AllianceOne acquires TRIADvantage Credit Services

Exton, PA ? AllianceOne announces the acquisition of TRIADvantage Credit Services, Inc. (?Triad?) currently operating out of two Minneapolis, Minnesota area facilities. Triad, formed in 1990, is a premier competitor in the primary credit card receivables management market segment.

The acquisition of Triad represents a continuation of AllianceOne?s core acquisition growth strategy, which includes the identification and acquisition of companies whose expertise and/or market concentrations bring new or complementary opportunities to the company. With the acquisition of Triad, AllianceOne consolidates its position as a major competitor in the bank card receivables management segment and expects that the considerable expertise of Triad?s management team and employees will complement AllianceOne?s existing capabilities. AllianceOne is confident that this acquisition will serve to enhance its ability to deliver high quality servicing and comprehensive solutions to creditors in the credit card market.

Bob Mauch, AllianceOne Chairman and CEO, noted, ?The addition of Triad to the AllianceOne family is consistent with both our acquisition and internal growth objectives. Triad?s contribution will be accretive this year and we fully expect to enjoy the mutual benefits derived from the synergies provided by our combined business.?

?This acquisition marks the continuation of AllianceOne?s measured acquisition growth plan and will provide AllianceOne with an immediate benefit by enhancing our ability to service this important market segment?, said Terry Weikel, AllianceOne Senior Vice President of Corporate Development.

AllianceOne is a leading provider of receivables management and outsourced services to creditors in diverse markets. The Company follows a business model that balances strong organic growth with a strategic acquisition program.

AllianceOne is the 9th largest company of its kind in the United States and is a pioneer in the development and deployment of world-class international call center capabilities. With this acquisition, the Company provides its services from 16 locations throughout the United States, 5 in Canada and one in the Caribbean. The purchase of Triad is consistent with the Company?s strategic plan that focuses on developing innovative alternatives for major credit grantors.