MOPN MOP Environmental Solutions Inc (CE)

Bibby Financial Services said it provided a $750,000 factoring facility for MOP Environmental Solutions, Inc. (www.mopenvironmental.com) (PINKSHEETS: MOPN). Located in Bath, N.H., MOP manufactures and distributes MOP Maximum Oil Pickup®, a patented material that remediates oil spills. MOP has begun to use the cash flow created from working with BFS to provide companies with environmentally safe oil sorbent products to clean up the Gulf Coast oil spill and fulfill orders both here and abroad.

"This company has had a sudden increase in business due to the scale of the oil spill," said Bob Jaskiewicz, EVP of BFS Midwest. "In order to keep up with the demand for its product, the company needed the flexibility of factoring, which supports fast-growing companies by advancing money based on accounts receivables. By using BFS, MOP doesn't have to tap into equity or tie up business or personal assets. We're proud to provide them with the financing they need to mitigate the loss of animal and plant life along the Gulf Coast."

"We are very pleased with the agreement we have entered into with Bibby Financial. It will provide us with the capital we need to meet the growing demand for MOP's Maximum Oil Pickup products," said Charles Diamond, MOP President and CEO. "Bibby Financial Services is the ideal partner to accommodate our anticipated rapid expansion and growth into both domestic and international markets."

Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized companies. With offices in 8 North American cities and 11 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of a 202-year-old privately held company based in the United Kingdom. For more information on Bibby Financial Services, visit: www.bibbyusa.com, or on Facebook at: www.facebook.com/bibbyfinancialservices.northamerica.

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Bibby Financial Services Stacy Gaylord 630/493-3133 Email Contact