Debt Resolve Enters Benelux Region (Belgium, The Netherlands and Luxembourg)

    Follows on Successful Launch in the UK

    WHITE PLAINS, N.Y., September 26 /CNW/ - Debt Resolve, Inc. (AMEX:   DRV)
announced today that it has entered into a strategic partnership with ODC
(Online Debt Collection) Tools, a Benelux-based consulting firm. ODC Tools
will launch a campaign to promote and accelerate the adoption of the Debt
Resolve online collections product in the Benelux region (Belgium, The
Netherlands and Luxembourg), and will provide Debt Resolve with local
expertise including sales, marketing, and project management support to
service European clients.

    A recent report on the consumer credit market in the Benelux region
reveals that 'gross advances in the Benelux consumer credit market will reach
EUR 27.4 billion in 2010.' Belgian consumers have traditionally been more
conservative with their spending; however, the younger generation is more
inclined to spend, less inclined to save, and more likely to get into debt.
Conversely, consumers in Luxembourg have greater earning power than consumers
in Belgium or the Netherlands, due to a higher level of wealth in Luxembourg,
and because of this, they prefer to pay off their debts with ease.

    James D. Burchetta, Chairman and CEO of Debt Resolve stated: "This is the
ideal time for us to launch Debt Resolve in the Benelux region. We
successfully launched our product in the UK collections market earlier this
year, and are excited to reach the Benelux market as well. ODC Tools'
expertise and experience will be invaluable to the growth and expansion of our
company in this region."

    ODC Tools is a Credit Management Services & Solutions provider, offering
innovative technologies for both cost and time efficient e-billing & online
debt collection solutions. The company is led by Mr. Daniel Boelen who has
many years of credit management experience as a consultant, manager, coach and
trainer, completing numerous credit management projects successfully in both
the commercial and public sector, and the company is supported by a network of
marketing and sales professionals who are dedicated to activate their
experience and network for the company and the DebtResolve system. Mr. Boelen
commented: "ODC Tools is excited to enter into this partnership with Debt
Resolve, Inc. as the company and its unique and world wide patented online
consumer debt settlement and collection solutions offer great opportunities in
the Benelux region. We are confident that the DebtResolve solutions will
create significant added value to the current Benelux accounts receivable

    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. 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

    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

For further information:

For further information: Press: Debt Resolve, Inc. Ehmonie Hainey,
914-949-5500 x228 or Investors: 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