Bibby Financial Services Launch in Germany

DOWNERS GROVE, Ill.--(Business Wire)--
International business finance provider Bibby Financial Services
has launched a new business in Germany as part of its' expanding
global network.

Based in Dusseldorf, Bibby Financial Services GmbH will offer
German business owners and managers funding against their customer
invoices, helping them to maintain a healthy cash flow across the
business and finance growth plans.

Germany is the latest launch in what is an impressive global
expansion strategy for the UK based Bibby Financial Services Group
which now sees them present in eleven countries globally and operating
through a network of 32 companies. The launch also complements Bibby
Financial Services' existing North American operations in Arizona,
California, Florida, Illinois, Ontario, Tennessee, and Texas.

As David Robertson, Chief Executive, explains, "Bibby Financial
Services have set ourselves a challenging growth objective and in
order to achieve this we are continually looking for opportunities to
move the business forward. We believe that Germany is an important
territory for the group and our future European expansion plans.
Germany is experiencing a positive economic cycle and growth rates
within the factoring market are impressive. It's a market which will
present Bibby Financial Services with a lot of opportunity not only in
Germany but in assisting European countries by facilitating trade
across not only Europe but globally through our ever expanding global
network."

Bibby Financial Services Germany will be headed up by Managing
Director, Jorg Freialdenhoven. He says, "As part of a 200-year-old,
family-run business which has helped small businesses around the globe
to grow, I believe we have a unique insight into the issues facing
owners and managers and can make a real difference for small and
medium sized businesses in Germany. With such a wave of
entrepreneurial spirit across the country, we are sure the German
market will be able to take advantage of our flexible funding
solutions."

To find out more about Bibby Financial Services GmbH range of
flexible finance solutions please contact Jorg Freialdenhoven Tel: +49
172 315 8077 or visit www.bibbyfinancialservices.de.

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 market-leading specialist in the
provision of a range of business cash flow solutions to small and
medium sized enterprises. Its product portfolio includes receivables
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

Copyright Business Wire 2008