PR - Federal Court Denies Motion to Dismiss Debt Resolve Lawsuit

Debt Resolve, Inc. (AMEX: DRV) announced today that the U.S. District Court, Southern District of New York, in a decision dated October 5, 2007, has denied a motion for summary judgment brought by Apollo Enterprise Solutions, LLC in Debt Resolve’s patent infringement lawsuit against Apollo. The Court further directed Apollo to submit to discovery on all issues including infringement to be completed by December 31, 2007.

The Federal District Court in New Jersey had previously denied Apollo’s motion to transfer this case to the West Coast and a later-filed mirror image suit filed by Apollo against Debt Resolve in federal court in California has been dismissed.

Debt Resolve filed a patent infringement lawsuit against Apollo Enterprise Solutions in January of this year, alleging infringement of United States Patents, No. 6,330,551 (‘551 Patent), and No. 6,954,741 (‘741 Patent), under which Debt Resolve has exclusive rights with respect to web-based consumer debt collections worldwide. Debt Resolve’s online method of dispute resolution is protected by its United States patents and those granted in numerous other countries, including the United Kingdom.

Debt Resolve’s complaint seeks a permanent injunction and damages for the loss of profits and royalties against Apollo, as well as enhanced damages for willful infringement.

James Burchetta, Debt Resolve Chairman and CEO said: “This ruling is another victory for us. We intend to continue to vigorously enforce our patent and intellectual property rights against those who would infringe those rights.”

Debt Resolve is represented by Albert L. Jacobs Jr. and Daniel A. Ladow of the New York office of the Dreier LLP law firm.