White Plains, NY / ACCESSWIRE / June 25, 2014 / Debt Resolve, Inc. (OTC:DRSV) (the "Company") today announced its new partnership with Business Processes Redefined LLC (BPR). BPR has already begun using Debt Resolve's cloud-based accounts receivable management capability in several of its affiliate collection agencies and will expand its use to many more agencies during the summer.
"We are thrilled to welcome a company of BPR's caliber as a partner and are excited about the new revenue potential of the BPR Network's rapid adoption of the Debt Resolve system," said Stan Freimuth, Debt Resolve's CEO. "Our account receivable management solutions offer best-in-class functionality to assist consumers in handling their payment obligations online, thereby increasing recovery rates and amounts."
"We have been extremely impressed with both the ease and speed of integration of the Debt Resolve system into our agencies' existing platforms," said Lauren A. Irwin-Szostak, BPR's President. "The inherent benefits of its solution, combined with its high levels of support, have significantly enhanced our agencies' best practices. We intend to fully implement the Debt Resolve solution with all our agencies at the BPR summit conference next month."
Mr. Freimuth added, "In addition to this new relationship with BPR, the Company is aggressively pursuing additional partnerships and new market opportunities, with a particular focus on healthcare and third-party collections verticals. Debt Resolve has a number of attractive opportunities in progress that should begin generating new revenue in the near future."
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 collection solutions that are 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 Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
About Business Processes Redefined, LLC
Business Processes Redefined, LLC, is a receivables management firm for companies wishing to outsource some or all of their debt-collection activities. Founded in 2007 by President Lauren A. Irwin-Szostak , a successful entrepreneur with more than 20 years of experience in the debt collection industry, BPR works with companies of many sizes in a diverse range of industries, offering maximum value to organizations with past-due receivables in excess of $500,000 per month.
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 varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Investor Relations:Stanley FreimuthDebt Resolve, Inc.[email protected](914) 949-5500 x210
SOURCE: Debt Resolve, Inc.