RapidAdvance VP Appointment

RapidAdvance Announces the Appointment of Laurie LeBoeuf As Vice-President of Operations

Bethesda, MD - June 4, 2007: RapidAdvance, a leading provider of merchant cash advance services, today announced that Laurie LeBoeuf has joined the leadership team as the company's Vice-President of Operations. LeBoeuf is a veteran of the bankcard industry, with more than twenty-five years of experience on both the acquiring and issuing side of the payments business.

Laurie joins RapidAdvance from her most recent post as Senior Vice-President of Risk and Operations for Delta Card Services, a major ISO/service provider in Houston, Texas, where she spent ten years. There, LeBoeuf led a department of 125 employees in dramatically improving the performance of the company's high-risk card portfolio. Previously, as AVP of Merchant Business for Intrust Bank in Wichita, Kansas, LeBoeuf was instrumental in establishing an MSP/ISO relationship for the bank, and was responsible for driving a variety of high-profile initiatives that were instrumental in helping them achieve profitability.

"Laurie is a true industry pro, and a stellar addition to our expanding leadership team," said Jeremy Brown, President and COO for RapidAdvance. "Her deep operational knowledge of the financial services industry will be pivotal in driving the efficiency and profitability of our offerings, and Laurie's contacts and reputation will be invaluable as we continue to elevate our company, and our operational performance."

Laurie LeBoeuf has taken an active role with various associations and committees throughout the payments ecosystem. She has worked hands-on with both Visa and MasterCard to pilot and implement rules and regulations industry-wide. Laurie has held the position of National Director of the Merchant Acquirers committee and has recently accepted the role of chairing the Risk and Fraud Committee for the Electronic Transactions Association.

"What attracted me to this company was the innovative position that RapidAdvance has staked out in the industry," said Laurie LeBoeuf. "I'm impressed with the unique processes that allow RapidAdvance to efficiently deliver much-needed financing alternatives to smaller, growing merchants, and I admire the company's approach to deliver these services with quality and integrity."