Balluun and Merchant Factors Announce Strategic Partnership

Wed Feb 6, 2013 12:01am EST

* Reuters is not responsible for the content in this press release.

  FOSTER CITY, CA and LOS ANGELES, CA, Feb 06
(Marketwire) -- 
Balluun, the leading wholesale social commerce platform for fashion
designers and retailers worldwide, and Merchant Factors Corporation, a
leading factoring firm servicing the needs of growing businesses,
announced a strategic partnership today. They will offer factoring
services to thousands of existing and new Balluun members that want to
take their businesses to the next level. The partnership will provide
comprehensive factoring services to Balluun members with growing sales
revenue. 

    "At Balluun, we've built a solid online platform serving the needs of
thousands of innovative global brands and retailers who connect,
collaborate, and conduct business around the clock," said Peter Koch, CEO
of Balluun. "Our members use Balluun's rich functionalities to
continually grow in size and take their business to the next level.
Partnership with a reputable brand such as Merchant Factors allows us to
offer powerful transaction capabilities to our existing members, while
opening our platform to larger businesses that want to expand their
business reach."

    "We are privileged to work with such an imaginative team that shares the
same passion and drive to grow business as we do," said Adam Winters,
President and CEO of Merchant Factors. "Together with Balluun, our
mission is to enhance the success of businesses with zeal, inventive
ideas, and quality products."

    About Merchant Factors
 Merchant Factors is a specialized finance company
servicing the needs of entrepreneurial to middle market companies by
providing A/R lending, credit protection, collections, and letters of
credit among other services. Having both Los Angeles and New York City
offices provides our clients quick response times and local management
ensures the flexibility to meet a growing company's needs. Since 1985
Merchant has taken pride in servicing 1000's of fashion related clients.
For more information, visit www.merchantfactors.com.

    About Balluun 
 Based in Foster City, California, Balluun is the leading
wholesale social commerce platform for fashion designers and retailers
worldwide. Founded in 2009 by brothers Peter and Karl Koch, Balluun's
robust platform is the only software application on the market that
creates an authentic online tradeshow experience, allowing businesses to
connect, transact, and collaborate within their own private and secure
social networks. The privately funded company is growing rapidly,
currently serving over 10,000 fashion brands and retailers. For more
information and to join Balluun, visit www.balluun.com. 

    

Media Contacts
Merchant Factors
Megyn Bell
mbell@merchantfactors.com 

Balluun 
Marjaneh Ravai
marjanehr@balluun.com 

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