Debt Resolve Announces Pricing of Initial Public Offering

Debt Resolve, Inc. announced today the pricing of its initial public offering of 2,500,000 shares of common stock at $5.00 per share for total gross proceeds of $12,500,000. Debt Resolve’s shares will begin trading today on the American Stock Exchange (AMEX) under the symbol “DRV.” The offering is expected to close on November 6, 2006. EKN Financial Services, Inc. acted as the managing underwriter for this offering.

Debt Resolve has granted the underwriters a 45-day option to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any.

Net proceeds from the offering are expected to be approximately $10,650,000, or $12,375,000 if the underwriters exercise in full their over-allotment option, after deducting underwriting discounts and commissions and estimated offering expenses.

The shares of common stock are being issued pursuant to a registration statement on Form SB-2 which was filed with and declared effective today by the U.S. Securities and Exchange Commission. The shares of common stock are being offered only by the prospectus contained within such registration statement.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of the shares of common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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