For Immediate Release
January 27, 2004

CONTACT:   
Cheryl Rau, Program Manager (207) 541-7455, rau@mitc.com
Janine Bisaillon-Cary, Vice President (207) 541-7412, jbcary@mitc.com

Know Your Trading Partners -  Due Diligence and Export Credit Insurance

PORTLAND, ME - The Maine International Trade Center (MITC) is offering a new seminar for Maine businesses interested in learning strategies to reduce international trade and receivables risks.  The seminar entitled "Due Diligence and Insuring Receivables" will be held on Thursday, February 26th, from 1:00 to 4:30 p.m. in Lewiston.

Two financial deterrents to selling overseas are the time it takes to collect from distant customers and the risk of nonpayment.  This seminar covers methods and resources for due diligence investigations, as well as export credit insurance policy/coverage options.  Featured speakers at the program are Bennet Schwartz from Banknorth, John Lavelle from Export-Import Bank of the US, and George Babeu from Seafax.

The program  is part of the Lee Auto Malls International Program Series  and will be held at the Lewiston City Hall, 27 Pine Street, in Lewiston.  Cost to attend is $30 for MITC members and $60 for non-members.  Maine State legislators may attend at no charge.

For more information and to register, please contact Cheryl Rau at (207) 541-7455 (email: rau@mitc.com) or visit the website:  http://www.mitc.com.

Maine International Trade Center is a dues-based membership organization, with offices in Portland, Lewiston and Bangor, providing international trade development assistance to Maine businesses through individual counseling, an ongoing educational seminar series, and coordinated trade missions.

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Maine International Trade Center                  511 Congress Street, Portland, ME 04101