Kyle Bergstedt appointed as President

Universal Funding Corporation is proud to announce the naming of its new president. Kyle Bergstedt, UFC's General Counsel since 2004, has stepped up as the company's corporate leader. Former President and founder, Henry Wozow has assumed the title of Chief Executive Officer and is pleased to have Mr. Bergstedt leading the internal board of directors.

With a business degree in Finance and Economics from Eastern Washington University, Kyle is also a graduate of Gonzaga School of Law. He serves on the board of the Northeast Youth Center here in Spokane and is a member of the Washington State Bar Association. Kyle served in the U.S. Navy for seven years, is a Gonzaga basketball enthusiast, loves to play golf, and enjoys studying the American Revolution and the roots of our nation.

Universal Funding has taken a proactive approach to supplying businesses with working capital through its recent small business stimulus program. The company's factoring plans are custom designed to meet the needs of each business it funds. By providing debt-free cash within hours of invoicing, this family-owned and operated factoring firm has stepped up in the commercial finance industry, energizing SMB's in need of nontraditional funding.

Acting like a silent partner, this unique factoring company strives to infuse businesses with cash as well as experience. With a broad spectrum of experts, the family at Universal Funding has roots in all aspects of business. A few staff members are entrepreneurs; many have advanced degrees in their areas of expertise; some have been on the front lines of Fortune 500 companies. With investing, banking, accounting, marketing and legal specialists on site, the Universal family is poised to empower its clients through the economic recovery.

To learn more about accounts receivable financing call Universal Funding at 1-800-901-2418 or visit our website www.UniversalFunding.com.