Growing Businesses find a Trusted Partner in Bibby Financial Services

TORONTO--(BUSINESS WIRE)--Bibby Financial Services recently provided a $1.5 million credit facility to a cable communications company in western Ontario. The company performs underground and aerial construction and maintenance for utilities companies. In addition, Bibby Financial Services extended a $1.25 million credit facility to a manufacturing and wholesale company for wood energy products, selling to retailers primarily in western Canada and the United States.

Kevin Westfall, Executive Vice President, Bibby Financial Services states, “Given the Bank of Canada’s interest rate cut of .25% on October 21^st to stimulate a slowing economy and boost consumer and business confidence, it is important that companies have the finance available to grow their business now more than ever. At Bibby Financial Services, our receivables based funding lines are able to give these businesses the working capital they need to expand.” Westfall continues, “We have a proven, 200-year old successful record of assisting companies through all types of economic conditions, by providing the necessary cash flow to help them grow.”

Stewart Chesters, North American Chief Executive Officer, Bibby Financial Services, further comments, “These two facilities funded today were among many this month, as small-to-medium sized businesses look to the factoring and receivables finance industry for flexible funding solutions. Our Toronto team is performing at record levels, reflecting their reputation for outstanding client service. As credit tightens in the banking sector, we see our services being utilized by a broader base of business owners looking for working capital to continue their growth.”

Bibby Financial Services has doubled its clients and volumes in 2007 and expects similar strong growth levels in 2008. BFS has an ever expanding regional presence throughout North America with businesses in Toronto, Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, and West Palm Beach. The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients.

Notes to Editors

Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail.

Bibby Financial Services is a world wide, market leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes receivable finance, factoring, export finance, purchase order finance, and specialist solutions for the staffing and trucking sectors.

Operating via a global network of 29 autonomous operating companies in Canada, the United States, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $9 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit

www.bibbycanada.ca www.bibbyusa.com www.bibbytf.com www.bibbystaffingfinance.com www.bibbyfinancialservices.com.

For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk.