ExWorks Capital Secures Funds to Finance Exporters

ExWorks Capital reported that it has raised an additional$50 million USD in capital (with an option to expand to$80 million USD) with the goal of establishing a billion dollar export finance company using support from US EX-IM Bank, the Private Export Funding Corp. (PEFCO) and other financial institutions.

In a releasem, ExWorks Capital noted that PEFCO's shareowners include commercial banks involved in financing U.S. exports, industrial companies, and financial services companies.

"The fastest way to grow our GDP and erase the trade deficit is to support American companies that want to increase their customer base abroad," said John McAdams, CEO of ExWorks Capital and newly- appointed PEFCO Board Member. "Every time we make an investment, we are helping entrepreneurs and small business owners live the American Dream."

The Private Export Funding Corp. (PEFCO) is principally engaged in funding U.S. dollar loans to foreign importers to finance purchases of U.S. goods and services

ExWorks Capital is a specialty finance company that offers export financing solutions to U.S. exporters and qualified international buyers using EX-IM Bank loan guarantees and insurance, private insurance, letters of credit, etc.

The Export-Import Bank of the United States is the official export credit agency ofthe United States.

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