DiversiCorp again offers support to spur secured lending and trade supplier stocking programs

For Immediate Release

OAKBROOK TERRACE, IL/EWORLDWIRE/Feb. 2, 2010 --- DiversiCorp LLC (DiversiCorp), originally founded as Texas-based DiversiCorp Inc. in 1985 and the subject of numerous media and news pieces during the 1990s' saving and loan crisis, announces its re-start and relocation to the western suburbs of Chicago, serving the domestic and international needs of middle market borrowers and their creditors including:

- Bank, finance companies
- Specialty lenders
- Trade suppliers / exporters to the U.S. that utilize vendor managed inventory, consignments, paid-as-sold stocking programs and credit on higher-value durable goods

"In spite of federal efforts to inject significant capital into the financial system, small and midsize commercial banks are moving so far away from risk that they have become tone-deaf to the needs of smaller businesses and their need to finance increases in inventory," stated Jim Mayer, DiversiCorp's managing member.

"Independent finance companies, more willing to lend, have fallen victim to their own requirements for new equity and suffered more restrictions by their lenders that affect advance rates they offer smaller borrowers," added Mayer. "Floor planning has largely dried up, and factors will generally not lend on inventory.

"Third-parties such as DiversiCorp can lessen risks of traditional asset-based lending, while developing alternative forms of trade financing, so DiversiCorp is positioning itself to support financing to the various supply chains."

Joseph Turek, managing partner and CEO of M-Wave International LLC, said, "Sophisticated equipment, systems, and controls mean nothing when credit disruptions occur between creditors and a growing, transitional or troubled customer. DiversiCorp breaks that logjam with time-tested processes."

About DiversiCorp LLC

DiversiCorp LLC is a specialized consulting and asset management firm based in the greater Chicago area that monitors, controls and advises secured lenders like banks, finance companies and specialty lenders with collateral servicing that preserves and protects the integrity of the collateral. Agreements between DiversiCorp and lenders or suppliers' customers take form as a bailor (owner of assets) and bailee (caretaker of assets) relationship, with documentation to support the basis of a creditor's security interest in its collateral.

DiversiCorp has served over 180 creditors and managed more than $1.5 Billion of collateral turnover involving more than 280 small to midsize companies and creditors of all sizes since its founding, and financial regulators. Through partnership with firms it has worked with, competed against or co-marketed with during the past 20 years, the company extended into the Euro Zone, crossing international borders and laws.

Numerous media have covered the company including the Wall Street Journal, CFO Magazine, American Banker, Turnarounds and Workouts, International Business and Entrepreneur Magazine.

DiversiCorp also provides third-party management of trade supplier durable goods that are the basis of controlled consignments, vendor managed inventory, paid-as-sold stocking arrangements, and field-warehouse/bailment-type programs. For further information, contact Jim Mayer at JMayer@DiversiCorpLLC.com.

About M-Wave International LLC

Originally founded in 1988 as a printed circuit board and assembly production firm, and publicly traded, M-Wave became a private supply chain and procurement services firm in January 2009. It is largely engaged in assisting original equipment and contract manufacturers with innovative procurement and stocking programs linking Asian production with U.S. final assembly, test services and third-party logistics for its U.S. customers. M-Wave is based in Itasca, Ill. For further information, contact Joseph Turek at jturek@mwav.com.

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CONTACT:
Jim Mayer
DiversiCorp, LLC
450 Renaissance Blvd
Oakbook Terrace, IL 60181
PHONE. 8008967620
FAX. 6309299755
EMAIL: JMayer@DiversiCorpLLC.com

SOURCE: DiversiCorp LLC