Executive Change: Robert A. Russo to Runci Group, LLC

Runci Group, LLC, a leading provider of advisory, brokerage and portfolio management solutions announced today that Robert A. Russo, formerly with Crown Asset Management, has joined the firm as Partner and Senior Vice President. Mr. Russo is an industry veteran with over 25 years of experience in credit, collections, debt purchasing and litigation management.

Mr. Russo has assumed direct responsibility for corporate development relating to the Company’s strategic growth and long term expansion plans. Mr. Russo will also advance the firm’s inventory management and analytic capabilities, while building a scalable national litigation management platform suitable for today’s difficult economy.

Runci Group Founder and President, Christopher Runci said, "Bob’s commitment to the industry and his proven ability to build technologically advanced liquidation strategies to meet the demands of the business is exactly what we were searching for and we are pleased that he has joined the firm. We believe that Bob’s extensive knowledge-base will help Runci Group expedite its vision to become a leading provider of portfolio management, brokerage and advisory solutions for debt purchasers, sellers and creditors.”

Mr. Russo commented: “I am excited to have an opportunity to work with Chris and his team and moreover, to contribute at a high-level to help Runci Group meet its strategic objectives. Chris understands the debt purchasing business having been a senior executive with many respected companies within the industry prior to forming Runci Group. As part of senior management, I believe I will be able to leverage my professional experiences to help the Company execute its growth strategies and achieve its operational and financial objectives.”

In these difficult economic times, Runci Group’s expertise and knowledge of the market, coupled with strong industry contacts within the debt purchasing, finance, collections and litigation industry should make Runci a serious consideration for both buyers and sellers considering secondary market transaction and management assistance.

About Runci Group, LLC
Runci Group provides advisory, brokerage and portfolio management services for buyers and sellers of distressed receivables throughout North America. The firm specializes in implementing end-to-end sales solutions, full portfolio administration and performance management. Since its inception in 2005, Runci Group has advised clients in sales transactions involving more than 7 million non-performing and charged-off accounts and presently manages more than 5 million accounts through its international agency and attorney network platforms.

Robert Russo can be reached at rarusso@runcigroup.com or at (860) 388-6708.
For additional information, the company can be contacted at (401) 398-7899 or by visiting its website at www.RunciGroup.com.