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Smyth Corporate Staffing and the New York Credit & Financial Management Association Announce Alliance

Smyth appointed exclusive credit and collections staffing firm.

Parsippany, NJ August 26, 1999 - Smyth Corporate Staffing, headquartered here, the nation's leading specialized staffing resource, and the New York Credit & Financial Management Association, the oldest credit organization in the country, announced an alliance to provide companies nationwide with access to an unequaled pool of credit and collections professionals.

"Smyth Corporate Staffing has been matching experienced credit and collections professionals with the best firms in the country, and we've enjoyed a longstanding, mutually beneficial relationship with NYC&FMA. We offer many advantages, including a recruitment specialist dedicated exclusively to all referrals", said Judy Pascarello, Smyth's VP. Founded nearly 100 years ago, Smyth Corporate Staffing continues to be a leader in the Finance personnel business, leading the way in this fast changing field with innovative recruitment tools and interim project staffing capabilities.

In addition, clients will have access to over 700 specialists through Creditek, Smyth's parent company, the industry leader in revenue and receivables management and consulting. "Smyth's national database of candidates and participation in leading National Trade Associations, combined with New York Credit and Financial Management Association's representation of over 1,000 member companies, is a truly powerful alliance enabling companies and professionals to come together by pooling the best resources", comments Creditek's VP Tom Corbett.

"For the past eighty years, the New York Credit & Financial Management Association and Smyth Corporate Staffing have represented the same marketplace. Both organizations have met, and continue to meet, the needs of the credit and financial community. I am pleased to announce to our members, as well as other local entities within our profession, a new partnering arrangement that will benefit the credit and financial community's permanent and temporary professional staffing needs", states NYC&FMA's President Kim Zablocky.

Zablocky continues "This partnering ensures that in the event that a member becomes unemployed, he/she will have two organizations working for them in their time of need! As this new membership benefit is rolled out, we ask that our members contact their Association to learn more about Smyth, and about how together we can continue to serve you, our valued member."

About Smyth Corporate Staffing
For nearly a century, Smyth Corporate Staffing has been the nation's leading specialized staffing resource for finance, treasury, accounting, credit and collections professionals, as well as finance project management. Distinctive staffing services include permanent placements, and interim and project assignments. Smyth's CreditProsä provides finance and accounting projects; treasury studies; credit risk scoring, modeling and analysis; accounting and A/R systems implementation; and consulting and training programs. CreditProsä provides experts for all interim projects, including credit and collections, A/R clean ups, cash application backlogs, and deduction management.

About Creditek, LLC
Creditek is the industry leader in specialized outsource receivables management services including dilution, deduction and payment exceptions. Services include both total and targeted A/R outsourcing solutions, tactical projects, consulting, global credit insurance, co-op and trade promotion management, and staffing. Creditek enables clients to improve efficiency and long-term performance by streamlining their internal receivables operations, using proprietary programs that self-fund by reclaiming large amounts of written-off revenue.

About the New York Credit & Financial Management Association
The NYC&FMA, the oldest credit organization in the country, merges experience gained over it's 104 years of existence with the technologies of the present to protect it's members from losses due to imposition and fraud resulting from the sale of goods and services on credit terms. NYC&FMA represents over 1,000 member companies who are commercial credit grantors throughout the broad spectrum of manufacturing, wholesaling, financial institutions, service industries and professional firms. Service area reaches throughout New York City, Long Island, Westchester, Northern New Jersey and Northeastern Pennsylvania.

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