Vengroff, Williams & Associates Sees 51 Percent Increase in Third-Party Collections Activity as Tough Economy Becomes Reality

VWA North American Operations Sees Double Digit Percentage Increases of Bad Debt

GARDEN GROVE, CA--(Marketwire - February 4, 2008) - Vengroff, Williams & Associates (VWA), a leading provider of receivables management and business process outsourcing solutions, today announced a 51 percent increase in overall third-party collections activity. California, New York and Florida saw the highest activity with 18, 21 and 66 percent increases respectively. The percent increases are based on VWA's expanding 3000+ customer base and compared activity from 2006 to 2007. The biggest increases were seen in commercial B2B, healthcare and consumer financial services.

"Tough economies always result in increased bad debt or the need to cure slow paying customers," said Mark Vengroff, CEO of VWA. "Based upon close interaction with clients and the marketplace, the increased activity is in line with our expectations. We anticipate these levels to continue for both commercial and consumer debt through 2008. The majority of our clients have begun to tighten their extension of credit and are looking to liquidate their own receivables earlier in the collection cycle to mitigate any potential risk of additional write offs."

The news comes off the heels of predictions by industry analysts and VWA (see November press release: Vengroff, Williams & Associates Predicts Demand for F&A Outsourcing will Increase as CFOs Prepare for a Tough Economy) that the demand for finance and accounting (F&A) outsourcing will increase as CFOs prepare for a tough economy.

About Vengroff, Williams & Associates, Inc.

Founded in 1963, and with $23 billion under its management, Vengroff, Williams & Associates is a leading provider of receivables management business process outsourcing (BPO) solutions for Fortune 1000 companies such as Ford Motor Company, Federal Express, Kodak, Microsoft, Yamaha and others. Applying state-of-the-art proprietary information systems, best practice work flow and people to realize cost reductions, operating efficiencies, and improved process design, VWA's approach enables clients to easily insource or outsource all or part of the quote-to-cash function. Solutions are customized to each client's requirements or expanded to incorporate specialized tools and SAS 70 compliant processes and procedures. Services include full order to cash processing, third party collections, EIPP systems, deduction management, dispute management, auto cash solutions, front-end risk mitigation, and tax resolution. VWA has been named a Top 21 enterprise-level FAO service provider by FAO Today Magazine. To learn more about VWA, please visit or telephone (866) 393-4892.

Contact Information: Aimee Quemuel Trier and Company 415.753.9005