TARRYTOWN, N.Y., April 6, 2010 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company"), provider of the patented DebtResolve® debt collection and resolution software to major banks and other businesses with large consumer debt portfolios, has added the largest Hispanic retailer in the United States to its growing customer base, highlighting its ability to collect debt in any language and the speed and ease of implementation.
The retailer ranks among the top 50 electronics and appliance retailers in the U.S., successfully providing credit to the Hispanic community for over 25 years, issuing over 1 million credit accounts to primarily Spanish-speaking first-generation customers. The DebtResolve® system "is a consumer-focused and dignified way to help these customers resolve credit issues and begin to rebuild their credit," stated a company representative.
The client's Director of Collections stated, "Our experience with Debt Resolve has been excellent. A major goal of the company was adding a non-intrusive method of contacting delinquent customers and resolving credit issues. We embrace our customers and want them to feel like part of the family. We want to reach out to them with empathy and a solution that can help them. Debt Resolve was able to exceed our expectations, launching our online solution in only four business days! The solution gives those customers the choice to negotiate and/or to cure their account independently and with respect."
"We are proud to be the web-based collection solution for this well-respected and fast-growing national brand," said David Rainey, President of Debt Resolve. "We have demonstrated again our ability to rapidly implement our clients. We will be adding a text message-based capability for the DebtResolve® system for this new client."
The DebtResolve® system has been translated into Dutch, Hebrew and now Cantonese for the Hong Kong market in addition to English and Spanish. With short notice, we can settle accounts 24 hours a day in any country, any language and any currency in the world.
About Debt Resolve, Inc.
Debt Resolve provides lenders, collection agencies, debt buyers and hospitals with a patent-based online bidding system for the resolution and settlement of consumer debt and 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. Amended Quarterly Reports on Form 10-Q for the periods ended June 30, 2008 and September 30, 2008 will be filed to correct an erroneous accounting of common stock issuances, as further discussed in the Form 8-K dated August 14, 2009. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.
Forward Looking Statements
Certain statements in this press release and elsewhere by the management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0