RecoverDebt, Inc. Signs National Asset Recovery, Inc.

Atlanta, GA – RecoverDebt, Inc. (“RecoverDebt”) today announced the addition of a leading provider of collection services, National Asset Recovery, Inc. (“NAR”), to its list of collection partners. As a part of the agreement, NAR, a privately held company based in Atlanta, will be a premier service?s provider for RDC clients that outsource consumer and commercial debt for collection.

RecoverDebt has recently completed an extensive upgrade to its web-enabled receivables management and outsourcing platform. As a result, retention and strategic additions of very high quality, specialized firms is critical to sustaining and managing RecoverDebt’s growth.

According to Scott Stevenson, president and CEO of RecoverDebt, “As we continue to gain market share, it is imperative that we obtain the best and brightest with respect to our network of collection agencies. NAR achieves our goal by adding top quality results and customer service. Because NAR was created by attorneys already established in the collection space, there is even greater capacity for success. This should be exciting for our clients.”

“NAR’s historic success by virtue of its uses of high end technologies and extensive training will give RecoverDebt’s client base great comfort,” added Matthew Carlisle, Director of Operations at NAR, continuing “Recoverdebt gives us access to a client base we would not have tapped independently in many cases. Their platform also allows us greater customer communications and far more efficient administrative functionality in the areas of performance tracking, reporting and reconciliation.”

RecoverDebt, Inc., established in 1999, is a network of specialized collection agencies and attorneys. RecoverDebt, through its web enabled, receivables management software platform, enables creditors of all sizes affordable, easy to use access to these agencies and firms as well as detailed and customized on-line reporting, trend analysis, reconciliation and settlement of accounts.

National Asset Recovery, Inc. was founded by Michael Cohen and Russell Thomas, principals in the law firm of Trauner, Cohen & Thomas which for over 15 years has provided full service collection agency services to its clients. The combined alliance of the collection agency and the professional law firm has enabled NAR to be highly successful by specializing its various programs to individual creditor needs.