I.C. System Estables New Advisory Council to Aid its Aggressive Growth

I.C. System Inc., one of the nation?s largest and most trusted debt recovery service providers, today announced the formation of a new Advisory Council to assist and help guide the organization through substantial growth. In 2001 the company experienced revenue growth of 34%, slightly ahead of its multi-year plan to more than double its size by the end of 2004. The newly established council will play an important role in assisting the company on its long-range strategic plans, new business ventures and capital expenditures. The following individuals have been appointed by the Board of Directors to serve as Advisory Council Members for I.C. System:

— Elam Baer ? Chief Executive Officer, NewTel, Inc.

— William E. Bennett ? J.D., C.P.A., Bennett Financial and Legal Consulting.

— Gary B. Cohen ? President and Co-Founder, ACI Telecentrics, Inc.

— David F. Durenberger ? Chairman and CEO, National Institute of Health Policy, University of St. Thomas and Former United States Senator.

— Ronald L. Sorenson ? Retired Partner and Attorney, Briggs and Morgan.

?The creation of this Advisory Council has been in the works for well over a year. It is with pleasure that we announce the accomplishment of that goal? said John Erickson, I.C. System Chairman of the Board. ?Each member brings to the table an immense amount of experience, vast business savvy, and a diverse perspective that will be valuable as we build and grow our business.?

I.C. System, a privately owned company founded in 1938, is a nationwide provider of accounts receivable collection services. I.C. System performs debt recovery services for clients in numerous industries, including healthcare, retail, education, government, telecommunications, commercial, utility, and financial services. Headquartered in St. Paul, I.C. System has offices in Florida, Iowa, and North Dakota. For more information about this release or I.C. System, please call (800) 443-4123.