TARRYTOWN, N.Y., June 13, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that CDS Software, the provider of the leading CollectOne™ collection solution, and Debt Resolve have entered a marketing partnership where CDS will market DR Settle™ to its clients. CDS serves many collection agency and collection law firm clients through its CollectOne platform.
David Rainey, Debt Resolve's President and CFO, stated, "I have known CDS' principals since 2007 and have enjoyed working with them on a number of business matters. We are happy to formalize our work together in this marketing partnership. CDS has a strong commitment to bringing its clients the best available technology, and we are pleased to provide a web collections portal for them."
Mike Cassella, Debt Resolve's Chief Operating Officer, stated, "We are pleased to work with a well known company in the collection industry like CDS. Our agreement with them further strengthens our initiative to partner with recognized industry players to rapidly increase adoption of Debt Resolve's different modules. CDS is an excellent partner for us."
"It's a great pleasure for us to add Debt Resolve to our stable of partners. Their commitment to providing best in class technology is second to none, and we're confident this partnership provides our mutual customers with a web collections strategy that will generate great results in their collections operations," said Jeff Hieber, Strategic Partner Manager, CDS Software.
About Debt Resolve, Inc.
Debt Resolve provides lenders, debt buyers, collection agencies, collection law firms 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 also provides web-based payment platforms for the financial and healthcare industries. 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.
About CDS
CDS Software has been an innovator in the accounts receivable management industry since 1970. Its flagship CollectOne is an award-winning, single source debt collection solution. CDS Software's clients span the globe ranging from start-up collection agencies to Fortune 100 companies and collect on a broad range of debt categories including consumer, healthcare, legal, government and commercial. For more information visit www.collectone.com.
Forward Looking Statements
Certain statements in this press release and elsewhere by 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.