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Hennessey Capital’s Mike Semanco to Discuss Cash Flow and Working Capital at Revenue North Business Summit

Rochester, Mich., May 7, 2013 – Mike Semanco, president and COO of Hitachi Capital America’s Hennessey Capital division, will present “Cash is King: How to Manage Cash Flow and Increase Working Capital to Support Business Growth” at the Revenue North Business Summit on Thursday, May 21 at the Sheraton Detroit Novi hotel.

During the presentation, Semanco will discuss improving cash flow through increasing profitability and working capital management techniques.

“Working capital has a significant impact on a company’s well-being. When managed properly, it can support a thriving and successful business,” states Semanco. “Companies must look deeper into their sales margins, overhead and operational costs, along with proper management of accounts receivable and inventory, in order to speed up their cash flow cycle to increase profitability.”

The Detroit Revenue North Business Summit is expected to be the area’s largest business conference. More than 70 experts from around metro Detroit will present 72 breakout sessions on sales, marketing, customer retention, access to capital, and acquiring A+ talent.

For more information about Mike Semanco, visit hennesseycap.com/blog/michael-a-semanco/

For more information about the conference or to register, visit revenuenorth.com.

About Hennessey Capital
Hennessey Capital provides revolving lines of credit secured by A/R, as well as inventory and equipment, along with factoring of accounts receivable for small- and middle-market companies across the United States. Facilities range from initial invoicing to $5 million and beyond and are used as primary loan facilities, for restructuring current debt, and funding seasonal or incremental sales growth.

Learn more at www.hennesseycap.com or by calling (248) 658-1100.

About Hitachi Capital America Corp.
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States and Canada. Hitachi Capital America offers a variety of asset-based financing solutions with a business focus on truck, vendor, trade, and medical equipment finance, as well as lease discounting and software financing.

Learn more at www.hitachicapitalamerica.com.