Debt Resolve Signs First Major International Client



    Leading Debt Collection and Management Company in the UK

    WHITE PLAINS, N.Y., October 24 /CNW/ - Debt Resolve, Inc. (AMEX:   DRV)
announced today that it signed its first international client, a leading
top-10 debt collection and management firm based in the UK, who will integrate
the DebtResolve patent-based online system into its collection efforts. Debt
Resolve recently announced its entry into additional European markets,
including France and Belgium, The Netherlands and Luxembourg (the Benelux
region), and has plans to launch in additional countries worldwide.

    Earlier this year, Debt Resolve announced that it entered into a
strategic partnership with fasEo Ltd., a UK-based consulting firm who
successfully closed the contract, and continues to actively meet with
prospects in the UK and Europe. fasEo launched a campaign to promote and
accelerate the adoption of the Debt Resolve online collections product in the
UK and in Europe, and continues to provide Debt Resolve with local expertise,
including sales, marketing, and project management support to service UK and
European clients.

    Jan Stefanowicz, CEO of fasEo Ltd., and head of Debt Resolve's marketing
efforts in the United Kingdom stated: "We are thrilled to close our first
contract which officially introduces the Debt Resolve patented system to the
UK collections market. We are excited to see the results once the client
integrates DebtResolve into their existing collections system, and look
forward to launching this product in more companies throughout the UK and
Europe."

    James Burchetta, Co-Chairman and CEO of Debt Resolve, commented: "Our
patented online system can settle and collect debt in any language or
currency. As the global financial marketplace encourages online banking, Debt
Resolve provides a safe, secure, and easy-to-use site where a debtor can make
offers and negotiate to self-cure and pay their defaulted debt. We are excited
about this major contract and are vigorously pursuing similar contracts
throughout the UK, Europe and Asia."

    About Debt Resolve, Inc.

    Debt Resolve provides lenders, collection agencies, debt buyers and
utilities with a patent-based online bidding system for the resolution and
settlement of consumer debt and a collections and skip tracing solution that
is effective at every stage of collection and recovery. Through its
subsidiary, DRV Capital, LLC, the company is actively engaged in the purchase
and collections of distressed accounts receivable using its own collections
solutions. Through its subsidiary, First Performance Corporation, the company
is actively engaged in operating a collection agency for the benefit of its
clients, which include banks, finance companies and purchasers of distressed
accounts receivable. The stock of Debt Resolve is traded on the American Stock
Exchange. Debt Resolve is headquartered in White Plains, New York. For more
information, please visit our website at www.debtresolve.com.

    About fasEo Ltd.

    fasEo's experience has been developed through hands-on business
management, providing the insight in how best practices are deployed in many
organizations. Pragmatic and practical, fasEo does not simply offer
theoretical ideas and walk away. fasEo's focus around the customer and people
enables it to present a holistic proposition for developing a sound business
culture, with marketing and processing functions, critical to successful
execution of technical solutions - making fasEo a compelling business partner.
fasEo is headquartered in Staffordshire, UK. www.faseo.com

    Forward-Looking Statements and Disclaimer

    Certain statements in this press release and elsewhere by management of
the company that are neither reported financial results nor other historical
information are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such information includes, without
limitation, the business outlook, assessment of market conditions, anticipated
financial and operating results, strategies, future plans, contingencies and
contemplated transactions of the company. Such forward-looking statements are
not guarantees of future performance and are subject to known and unknown
risks, uncertainties and other factors which may cause or contribute to actual
results of the company's operations, or the performance or achievements of the
company, or industry results, to differ materially from those expressed or
implied by the forward-looking statements. In addition to any such risks,
uncertainties and other factors discussed elsewhere in this press release,
risks, uncertainties and other factors that could cause or contribute to
actual results differing materially from those expressed or implied by the
forward-looking statements include, but are not limited to, events or
circumstances which affect the ability of Debt Resolve to realize improvements
in operating earnings expected from the acquisition of First Performance and
the contemplated acquisition of Creditors Interchange; competitive pricing for
the company's products and services; fluctuations in demand for the company's
products or services; changes to economic growth in the United States and
international economies; government policies and regulations, including, but
not limited to those affecting the collection of consumer debt; adverse
results in current or future litigation; currency movements; and other risk
factors discussed in the company's Annual Report on Form 10-KSB for the year
ended December 31, 2006, and in other filings made from time to time with the
SEC. Debt Resolve undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
events or otherwise. Investors are advised, however, to consult any further
disclosures made on related subjects in the company's reports filed with the
SEC.




For further information:

For further information: Press: Debt Resolve, Inc. Ehmonie Hainey,
914-949-5500 x228 ehainey@debtresolve.com or Investors: BPC Financial
Marketing John Baldissera, 800-368-1217

Organization Profile

DEBT RESOLVE, INC.

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