2008-04-08 23:55:44 -

www.bibbyusa.com - Bibby Financial Services announces the official grand opening of its new office in Phoenix, AZ. The new office incorporates client service staff in addition to the sales presence Bibby has maintained in Phoenix for almost four years, while complementing their main western regional center, Bibby Financial Services (CA), Inc based in Los Angeles.

The

business took on a portfolio of Arizona clients in an acquisition last year of a 26-year old Phoenix based company, Capital Financial Services. The Phoenix team will continue to focus on the provision of factoring solutions to small and medium-sized businesses in Arizona and the West. The expansion joins the list of Bibby Financial Service's existing operations in Florida, Illinois, Ontario, Tennessee and Texas. 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.

Ian Varley, Bibby California's CEO, states, "The new expanded team in Phoenix allows us to provide comprehensive sales and client service from a local vantage point. This should be a great benefit to our south-western clients." Located in the midtown district of Phoenix, the new office allows for easy access to all parts of Phoenix and the surrounding area. The business was kicked off with a launch event held on March 11, 2008, and was attended by local area clients, employees, referral sources, and many of Phoenix's local business leaders. -0- Contact information for the BFS Phoenix Office: Duncan MacLean, VP Sales Office: 602-212-6200 Direct: 602-212-6202 Fax: 866-854-1483 eMail: dmaclean@bibbyusa.com

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, marketing 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 the United States, Canada, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit www.bibbyusa.com, www.bibbycanada.ca, www.bibbytf.com, www.bibbystaffingfinance.com, www.bibbyfinancialservices.com.

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

Bibby Financial Services
Jennie Wills
Tel: 630 493 3106
Email: jwills@bibbyusa.com
www.bibbyusa.com