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CONGRESSMAN SPENCER BACHUS, EX-IM BANK DIRECTOR DAN RENBERG TO SPEAK AT EXPORT FINANCING SYMPOSIUM IN BIRMINGHAM

FOR IMMEDIATE RELEASE September 6, 2001

Media Contact Name/Phone: 

Niki Shepperd (202) 565-3200

Alabama Congressman Spencer Bachus (6th District) and Dan Renberg, a board member of the Export-Import Bank of the United States (Ex-Im Bank), will speak at a 8:30 a.m. breakfast export finance symposium at the Birmingham Chamber of Commerce on Monday, September 10th. Alabama exporters, bankers and entrepreneurs will learn how to access the financing that could help them begin or expand export sales to foreign markets. Renberg will discuss how Ex-Im Bank's financing can help facilitate export opportunities in the global marketplace. The event is open to the press.

Export Finance Symposium
Monday, September 10, 2001
8:30 — Noon
Birmingham Chamber of Commerce
Chamber Conference Center - Morris Avenue Entrance
Birmingham, AL

I'm pleased to join the Export-Import Bank at this important forum. Alabama is the financial center of the state and a growing area of the country, and much of that growth is fueled by small businesses. The Export-Import Bank is available to help those small businesses compete and win in the global marketplace, said Congressman Bachus.

Ex-Im Bank is committed to supporting the exports of all businesses in Alabama. This export financing symposium is an excellent opportunity for exporters, suppliers, and lenders to learn more about the Bank's programs and export financing in today's markets, Ex-Im Bank Board Member Dan Renberg said.

The export finance symposium, presented by the International Council and the Alabama International Trade Center also will feature case studies on export transactions and bank programs and presentations on how to enter new international markets using Ex-Im Bank financing. In addition to the Birmingham Chamber of Commerce, the event is co-sponsored by the Alabama Development Office, Alabama International Trade Center — The University of Alabama, Alabama World Trade Association, North Alabama International Trade Center, U.S. Department of Commerce-Birmingham Export Assistance Center and the Small Business Administration.

In Alabama, Ex-Im Bank has supported $94.2 million of exports over the past five years. The Bank's support has benefited 36 Alabama companies, with 47 percent of the transactions assisting small businesses.

Ex-Im Bank is an independent federal agency that assists in financing the export of U.S. goods and services to developing markets around the world, through export credit insurance, loan guarantees, and direct loans. In fiscal year 2000, Ex-Im Bank helped to finance nearly $15.5 billion of U.S. exports worldwide.