Brown & Joseph and the National Association of Wholesaler-Distributors (NAW) launch cash advantage program

September 13, 2010

Press Release

Rolling Meadows, IL, September 13, 2010 - Brown & Joseph (B&J) announced today that it has entered into a strategic partnership with the National Association of Wholesaler-Distributors (NAW) to offer a suite of customizable accounts receivable management solutions, to its 32,000 industry member companies.

Chris Cappuccilli, CEO, Brown & Joseph states, "We are honored to be chosen by NAW as its affinity partner in the credit and accounts receivable space for its members. NAW's membership base represents a significant portion of all commercial open accounts sold on credit in the US. We've worked closely with NAW to develop a value driven approach for its members which will protect their profitability."

Brown & Joseph and their long term industry partner, Management Services & Associates (MSA), will provide unique services to help firms in the wholesale distribution industry more effectively and efficiently manage their credit and collections functions.

"We believe that Brown & Joseph and MSA have the industry expertise, financial experience and commitment to make this new relationship a powerful receivables management tool for wholesaler-distributors," said Dirk Van Dongen, President, NAW. "Typically, a wholsale-distributors has up to 40% of its assets in receivables, so this is a strategically critical area of management concern, especially in the current economic climate," said Van Dongen. NAW encompasses over 32,000 firms, representing virtually all products that move to market through wholesaler-distributors. Sales of US wholesaler-distributors were $3.8 trillion in 2009.

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About the National Association of Wholesaler-Distributors:

The National Association of Wholesaler-Distributors is a Washington, DC - based trade association that represents the wholesale distribution industry. NAW is active in government relations and political action; research and education; and group affinity programs. In addition to NAW, the association operates the Wholesaler-Distributor Political Action Committee, the NAW Institute for Distribution Excellence and the NAW Service Corporation. For more information, visit http://www.naw.org