Capital Access Network, Inc. Announces New International Strategic Alliance Program

NEW YORK, April 13 /PRNewswire/ -- Capital Access Network, Inc. (CAN), parent company of AdvanceMe, Inc., the nation's leading provider of Merchant Cash Advances (MCAs) to small and mid-sized businesses, today announced an International Strategic Alliance Program to help ISOs, processors, banks, merchant acquirers, factors and similar businesses expand their offerings abroad.  

CAN will offer country-specific licenses to partners that want to enhance their portfolios of small business financial products and services as well as create a new revenue opportunity. Through these licenses, partners will be offered a flexible and reliable turnkey solution that facilitates MCA origination and distribution, benefiting businesses seeking rapid entry into the international marketplace.  While MCAs have become a common working capital alternative in the U.S., only now is the product gaining international recognition.

CAN also will work with each partner individually, tailoring the CAN licenses so that the delivery of an MCA product integrates with the partner's current processes and technology. Offering an MCA will provide these companies an incremental revenue source as well as a retention tool for their existing customer bases.

"Generating additional revenue and retaining customers are key components of today's successful businesses. We intend to make this process as easy as possible for our partners by creating a program that best fits their needs, capabilities and technology platform," said Glenn Goldman, CEO of Capital Access Network, Inc. "As long as they have sufficient capital to support merchant fundings, we can provide everything else required to launch this new sales endeavor."

The new CAN program is fully customizable. A turnkey package can include hosting, marketing, sales, underwriting and customer service functions. Alternatively, CAN will simply train the partner's team to handle these functions, or do a combination of both.

In the U.S., AdvanceMe's MCA product provides small and mid-sized business owners with an alternative source to obtain the working capital they need through the purchase of a portion of the business' future credit and debit card receivables. The product is an alternative to a business loan and is based primarily on the strength and consistency of the business' card sales. For more information on the International Strategic Alliance Program through Capital Access Network, please contact Earl Perritt at 678-306-8824 or visit www.CANIntl.com.

About Capital Access Network, Inc.

Capital Access Network, Inc. (CAN) serves the small business market through its wholly owned subsidiaries, including AdvanceMe, Inc., the leader in Merchant Cash Advances. CAN leverages leading edge data, systems and technology, married to a unique and highly effective collection methodology, to deliver innovative financial products and services geared to the small and mid-sized business markets. Founded in 1998 and headquartered in New York, CAN and its subsidiaries currently employ 300 people in four locations in New York, Georgia, Massachusetts and Costa Rica. CAN's Data Services Division was formed to provide predictive analytics, scoring and other risk management tools to help quantify, control or reduce the exposure of those providing capital or credit to small and mid-sized businesses and to improve the marketing efficiencies of those who target such businesses. CAN's Data Services Division draws upon the data gathered by CAN's subsidiaries through 11 years of collecting and analyzing the sales trends and firmographics of tens of thousands of businesses to which they have provided capital or purchased future credit card receivables. Learn more at www.CapitalAccessNetwork.com.

About AdvanceMe, Inc.

AdvanceMe, Inc. is the nation's leading provider of Merchant Cash Advances to small and mid-sized businesses.  Since 1998, AdvanceMe has made almost 70,000 fundings, providing more than 30,000 businesses in all 50 states with over $1.6 billion in working capital.  Owners use AdvanceMe capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans.  For more information about AdvanceMe's innovative working capital solution, call toll-free 1-866-838-5097 or visit www.AdvanceMe.com.

SOURCE Capital Access Network, Inc.