Phinder Technologies Inc. secures $10 million in accounts receivable financing

OTC BB symbol (PHDT)

Mar 28, 2007, 01:00 ET from Phinder Technologies Inc.

    MIAMI, FL, March 28 /PRNewswire-FirstCall/ - Phinder Technologies Inc.
 is pleased to announce that it has closed a $10 million factoring line with
 Thermo Credit, LLC of New Orleans and Rockland Credit Finance, LLC of
     Thermo Credit, LLC will partner with Rockland Credit Finance, LLC to
 provide up to $10 million of accounts receivable financing, to Zupintra
 Communications Inc. (Zupintra), a wholly owned subsidiary of Phinder
 Technologies Inc. Zupintra will have access to the accounts receivable
 financing as soon as the credit insurance, as announced in the October
 press release is in place. This line will fund revenues of up to $20
 million per month for Zupintra. Although Thermo Credit, LLC is an accounts
 receivable company specializing in the telecommunication industry, this is
 their first foray into the wholesale carrier to carrier marketplace.
     "The fact that we had a previous working relationship with Zupintra's
 management team and Phinder Technologies Inc. CEO, John Alexander van Arem
 gave us the comfort level we were looking for to roll out this new product"
 stated Seth Block, Executive Vice-President of Operations of Thermo Credit,
     "We are very pleased with this financing arrangement", stated John
 Alexander van Arem, CEO of Phinder Technologies Inc. "The terms are
 favorable and the size of the line positions the company to negotiate
 preferred terms with our suppliers".
     Phinder Technologies' core business runs through its wholly owned
 subsidiary, Zupintra Communications Inc. Zupintra is a facilities based
 wholesaler of international voice traffic within the carrier to carrier
 network. As a wholesale VoIP provider, Zupintra Communications Inc. signs
 both origination and termination contracts with next generation carriers
 and profits from negotiated rates.
     In compliance with the "safe harbor" provisions of the Private
 Securities Litigation Reform Act of 1995, PHDT notes that statements
 contained in this announcement that are not historical facts may be forward
 - looking statements that are subject to a variety of risks and
 uncertainties. Accordingly, PHDT wishes to caution readers of this
 announcement that its future actual results may differ materially from
 those that any forward - looking statements may imply. There is no
 assurance the above - described events will be completed. There can be no
 assurance of the ability of the company to achieve sales goals, obtain
 contracts or financing, consummate acquisitions or achieve profitability in
 the future. The above and additional factors are discussed in detail in the
 company's filings with the U.S. Securities and Exchange Commission. These
 may be viewed at and many other Web sites without charge.

SOURCE Phinder Technologies Inc.