NCO Group's Board Forms Special Committee and Retains Advisors

NCO Group, Inc., a leading provider of business process outsourcing services, announced today that its Board of Directors has formed a Special Committee of independent directors in connection with the previously announced proposal received by the Board of Directors on May 15, 2006 from Michael J. Barrist, Chairman and Chief Executive Officer of the Company, to acquire all of the outstanding shares of the Company for $27.50 per share in cash.

The Special Committee of independent directors has been authorized to consider the proposal, as well as any other proposed transactions to acquire all or a substantial portion of the Company’s stock or assets that may hereafter arise. The Special Committee has retained Credit Suisse Securities (USA) LLC as its financial advisor and Bass, Berry & Sims PLC as its legal counsel. Blank Rome LLP will represent the Company. There can be no assurance that any agreement will be executed or that any transaction will be approved or consummated.