Bibby Financial Services Announces Appointment of David Fortner, VP Sales

Business Wire,  July 8, 2008  

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ATLANTA -- Bibby Financial Services (BFS) is pleased to announce the appointment of David Fortner as VP of Sales, specializing in its Export Finance product. David will be based out of Atlanta, Georgia.

David joins BFS with fifteen years of experience in the accounts receivable finance and factoring industry. For the last seven years, David has worked for GMAC Commercial Finance as an International Account Executive, managing a $170 million portfolio of export and direct import clients. Prior to this, David worked with Bank of America and NationsBank where his jobs included Credit Manager, Trade Finance Specialist, and Accounts Receivable Specialist. David is Factors Chain International certified, Moody's Credit Training certified, has a strong working knowledge of credit insurance and factoring, and is a member of the Commercial Finance Association Atlanta Chapter.

Ian Varley, CEO of Bibby Financial Services (California) states, "We are excited to have David join our sales team, and take great pride in appointing someone with his experience and understanding of our industry. David will be working with our BFS offices around the world and correspondent members of the International Factors Group that we are proud members of."

Bibby Financial Services has doubled its clients and volumes in 2007 over 2006 and expects similar strong growth levels in 2008. Bibby has an ever expanding regional presence throughout North America with businesses in Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach. The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients.

David can be reached at dfortner@bibbyusa.com.

Notes to Editors

Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail.

Bibby Financial Services is a world wide, market leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes receivable finance, factoring, export finance, purchase order finance, and specialist solutions for the staffing and trucking sectors.

Operating via a global network of 29 autonomous operating companies in Canada, the United States, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit www.bibbyusa.com, www.bibbycanada.ca, www.bibbytf.com, www.bibbystaffingfinance.com, www.bibbyfinancialservices.com.

For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk.

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