PR - NCO Group Completes Exchange Offer

NCO Group, Inc., a leading provider of business process outsourcing and ARM services, announced today that it has completed its offer to the holders of its Floating Rate Senior Notes due 2013 and its 11.875% Senior Subordinated Notes due 2014 to exchange the Outstanding Notes for like principal amount of its $165.0 million principal amount Floating Rate Senior Notes due 2013 and its $200.0 million principal amount 11.875% Senior Subordinated Notes due 2014, which have been registered under the Securities Act of 1933, as amended (collectively, the "Exchange Notes").

The outstanding notes were sold in a private placement by the company, which was completed in November 2006. The company was required to carry out the exchange offer under the terms of agreements entered into in the private placement.

The exchange offer expired at 5:00 p.m. (Eastern Daylight Time) on August 15, 2007. Based on information provided by the exchange agent, The Bank of New York, $163,805,000 in aggregate principal amount of the Floating Rate Senior Notes due 2013 and $200,000,000 in aggregate principal amount of the 11.875% Senior Subordinated Notes due 2014 were validly tendered and not withdrawn pursuant to the exchange offer. NCO has accepted for exchange all of the validly tendered and not withdrawn outstanding notes. NCO intends to issue the exchange notes for all such exchanged outstanding notes as soon as practicable.