Debt Resolve and Youve Got Claims to Integrate Their Web-Based Products

    Creating a Single Portal for Legal and Other Debt Collection

    WHITE PLAINS, N.Y., April 18 /CNW/ - Debt Resolve, Inc. (AMEX:   DRV), the
leading provider of patented online collection technology, announced today an
alliance with Automated Collection Control, Inc. (YouveGotClaims). The two
companies will integrate their web-based products, the DebtResolve system and
the YouveGotClaims service, to create a single administrative platform for the
management of debt portfolios sent to law firms for litigation.

    This portal will provide seamless integration, easier accessibility to
files, and an alternative channel for debt settlement and recovery. Debt
buyers and collection agencies will have the ability to designate which of
their accounts will be sent through the DebtResolve system, and collection law
firms will be able to use Debt Resolve's suite of online collection tools to
improve their recoveries.

    Companies placing the accounts slated for legal action and their
collection law firms will be able to manage their Debt Resolve accounts
through a single portal, and view their Debt Resolve results using
YouveGotClaims powerful claims tracking and management system. Complete
technical integration should be completed this summer.

    James D. Burchetta, Chairman and CEO of Debt Resolve stated: "We are
excited about this partnership and the opportunity to work with Automated
Collection Control's long-standing YouveGotClaims users. The DebtResolve
system gives collection law firms another powerful tool for collection

    Warren S. Rosenfeld, President and General Counsel of Automated
Collection Control commented: "This is a further step in the ongoing strategy
of our company to partner with value-added companies that can continue to help
us make our YouveGotClaims family of services into a one-stop shop for all of
its users. We are very impressed with the DebtResolve product, and we very
much look forward to introducing all of our clients to the services offered by
Debt Resolve."

    About Debt Resolve, Inc.

    Debt Resolve provides lenders, collection agencies, debt buyers and
utilities with a patented 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. Debt Resolve clients
are able to collect more money from more of their customers at a significantly
lower cost than other online or offline tools. The DebtResolve system was
developed by experts in the consumer credit, Internet technology and
collection industries, and its model makes the system simple to set up and
use. 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 Corp.,
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 agency also operates as a R&D platform
that intends to support the sale and usage of the company's software. The
stock of Debt Resolve is traded on the American Stock Exchange. Debt Resolve
is headquartered in White Plains, New York.

    About Automated Collection Control, Inc.

    Automated Collection Control, Inc. is privately held and is headquartered
in Montville, New Jersey, with additional offices in the Washington, D.C. and
Phoenix metropolitan areas. Its YouveGotClaims service is used by many of the
leading debt buyers, collection agencies, and law firms in the country. The
service electronically delivers new collection claims to an unlimited number
of law firms and other service providers, and then allows the senders of the
claims to track, manage and analyze both the collection portfolios and the
vendors servicing those portfolios. Approximately 200,000 new collection
claims each month are currently distributed to law firms and other service
providers over the YGC format. Approximately 5 million open and ongoing cases
are tracked and managed monthly using YouveGotClaims, with debt owners also
analyzing the productivity, activities and efficiency of the more than 400 law
firms that are currently compliant with the YouveGotClaims format, product and
service. In addition to its core YGC service, the company also has an attorney
network consulting service. Founded in 2001, more can be learned about the
company at

    Forward-Looking Statement

    This news release and other public documents and public statements of
representatives of Debt Resolve, Inc. contain forward-looking statements that
are subject to risks and uncertainties, including, but not limited to, Debt
Resolve's limited operating history, history of significant and continued
operating losses and substantial accumulated earnings deficit, difficulties
with its financial accounting controls, the failure of the market for Debt
Resolve's products to continue to develop, the inability to obtain additional
capital, the inability to protect Debt Resolve's intellectual property, the
loss of any executive officers or key personnel or consultants, competition,
changes in the regulatory landscape or the imposition of regulations that
affect Debt Resolve's products and other risks detailed from time to time in
Debt Resolve's filings with the U.S. Securities and Exchange Commission,
including Debt Resolve's recent registration statement on Form SB-2. These
risks could cause actual results to differ materially from those expressed in
any forward-looking statements made by, or on behalf of, Debt Resolve. Debt
Resolve assumes no obligation to update the information contained in this news

For further information:

For further information: Press: Debt Resolve, Inc. Ehmonie Hainey,
914-949-5500 x228 or Press: Rubenstein Public
Relations Michelle Manoff, 212-843-8051 or Investor:
BPC Financial Marketing John Baldissera, 800-368-1217

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890