NEWS RELEASE NEW YORK, April 16, 2007Prestige Capital, a nationwide factoring firm servicing small and mid-sized businesses, announced the addition of Rachel Hersh as Sales Director for the company’s Northeast office. Hersh will lead the ongoing sales growth strategy for the Northeast Region of the US, as well as expand its presence in New York’s Tri- State area. She will report to Executive Vice President Stuart Rosenthal. “I am very excited to welcome Rachel to this new and crucial role as Prestige Capital continues to grow and meet the needs of our customers,” said Stuart Rosenthal. “She has an established a track record of outstanding sales leadership in the financial services industry and her enthusiasm and extensive knowledge of the industry is a great asset to both current and future clients.” Hersh brings over a decade of sales and management experience working with banking institutions and accounting and law firms to this position. “Having the ability to provide an extensive array of funding options allows me to be a better advocate for my clients,” stated Hersh. “Prestige’s expertise, combined with my relationships with bankers and other established funding sources, will allow my clients to make a smoother transition into traditional financing when appropriate,”. AboutPrestige Capital Established in 1985,Prestige Capital provides factoring services for small and mid-sized organizations that do not yet qualify for traditional bank financing. With a client base that includes, distribution, service, manufacturing, construction and import/exports, Prestige Capital offers services including Factoring, Credit Protection Services, Factors Assurance Program and Back Office Services. Prestige Capital’s team of experienced financial professionals can help improve a business’s overall financial stability. To learn more, visit www.prestigecapital.com.