AllianceOne Acquires Pacific Coast Collections

EXTON, PA ? AllianceOne announces the acquisition of Pacific Coast Collections Inc., (PCC) located in San Diego, California. PCC was founded in 1974 by Bernard Fettner and during the intervening period has built an excellent reputation servicing clients primarily in the bankcard, finance and healthcare segments.

AllianceOne considers the acquisition of PCC fully consistent with the Company?s core growth strategy, which includes the identification and acquisition of companies whose expertise and/or market concentrations bring new or complementary opportunities to AllianceOne. For several years, PCC has developed a specialized expertise servicing later stage receivables. This diversity enhances AllianceOne?s ability to deliver a more comprehensive solution to creditors across a broader range of product offerings.

Bob Mauch, AllianceOne Chairman and CEO, noted, ?the addition of PCC to the AllianceOne family is consistent with both our acquisition and growth objectives. PCC?s contribution should be accretive this year and we fully expect to enjoy the mutual benefits derived from the synergies provided by our combined business?.

?This acquisition marks the continuation of AllianceOne?s measured acquisition growth plan. We are pleased to have acquired such a well managed company, and one that offers such an excellent fit with AllianceOne?, said Terry Weikel, AllianceOne Senior Vice President of Corporate Development.

AllianceOne is a leading provider of receivables management and outsourced services to creditors in diverse markets. The Company follows a business model that balances strong organic growth with a strategic acquisition program.

AllianceOne is the 9th largest company of its kind in the United States and is a pioneer in the development and deployment of world-class international call center capabilities. The Company provides its services from 14 United States, 5 Canadian and one Caribbean location. The purchase of PCC is consistent with the Company?s strategic plan that focuses on developing innovative alternatives for major credit grantors.