Executive Change: David M. Rainey to Debt Resolve

Debt Resolve, Inc., announced that pursuant to a succession plan, David M. Rainey has been named the company’s Chief Financial Officer and Treasurer, effective May 1, 2007.

Mr. Rainey has over 19 years of experience in public company accounting and finance roles, corporate governance, Sarbanes-Oxley issues, and mergers and acquisitions. Most recently he served as the Chief Financial Officer and Treasurer of Hudson Scenic Studio, where he was responsible for finance and accounting. Previously, he was Chief Financial Officer and Vice President of Finance at Star Gas Propane, L.P., a business unit of Star Gas Partners, L.P. (NYSE: SGU). Prior to that, he served as Treasury Generalist, and earlier, as Western Region Controller at Westvaco Corporation (NYSE: MWV). Mr. Rainey holds a Masters of Business Administration and a Juris Doctorate from Vanderbilt University.

Mr. Rainey is replacing Katherine A. Dering, who will stay on with the company, reporting to Debt Resolve Co-Chairman and CEO, James D. Burchetta, and will advise senior management on matters involving finance, investor relations, and mergers and acquisitions. Her departure from the position as CFO was planned to take place after the completion of the company’s initial public offering (IPO), and the filing of the company’s annual report on form 10-KSB for 2006.

Debt Resolve Co-Chairman and CEO, James D. Burchetta said: "We are extremely pleased to welcome David to Debt Resolve’s management team. He brings a broad base of financial expertise to our company, as well as solid experience within the financial community, and a deep understanding of Debt Resolve’s businesses. I am confident that David will continue our focus on building shareholder value for Debt Resolve and will maintain our financial growth and fiscal conservatism established under Katherine’s leadership."

Mr. Burchetta added: "As Debt Resolve’s CFO, Katherine A. Dering has done an excellent job of developing and maintaining strong relationships with Wall Street investors, financial analysts and Debt Resolve shareholders. Katherine provided the financial leadership that guided us to our successful IPO last year. As she transitions into her new role, she does so in a way that will allow David to inherit and execute upon the strong infrastructure she has created. We are delighted that she will remain a valuable member of our team."

Mr. Rainey commented: "I’m excited to join such a fast-growing and innovative company. I look forward to applying my experience to support Debt Resolve’s continued growth, both in the U.S. and overseas."