Debt Resolve Receives Big Award

Debt Resolve, Inc. of White Plains, New York, announced today that they have been named a recipient of the ‘2006 Top 100 Technology Product Award’ by Collection Advisor – America's premier publication for collection technology.

This award will be presented to the company at the Tech ‘06 conference held this week in Las Vegas, NV.

“We are honored to receive this award and to be recognized as a technology leader,” stated Debt Resolve Chairman and CEO, James D. Burchetta. “As the leading online collections company and the only company to hold worldwide patents for online collections (issued in over 20 countries), we have shown the industry that our online technology will change and improve collections by providing a safe, convenient, secure, and easy–to–use system for delinquent debtors. Our proven model shows that when debtors are allowed to propose financial settlements that they can repay, they will settle their delinquent debt. On behalf of the company, I wish to thank Collection Advisor for this honor.”

Debt Resolve has also announced that its President and CTO, Richard G. Rosa, an expert in Internet development, will be a featured speaker at the Tech ‘06 conference to share his insights on Virtual Collections. (Mr. Rosa’s prior Internet development experience includes serving as the Director of Online Operations at 1–800–Flowers.com and as the Senior Director of Technology for Scholastic’s Software and Internet Group).

“At Debt Resolve, we have built a suite of revolutionary, patented, online products which not only provides us with a distinct competitive advantage, but also allows our clients to substantially reduce costs, contain risk, and reach and find more customers,” Mr. Rosa stated. “Results show that customers who use our system successfully settle over 50% of the time, and our clients collect in excess of 25% more than traditional collections methods. I look forward to discussing online settlements within the industry, and would also like to congratulate the Debt Resolve team on the award.”

Mr. Burchetta will accept the award on behalf of Debt Resolve at a reception and ceremony to be held on Thursday December 7, 2006 during the Tech ‘06 Conference.

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