"Corporations are seeking practical answers to shore up operating fundamentals in the wake of this unforgiving economy. Our clients and most businesses in general, have taken the first obvious step by cutting costs and streamlining activities. However, how sustainable are these savings and more importantly, at what cost to future growth and/or customer service are they realized? This dilemma impacts not only operations in the near-term but also enterprise value in the medium-to long term," responds Creditek President and CEO, Corey V. Torrence.

A distinguished panel composed of elite Wall Street analysts and consultants will conduct the seminar, which promises to be an answer-packed intellectual dialogue between industry experts and corporate decision makers. Jeffrey Marshall, Director of Publication for Financial Executives International and Editor-in-Chief of their flagship magazine, Financial Executive, will moderate the seminar. Panelists will include Mahmoud Mamdani, Managing Director and Global Head of the Corporate Transformation Group, Morgan Stanley; Joe Vafi, Vice President, Robertson Stephens; Joe Shalleck, Partner, Marakon Associates; and Richard Roth, Managing Director, Hackett Best Practices.

If you are interested in attending this no cost seminar and have not received an invitation, contact Kevin Burke at 973-267-8500, Ext. 277.

ABOUT CREDITEK LLC
Founded in 1982, Creditek is one of the world's largest revenue cycle outsourcing firms. With $10 billion in receivables of Fortune 1000 clients currently under management, Creditek supports non-core order-to-cash financial functions such as, cash management, deduction/dispute resolution and accounts receivable. Unlike traditional revenue cycle outsourcing companies, Creditek works with it's clients to adopt a mutually agreed upon financial performance process that helps to optimize the company's value-creating opportunities. They do this by mapping key business performance indicators such as cash flow, revenue, margins and backlog, all in an effort to increase stakeholder value.

In 1999, Creditek received an investment from Parthenon Capital. This was followed by a subsequent investment from General Atlantic Partners in 2001. Creditek has experts in each aspect of finance and accounting processes, as well as specific knowledge of eight important industry sectors: Media and Entertainment, Technology and Communication, Energy, Consumer Package Goods, Retail and Transportation, Financial Services, Manufacturing, and Healthcare.

Morgan Stanley
Morgan Stanley is a world-renowned leader in serving individual investors, institutional investors and investment banking clients. Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more then 700 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their final aspirations.

Robertson Stephens
Robertson Stephens, Inc. (together with it's international affiliates, "Robertson Stephens") is a leading full service investment bank focused on growth companies. The firm provides a comprehensive set of investment banking products and services, including equity underwriting, sales and trading, research, M&A advisory, convertible securities, private capital, equity derivatives, and corporate and executive services. Robertson Stephens, Inc. is a NASD member and a member of all major exchanges and SIPC.

Financial Executives International
Financial Executives International (FEI) is the leading voice on behalf of corporate financial executives, offering peer networking opportunities, emerging issues alerts, personal and professional development and advocacy services to Chief Financial Officers, Controllers, Treasurers, Tax Executives, Finance and Accounting Professors in academia.

Marakon Associates
Marakon Associates is an international management consulting firm that works with CEOs and their teams to deliver distinctive strategies and organizational capabilities that maximize the long-term value of their companies.

Hackett Best Practices
Leading companies look to Hackett Best Practices, a division of Answerthink, for help in identifying and deploying proven and emerging best practices using tools such as benchmarking, research and collaborative learning.