TARRYTOWN, N.Y., Nov. 3, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that it has entered a marketing partnership with a business process outsourcing (BPO) leader that will market Debt Resolve's patented DR Settle™ and its DR Prevent™ solution to the BPO provider's clients and integrate the BPO's collection platform to these Debt Resolve solutions. The new partner has hundreds of bank, utility and government clients worldwide. The revenue and order backlog of the BPO are in the multiple billions of dollars. The BPO and its affiliated companies employ over 30,000 professionals and provide end-to-end IT and business process services to clients worldwide from offices in North America, Europe and Asia.
David Rainey, Debt Resolve's President and Chief Financial Officer, stated, "This partnership agreement is the most significant to date since the company began to partner with key billing and collection industry providers to sell our solutions to their clients. Our strategy to leverage the existing client relationships of our new business partners to drive revenue growth is beginning to accelerate. The potential revenue from this partnership is substantial."
Michael Cassella, Debt Resolve's Chief Operating Officer, stated, "Establishing a partnership with an industry leading BPO provider and the integration with their collection platform is a significant step for Debt Resolve. With the substantial reach into the banking network that the BPO has established, we feel that offering our patented late stage negotiation tool DR Settle and our early stage DR Prevent solution are a natural fit. We are very excited to now be able to offer their customers the best and most functional web collection tools."
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 the Business Process Outsourcer
The Business Process Outsourcer (BPO) was founded in 1976 and is one of the largest independent information technology and business process services firms in the world. They provide end-to-end IT and business process services to clients worldwide from offices spanning the globe.
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.