BlueTarp Financial Selects eCredit to Drive Credit Management

01/04/06
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eCredit, a leading provider of online solutions for credit and collections professionals, today announced that BlueTarp Financial, a provider of commercial trade credit services to more than 250 building material dealers and 7,500 contractors in the United States, has selected eCredit Enterprise Edition to handle its new account processing.

Trade credit services provider for building materials industry to power new account processing with eCredit

Dedham, MA and Charlotte, NC - January 4, 2006 - eCredit, a leading provider of online solutions for credit and collections professionals, today announced that BlueTarp Financial, a provider of commercial trade credit services to more than 250 building material dealers and 7,500 contractors in the United States, has selected eCredit Enterprise Edition to handle its new account processing. eCredit will replace an outsourced solution, and the implementation will be a key step in BlueTarp's mission of providing best-in-class financial services to its customers.

eCredit Enterprise Edition will allow BlueTarp to better manage its rapidly growing business by enabling on the spot, automatic credit checks when contractors sign up for BlueTarp's financial services. eCredit will apply a custom new application scoring model developed by PredictiveMetrics by automatically pulling Experian's BIS information and issue a credit decision directly to a dealer location while the contractor is on site. In addition, BlueTarp will implement Net30Score™, a powerful statistical-based credit scoring model, from PredictiveMetrics, through the eCredit platform, for credit line management and the development of optimal collection strategies.

"We are a rapidly growing business and as our network of dealers and contractors expands, eCredit will support us in providing a superior level of service," said Lou Collins, CFO, BlueTarp Financial. "We expect to gain significant benefits, including increased operational efficiencies and lower overall risk, from the implementation of this powerful credit management platform."

"The combination of eCredit's platform with PredictiveMetrics' Net30Score™ and custom new account credit scores creates a highly advanced decision support system for BlueTarp that will prove to be very effective in increasing approval efficiency while managing DSO and write-offs, as well as improving credit and collection decision accuracy," said Michael Banasiak, President, PredictiveMetrics.

"As a provider of financial and payment solutions, BlueTarp will benefit greatly from eCredit's extensive experience helping companies with similar business models achieve their goals," said Jeff Dickerson, eCredit President and CEO. "eCredit's market-leading credit management solution is certain to act as a key driver as BlueTarp continues to deliver superior trade credit services to the building supply industry."

About eCredit
eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software family -- Personal Edition, Professional Edition, and Enterprise Edition -- supports the mission critical processes of granting credit, monitoring portfolio risk, resolving disputes and collecting accounts receivables. Within the Transportation industry, eCredit's solutions also include credit reports with over 35 million trade experiences on over 7 million unique companies. With deep roots in the credit and collections community, eCredit has over a decade of experience helping companies reduce bad debt and DSO while improving productivity, lowering costs and demonstrating results. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Continental Airlines, Con-Way Transportation Services, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.

About BlueTarp Financial Inc.
BlueTarp Financial, headquartered in Charlotte, NC, and with operations in Portland, ME, today provides commercial trade credit services to more than 250 building materials dealers and 7,500 contractors across the United States. By partnering with BlueTarp to manage a portion or all of their account receivables, building material dealers benefit from improved profitability, increased cash flow, streamlined back office operations, reduced credit risk and enhanced customer service. In turn, the dealer's contractors also benefit by receiving a credit product that provides them detailed invoice information online, the ability to track purchases by job and a means to download job cost details directly into their accounting system. And BlueTarp Rewards rewards contractors to make purchases at participating dealers by providing points with every purchase. These points can be redeemed for a variety of rewards, including sports, adventure and travel packages, frequent flier miles, gift certificates and cards, and brand-name merchandise.

About PredictiveMetrics
PredictiveMetrics (PMI) turns probabilities into profits by helping customers improve credit and collection department productivity, reduce DSO and bad debt write-offs, and optimize collection effectiveness. PMI, established in 1995, is the leader in providing predictive scoring and knowledge-based decision support systems for credit granting, accounts receivable portfolio management, collection prioritization, debt recovery and debt buying. The technical staff is comprised of Ph.D. and masters level econometricians and statisticians that have extensive experience developing statistical-based decision support solutions utilizing PMI's proprietary software and state-of-the-art hardware. The combination of PMI's analytical staff and its internal systems, specifically designed to achieve maximum results in the shortest possible time, provides customers with sophisticated, yet easy to implement, profitable solutions at a reasonable cost. Major clients include several divisions of GE Capital, Florida Power & Light, De Lage Landen, Wright Express, West Asset Management, NCC Commonwealth, OSI Portfolio Services, and Rent.com. PMI is a privately held corporation headquartered in Tinton Falls, NJ. For more information, please visit www.predictivemetrics.com or call 732-530-9303.

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Contact:
Janine Rogers
BlueTarp Financial
(704) 543-4655 x222
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