FOR IMMEDIATE RELEASE
SAN DIEGO, California -- November 22, 2004 -- Edgeware Analytics, Inc., a leading developer of scoring technologies, and Business Loan Express, LLC (BLX), today announced an agreement to jointly develop an automated management evaluation technology for business loan decision making. BLX is one of the nation's top small business lenders. "By partnering with BLX, a national leader in small business lending, we will evidence the unique value of our management assessment," said Mike Rozman, SVP of Edgeware Analytics. "We are thrilled to join forces with BLX in validating our unique scoring system."
About Edgeware Analytics, Inc.
Headquartered in San Diego, California, Edgeware Analytics, Inc. develops advanced statistical, risk management, and organizational psychology techniques to evaluate the effectiveness of for-profit organizations. Edgeware Analytics' patent-pending Organization Score technology allows Edgeware Analytics to measure effectiveness with respect to predictive parameters such as creditworthiness, ability to continue operations as a going concern, and investment suitability.
About Business Loan Express
Business Loan Express, LLC (BLX), is one of the country's largest non-bank small business and commercial lenders. BLX services a portfolio in excess of 3,500 loans totaling over $2.5 billion. BLX loan programs are specially designed for borrowers with financing needs up to $4,000,000. Borrowers may use BLX loan proceeds for a variety of business and commercial purposes, ranging from real estate acquisition and refinance to working capital. Loan products include conventional business and commercial loans, as well as government guaranteed Small Business Administration (SBA) loans. BLX is a licensed participant in the SBA's 7(a) guaranteed loan program and is a nationwide SBA Preferred lender. BLX is also a leading lender under the SBA's 504 and Express programs.