

Business Wire, July 12, 2000

Business Editors

BURLINGAME, Calif. & NEW YORK--(BUSINESS WIRE)--July 12, 2000

companyfinance.com, the premier Internet B2B financial enabler for small- and middle-market companies, announced today that they have formed an alliance with Deloitte & Touche LLP, one of the nation's leading professional services firms. The alliance is designed to expedite the processing and closing of asset-based loans (ABL) for companyfinance.com's member lending institutions and business clients.

A nationally recognized leader in the industry, Deloitte & Touche has significant experience in providing asset-based field examinations to a variety of lending institutions. Under the agreement, the Big Five firm will provide ABL collateral examination services on behalf of companyfinance.com to those companies applying for an asset-based loan and requiring such an exam to close the financing. By utilizing theABL collateral exam performed by Deloitte & Touche, a lending institution that is a companyfinance.com Intelligent Lending Network (ILN) member should be able to reduce its customer acquisition expenditures as well as the time required to close on a prospective borrower. This is another service offered by companyfinance.com to help lenders expedite the lending process and to help borrowers receive the required funds as quickly as possible.

"Having the ability to send a qualified Deloitte & Touche team to the companies requiring the field exam to close for an asset-based loan allows us to further expedite the business financing process," said companyfinance.com COO, Glenn Roberts. "The service is designed to reduce examination costs to the lender and ultimately the borrower, and increase the efficiency of our ILN member's pre funding requirements at the same time. This combination of resources once again strengthens our position as the first true enabler in the e-finance space," added Roberts.

"As competition among lenders for borrowers continues to intensify, we are pleased to work with companyfinance.com in changing the loan acquisition process," said Tony DeVincentis, Partner in charge of Deloitte & Touche's Cosourcing ABL Practice. "We believe that the experience of our ABL group combined with the process and decision automation services already provided by companyfinance.com will add a tremendous amount of value for lending institutions and borrowers alike," added DeVincentis.

ABOUT companyfinance.com

Headquartered in Burlingame, CA, companyfinance.com is an internet-based, B2B financial enabler. The company uses proprietary analytics and information aggregation technology to power the Intelligent Lending Network(tm), an exchange matching middle-market borrowers with over 125 leading lending institutions. Combined with their process and decision automation systems, companyfinance.com is able to eliminate many of the inefficiencies of the traditional financing process, facilitating middle-market companies access to Business Capital at Internet Speed(tm). For more information, visit the www.companyfinance.com website or call 650.696.1411.

ABOUT DELOITTE & TOUCHE

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 90,000 people in over 130 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.