Boynton Beach, Fl., May 3, 2007-Peach Holdings, Inc. ("Peachtree") announces the appointment of Pradip Raval as Vice President and Chief Financial Officer effective April 11, 2007. Mr. Raval joins Peachtree from GE Capital where he held several senior financial positions over the past 9 years, including: Global Controller of GE Capital's Commercial Equipment Finance business; Senior Vice President of Structured Products; and Senior Vice President of Accounting Services. He also earned his Six Sigma Black Belt process certification while at GE. Prior to joining GE Capital, Mr. Raval worked with Citibank Universal Card Services (formerly AT&T Universal Card Services) as Vice President and Controller of their consumer finance business and at AT&T Capital. He began his professional career as a UK Chartered Accountant in London and New York and later as a Certified Public Accountant with Coopers & Lybrand in the US.
Commenting on the appointment, Tim Trankina, Peachtree's President said: "I am very pleased that Pradip has joined Peachtree as CFO. Peachtree, which celebrated its tenth anniversary last fall, is moving into the next phase of its development and the experiencePradip brings will complement and broaden our capabilities for the challenges and opportunities ahead."
Pradip Raval said: "I welcome the opportunity to join Peachtree at such a dynamic point in the Company's evolution and look forward to working with the entire Peachtree team as we continue to create value for our shareholders."
About Peachtree Settlement Funding
Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and sports contract payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information contact Dori Erann at (866) 730-4418. Peachtree’s corporate website address is www.peachholdings.com.
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