Beijing, China (April 22, 2015) Tim Bridgewater, Senior Advisor to ExWorks Capital and Chairman/Founder of Interlink Capital Strategies (one of ExWorks Capital’s largest shareholders), was well received at the Soft Loan Conference in Beijing China. The conference addressed the use of foreign capital to modernize China’s vocational education system. Over 90 delegates attended from all of the Chinese provinces, autonomous regions, and municipalities under central government control. Green Eco and the conference sponsors invited ExWorks Capital to participate because of its current role in a number of transactions to finance U.S. equipment and technology into a number of sectors, including vocational education.
As an approved Exporter of Record under the China/U.S. ExIm Bank Framework Agreement, ExWorks Capital is actively participating in this multi-billion dollar export program established between China Export-Import Bank and the U.S. government to encourage the import of U.S. goods and services. ExWorks Capital is currently working with Green Eco, which represents the Chinese government in trying to increase the use of vocational technologies sourced from abroad.
Mr. Bridgewater has traveled and worked extensively in China and has just spent the past year living in Shanghai assisting with a number of transactions and sourcing new opportunities. Alan Beard, who heads up ExWorks Capital’s efforts in China stated, “China is playing an increased role in our rapidly expanding portfolio of transactions. As both a lender and a trading company, we have a unique role we can play in this important program. Right now ExWorks Capital is acting as Exporter of Record on six Chinese opportunities with a value of over $100 million and we expect to continue to see these numbers grow.”
ExWorks Capital is a joint venture between Interlink Capital Strategies, a 20 year old, Washington, DC-based, financial consulting firm focused on frontier and emerging markets, and RedRidge Finance Group, an asset-based lender and financial services company based in Chicago. Under the leadership of John McAdams, formerly the Chief Operating Officer and Vice Chairman of ExIm Bank, ExWorks Capital has assembled a seasoned team of executives dedicated to the financing of U.S. exports. Uniquely, ExWorks Capital can act as an export trading company, thereby converting an overseas sale into a domestic sale by buying the goods ex works from the U.S. business, handling the logistics and providing whatever terms are appropriate to the overseas buyer to facilitate the sale. ExWorks Capital is also a traditional lender, providing export working capital to U.S. businesses and/or financing to overseas buyers for the purposes of purchasing the U.S. produced goods and services.
Green Eco is a Chinese partner of ExWorks Capital. Directors of Green Eco have a long history of working with the Chinese Central Government to use foreign capital from a number of countries to modernize China’s vocational education system. Together with ExWorks Capital, Green Eco is addressing the financing needs of the vocational education market for U.S. goods.