Collins Financial Services? Subsidiary TxCollect Acquires New Call Center Facility

Austin, TX – Collins Financial Services, Inc., a leading provider of services to the distressed debt industry, is pleased to announce that its recovery subsidiary, TxCollect, Inc., has signed an agreement to purchase the consumer debt collection facility of Genesis Financial Solutions of Beaverton, OR.

The call center, which is located in Harker Heights, TX, will provide TxCollect an increase in floor space of 38,500 square feet. This facility will accommodate approximately 850 collection stations, as well as office and training space.

TxCollect, which is rapidly growing its contingency business, specializes in collecting consumer debt in Texas. In addition to Texas, the company also collects debt in most states.

Walt Collins, CEO of Collins Financial Services says, “This acquisition will enable Collins to continue toward its goal of becoming one of the major industry participants in the collection, resale and purchasing of distressed consumer debt.”

Kaulkin Ginsberg served as advisor to Genesis Financial Solutions and was instrumental in setting up the introduction between Genesis and Collins. ?We wanted to consolidate our operations under the corporate umbrella here in Portland,? says Charlie Burrows, Senior Vice President of Marketing at Genesis. ?Going into this, I knew we would need to work with a company with a great reputation, that would have speed of execution and the ability to find the right strategic buyer for us. We got all of that from Kaulkin Ginsberg. Connecting with Collins is a real plus. I see very synergistic strengths between our companies. The bonus is that this is a wonderful opportunity for our terrific staff in Harker Heights. We think this is a great fit for them and for Collins.?

According to Mark Russell of Kaulkin Ginsberg, “This engagement reflects our ability to help clients execute transactions quickly and confidentially. Due to the sensitive nature of this assignment, we needed to locate a suitable buyer in a very short timeframe without broadly marketing the opportunity. Through our proprietary network of industry relationships, we quickly located multiple interested parties and enabled Genesis to execute an agreement in less than two months! Both the Genesis and Collins teams were true professionals throughout this engagement, and we look forward to working with them in the future.”

About Collins Financial Services
Austin, Texas based Collins Financial Services, Inc. is a national collector, reseller and purchaser of distressed consumer debt. Since its founding in 1996, Collins has built a solid reputation as a strategic partner with the largest issuers in the country. Furthermore, CFSI?s reputation for innovation, integrity and post-sale customer service has created long-lasting relationships with collection attorneys and agencies across the nation. To learn more about Collins Financial Services, Inc. please visit our web site, www.cfsi.net.

About Genesis Financial Solutions
Genesis Financial Solutions, based in Portland, Ore., is an innovative financial services company providing consumer receivables asset management services that range from debt recovery to portfolio acquisition and scoring/valuation. Using a highly analytical approach and customer service-based recovery strategies, Genesis currently manages more than $1 billion in consumer debt receivables nationwide. For more information about Genesis, please visit our Web site at www.GFSpartners.com.

About Kaulkin Ginsberg
Since 1989 Kaulkin Ginsberg has been a provider of solutions for the debt collection, customer relationship management and other business services industries. Our strategic advisory division is the most recognized source of corporate finance services in this sector, with total transaction volume between $2-3 billion. Kaulkin Media publishes the website CollectionIndustry.comä, as well as a series of electronic newsletters including Credit & Collection Dailyä and Debt Portfolio Newsä, and is the leading source of timely information for credit and debt collection professionals. Our Kaulkin Partners division is a one-of-a-kind sales organization that seeks out the latest in technology and services for credit and collections, and makes them available through one convenient source. To learn more about Kaulkin Ginsberg please visit our website, www.kaulkin.com.