Vengroff, Williams & Associates, Inc. Expands Its Receivables Management Services: Adds Commercial Debt Sales via E-Debt Financial Services Inc.

E-Debt Financial Services Inc. (E-Debt), the premier on-line marketplace for buying and selling debt portfolios, and Vengroff, Williams & Associates, Inc. (VWA), one of the country?s largest commercial receivables management firms, today announced a partnership to sell billions of dollars worth of non-performing accounts at www.e-debt.com.

Vengroff, Williams & Associates, Inc. is well known as an innovator in the asset management industry. VWA will leverage E-Debt?s existing marketplace and technology to sell distressed accounts to produce even greater return on its clients? receivables. VWA will negotiate and administer these sales on behalf of its clients, producing economies of scale for the creditors and buyers. Vengroff, Williams and Associates, Inc. expects to sell $9.5 million each month, on www.e-debt.com.

(VWA?s) innovation and 39 years of experience make them the ideal partner. With hundreds of employees, 15 locations nationwide, and their own state-of-the-art information systems, VWA successfully manages over eleven billion dollars in receivables annually for their clients: Fortune 500 companies spanning the globe.

Founded in August 1999, E-Debt began trading debt at www.e-debt.com in March 2000. Transactorä, E-Debt?s interactive, private on-line bidding and negotiating engine has set it apart from competitors. With more than 1,000 registered members and over $4 billion in portfolio postings, E-Debt?s comprehensive approach has raised the standards of fairness and competitive pricing for the credit and collections industry and created a more efficient and faster sales process.

E-Debt
?E-Debt is well-established as the marketplace for consumer receivables; our buying community has been demanding a steady supply of commercial accounts as well,? said Michael Zoldan, E-Debt president and chief executive officer. ?This partnership resolves another problem in the debt trading industry ? ready access to lots of high-quality paper from leading creditors. Vengroff, Williams?s client list contains some of the finest companies in the Fortune 500.?

Mark Vengroff, President, Vengroff, Williams & associates, is always looking for ways to create value through innovative solutions: ?Our clients are extremely pleased with this new offering. E-Debt has a proven track record in on-line debt transactions. Its commitment to quality, service, and security matches our own.?

About E-Debt
E-Debt Financial Services, Inc. is the premier solution to the credit and collections industry for efficiently buying and selling debt portfolios. E-Debt leverages its market-proven technology, advanced security and personalized world-class customer service to enable banks, financial institutions, law firms and collection agencies to effectively manage their receivables. More information about E-Debt, based in Akron, Ohio, can be found by visiting www.e-debt.com.

About Vengroff, Williams & Associates Vengroff, Williams & Associates, Inc. (VWA) has been the receivables management trendsetter and leader for over 39 years. VWA?s unique insight into the radically changing receivables environment has allowed them to implement more sophisticated strategies to meet their clients? unique needs. VWA offers a myriad of services including: third party collections, credit investigations, liquidations, factoring, billing services, claims processing, joint venturing, outsourcing, medical claims subrogation and many other financial services. More information about VWA can be found at www.vwainc.com.