Debt Resolve Announces Signing of First Two Clients on Its New DR Collect System

TARRYTOWN, N.Y. — Debt Resolve, Inc. (OTCBB: DRSV) the provider of the proprietary DebtResolve® software to major banks and other businesses which own or service consumer debt portfolios, today announced the signing of its first two clients for DR Collect™. DR Collect was recently launched on October 26, 2010. A collection law firm has already been placed on the system, and a collection agency has just executed its contract. The collection law firm has major bank and financial services clients.

DR Collect, specifically targeted to the collection agency and collection law firm market, allows an agency or law firm to implement a patented online collection channel in a matter of days. In order to further promote adoption of the DR Collect platform, the Company has implemented a new pricing schedule for the agency and law firm market that is simple and cost effective. Agencies and law firms can sign up online and will soon be able to pay for this new service on the Debt Resolve website. A demonstration is available on the Company’s website or by calling Sales at (914) 949-5500, option 3.

About Debt Resolve, Inc.
Debt Resolve provides lenders, collection agencies, collection law firms, debt buyers and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery.  The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSV. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.