2008-07-28 23:28:01 -

www.bibbyusa.com - Chicago headquartered Bibby Financial Services (BFS) has announced record setting first-half results for 2008 for it's North American division. BFS is a leading global provider of receivables finance and part of the Bibby Line Group, which celebrated its bicentenary last year.

Stewart Chesters, CEO of Bibby Financial Services (Holdings) Inc, states, "We have achieved nearly 30% growth rates over last year in our financed assets, and recently experienced our strongest quarter to date. It is a part of our culture to focus on flexibility and responsiveness for all of our client interactions, which has always resonated with the small business sector. Having the support of a strong and historic parent company is comforting to new clients that

want to work with a stable financial partner."

BFS has an ever expanding regional presence throughout North America with businesses in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach. Its global reach extends to 11 countries, recently opening businesses in Germany and India. In addition to Receivables based Lines of Credit and Factoring, BFS also provides Trade finance from Letters of Credit to Purchase Order finance, Export finance, and specialist teams for Freight Bill funding and Temporary Staffing businesses.

Stewart Chesters continues, "Our extensive product line assures working cash flow solutions for many types of growing businesses. With a regional structure of autonomous full service businesses, we can truly provide a local service to small businesses and pride ourselves in providing all of our clients with direct access to a decision maker. We are looking forward to an even stronger second half, as small businesses continue to see the value of our flexible services and local presence."

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, market 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 $10 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, 630-493-3106
jwills@bibbyusa.com