Debt Resolve Plans European Expansion in France

    Country's High-Tech Banking System a Major Draw

    WHITE PLAINS, N.Y., October 9 /CNW/ - Debt Resolve, Inc. (AMEX:   DRV)
announced plans today to introduce its online products collection to the
French market. The company will be working with the assistance of Invest in
France Agency North America for active support and assistance regarding
location surveys, legal and tax advice, governmental regulations, at every
stage of the launch process.

    France is the world's fifth largest economy and falls directly behind the
U.K. in credit card volume, credit card spending and consumer debt. Total
credit card volume in France is approximately $350 billion, and current
consumer debt estimates are approximately EUR 1.2 trillion (approximately
$1.56 trillion), or EUR 19,000 (approximately $24,750 per person). Recent
studies have shown that 'household personal finances have not deteriorated to
the extent of those in the UK', however pressure is mounting to initiate
actions to fight against the rapid rise in consumer debt.

    James Burchetta, CEO, Debt Resolve Inc. commented: "France is the second
largest credit country in Europe after the UK. France has a sophisticated and
mature banking system which values technology as a way of improving
performance and reducing costs. Debt Resolve's internet products are ideally
suited to this market."

    The French operations will be headed by Phillip Walker and Frank Pocock.
Mr. Walker is joint founding partner and Director of fasEo Ltd., a UK-based
consulting firm headed by credit and collections industry leaders. Mr. Walker
has nearly 30 years of experience in the banking and financial industries and
is fluent in French. Mr. Pocock, also of fasEo Ltd., is Sales Director for
Debt Resolve in the United Kingdom, at and will assist Mr. Walker with Debt
Resolve's product launch in France.

    Sylvie Giret, East Coast Vice President of Invest in France Agency North
America stated: "France is attracting a growing number of foreign companies
with its tech-savvy banking and financial sectors. As a result, we are
focusing more and more on finding the best business solutions for companies in
these sectors, and we are delighted to count Debt Resolve among them."

    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

    About Invest in French Agency (IFA)

    Invest in France Agency (IFA) promotes and facilitates international
investment in France. The IFA network operates worldwide, with offices in
France, as well as in North America, Asia and Europe. IFA works in partnership
with regional development agencies to offer international investors business
opportunities and customized services all over France. For more information,
please visit

    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: Ehmonie Hainey, 914-949-5500 x228 Debt
Resolve, Inc. or Investor John Baldissera,
800-368-1217 BPC Financial Marketing

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