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Platinum Funding Group Provides Letter of Credit to Growing Food Import and Distribution Firm.

 NEW YORK, NY Jan. 30, 2007 -- Platinum Funding Group announced today it has completed a two-year deal to provide letter of credit and accounts receivable financing for Fresh Harvest Products, Inc. (“Fresh Harvest”), a growing New York City-based importer and distributor of quality organic, natural and kosher food products.

 Eyal Levy, CEO and founder of Platinum Funding Group, stated: "With Fresh Harvest's incoming orders growing, Platinum's financing was crucial in assuring the company's vitality   as it grows."

 Fresh Harvest distributes Wings of Nature™ organic food products. Its product line includes health bars, coffee, olive oil and a variety of beverages that are supplied to large regional supermarket chains including ShopRite, Whole Foods and Tree of Life (one of USA’s largest natural and organic food distributors). Fresh Harvest has been in business since 2003.

 Fresh Harvest received from Platinum Funding Group a letter of credit financing facility to  assist in the purchase of products to fill customers’ purchase orders. With Platinum Funding Group’s letter of credit financing and accounts receivable factoring services, the company expects strong sales growth for 2007 and expansion into the national market.

"We chose to work with Platinum Funding Group because of their professionalism, flexibility, efficiency and their desire to build a relationship with a young growing company,” said Michael J. Friedman, President of Fresh Harvest Products, Inc. He added: “As we expand nationally,  we look forward to continuing to work with Platinum."

About Platinum Funding Group
 

 Platinum Funding Group is a leading factoring company that provides clients with accounts receivable funding, letters of credit, bridge funding and accounts receivable management. Established in 1992, Platinum Funding Group has consistently assisted companies with  annual sales between $1 million and $150 million. Platinum Funding Group possesses the financial resources to serve the needs of companies across more than 30 industries. Platinum Funding Group issues same-day advances on accounts receivable to early-stage, fast growing firms and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has a network of regional offices throughout the US.

About Fresh Harvest Products, Inc.

 Fresh Harvest Products, Inc. sells, markets and distributes natural and organic food products and beverages.  Under the Wings of Nature™ brand name, Fresh Harvest offers a line of organic snack products, which primarily include health bars, coffee bars, tortilla chips and salsa.   In addition, Fresh Harvest provides a grocery product line which includes several varieties of whole bean and ground coffee, olive oil and beverages.   The Company sells its products to natural food distributors and stores, specialty supermarkets and mass market retailers.  Fresh Harvest Products, Inc. was founded in 2003 and is headquartered in New York City.  Additional information is available at www.freshharvestproducts.com.

 


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