Portfolio Recovery Associates Celebrates 10th Anniversary at NASDAQ Opening Ceremony

Portfolio Recovery Associates, Inc., a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, today celebrated its 10th anniversary at the opening ceremony of The NASDAQ Stock Market.

Present at the start of trading were: Portfolio Recovery Associates Chairman, President and Chief Executive Officer Steven D. Fredrickson, Chief Administrative and Financial Officer Kevin P. Stevenson, Executive Vice Presidents Craig Grube and Judy Scott, Vice President JoAnn York and Lead Board Member David Roberts. The opening ceremony took place at 9:30 a.m. EST.

“Opening the NASDAQ market was a real honor and a great opportunity to commemorate the 10th anniversary of Portfolio Recovery Associates. Although we could only have a small team present for today’s ceremony, our success over the past 10 years is the result of great teamwork and dedication on the part of our entire staff, as well as the families behind us all. As we move into our second decade, I continue to be excited about the many opportunities we see ahead,” Fredrickson said.

Portfolio Recovery Associates was founded on March 20, 1996. The Company was listed on The NASDAQ Stock Market through an Initial Public Offering on November 8, 2002.