NCO Group Chairman and CEO Michael J. Barrist Joins CollectionsX Board

CollectionsX, the leading online exchange for the debt collections industry, announced today that Michael J. Barrist, Chairman and CEO of the NCO Group, Inc. (‘NCO’) (Nasdaq:NCOG), will join the CollectionsX Board of Directors at its Annual Meeting on March 16th. NCO is the world’s largest provider of accounts receivable management and collection services.

In a related announcement, CyberStarts, CollectionsX and NCO Group jointly announced a strategic alliance agreement in which the firms will work together to launch several new eCollections products in the coming months.

?Michael’s unparalleled level of leadership and expertise in receivables management and collections will be a tremendous resource as CollectionsX continues to grow and expand its offerings,? said Alec Smythe, CEO of CollectionsX. ?Moreover, the strategic alliance with NCO fulfills an integral piece of CollectionsX’s strategy to rapidly expand the company’s resources, product offerings, and scale.?

The alliance with NCO represents the fourth major alliance that CollectionsX has completed in the past four months. In December, CollectionsX announced a partnership with Equifax to exclusively offer XValue, a new tool to help buyers of distressed debt portfolios determine the fair value of those portfolios. In February, CollectionsX and the card processing subsidiary of First Data Corp. announced an agreement to provide access to CollectionsX services to First Data’s 1,400 card-issuing clients. In February, CollectionsX received a $6 million investment from CyberStarts, a leading technology holding company.

About NCO Group
NCO Group, Inc. is the largest provider of accounts receivable collection services in the world, employing more than 10,000 associates and annual revenue exceeding $500 million. NCO provides services to clients in the healthcare, financial services, retail, commercial, education, telecommunications, utilities and government sectors.

About CollectionsX
CollectionsX is a leading online exchange for the debt collections industry, making it easier, faster, and more convenient for collection agencies and credit grantors to interact with each other. CollectionsX utilizes advanced, custom auction capabilities to help companies buy and sell debt portfolios more easily. The company also assists creditors in placing debt portfolios for contingency collection by leveraging proprietary information, analytics and cutting edge technology. CollectionsX is based in Atlanta. For more information, visit www.CollectionsX.com.