TARRYTOWN, N.Y., Aug. 18, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that PayNearMe, the cash transaction network, and Debt Resolve have entered a marketing partnership where PayNearMe will market the Debt Resolve solutions to its clients. PayNearMe serves e-commerce, consumer finance, transportation and more at local convenience stores where consumers can make cash payments to the clients of PayNearMe.
Michael Cassella, Debt Resolve's Chief Operating Officer, stated, "In today's environment, consumers are demanding more convenient solutions for all services. The partnership between PayNearMe and Debt Resolve will offer a significant payment solution for the consumer. I am extremely excited to offer our clients the option of providing consumers the convenience of making payments at 6,200 7-Eleven stores when settling their accounts with the Debt Resolve solution."
About Debt Resolve, Inc.
Debt Resolve provides consumer 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 PayNearMe
PayNearMe is the cash transaction network that enables consumers to pay conveniently with cash for a wide variety of goods and services from leading companies in e-commerce, consumer finance, transportation and beyond. Consumers pay easily at a local store, starting at 6,200 7-Eleven stores across the United States. PayNearMe was selected Best in Show at Finovate Fall 2010. For more information, visit www.paynearme.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.