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.
