FOR IMMEDIATE RELEASE
Public Relations Contacts:
Linden Alschuler & Kaplan, Inc.
Suzanne Dawson
212-329-1420
MATTHEW BEGLEY PROMOTED TO CHIEF OPERATING OFFICER OF
FIRST CAPITAL FINANCIAL SERVICES, ASIA, LIMITED
West Palm Beach, Fla., December 29, 2006 - First Capital, a leading financial services firm, announced today that Matthew R. Begley has been promoted to Chief Operating Officer of First Capital Financial Services, Asia, Limited, First Capital’s Hong Kong subsidiary. In his new position he will be transferring to the Financial Services Division and will be in charge of coordinating communication with funding partners and sources relating to Asian operations and domestic asset-based loan transactions that are funded by the Financial Services Division.
Mr. Begley was previously Senior Vice President, Western Region Asset-Based Lending Manager at First Capital. Prior to joining the firm, Mr. Begley was a Senior Vice President and manager of the Los Angeles office of Capital Business Credit, Inc., a division of Capital Factors, Inc., overseeing all aspects of a middle market asset-based lending portfolio. He has experience in asset-based lending, factoring, equipment finance and several types of warrant backed debt products.
“We are very excited by this announcement because it represents a major milestone in both Matt's career as well as in the expansion of First Capital's business lines and resources,” said Mark Sunshine, COO and CFO, First Capital.
Mr. Begley has a BA in Political Science from Cal Poly San Luis Obispo and a MBA from Pepperdine University.
About First Capital
First Capital is a leading financial services firm providing prompt, professional and reliable working capital solutions for middle market companies and institutions. Founded in 1987, the firm focuses on Traditional Factoring, Asset-Based Lending and Discount Factoring for clients in North America and Asia with financing needs from $35,000 to $250 million. The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities. Combining a unique blend of old and new banking methods, First Capital provides clients with the proper support needed to grow and maintain their business. Based out of West Palm Beach, Florida, the firm has six full service offices in major cities including New York, Los Angeles, Ft. Lauderdale, Oklahoma City and Atlanta and a subsidiary that is headquartered in Hong Kong.
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