TARRYTOWN, N.Y., July 28, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that Urban Cable LLC, a leading provider of receivables management services to the cable industry based in Gary, IN, has chosen the DR Prevent Solution as its web collections solution. Urban Cable will use both a consumer web solution and a face-to-face solution at the consumer's door.
Michael Cassella, Debt Resolve's Chief Operating Officer, stated, "The Urban Cable relationship demonstrates how versatile the Debt Resolve platform can be. Debt Resolve is pleased to assist Urban Cable in bringing the best of breed technology solution to their clients for face-to-face account resolution. As the collection industry landscape continues to change, Debt Resolve is committed to offering the most advanced and flexible technology to address our clients' needs."
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 Urban Cable LLC
Urban Cable serves as a first party agent for cable television providers in the metro Chicago area. Urban Cable goes to consumer residences to collect delinquent cable television payments or recover the equipment from the consumer. Urban Cable is developing innovative solutions for the cable market for pre-charge off recovery efforts in Chicago and plans to expand its services nationwide.
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.