Executive Change: Victor Fox to Collect Com Credit

Collect Com Credit, a Canadian accounts receivable management firm, announces that Victor Fox has joined the Executive Team effective July 1st, 2006 as Director, U.S. Sales and Operations and has invested as a shareholder.

Victor joining CCC allows the company to strategically develop the US market with no interruption to the Canadian operation.

Victor brings over 28 years of progressive collection experience of which 15 have been in senior management positions in the financial services industry.

Prior to joining Collect Com Credit, Victor was Senior Vice President, National Collections and Recovery in charge of daily operations of collections, outsourcing, remarketing, recovery and support functions at Key Bank N.A. Previous to Key Bank, he held positions as Director of Collections for First Union National Bank, Vice President of Collections at Advanta and Vice President of Investor Service and Support at Prudential Home Mortgage. Victor began his financial services career with Beneficial Finance Company.

"CCC’s venture into the US market is better served with an experienced Executive who understands the different cultures and nuances and we believe with Victor at the helm, the operation will grow with a strategic and disciplined approach" said Aaron Taylor, President and CEO.

Collect Com Credit has been in operation for 16 years and currently provides accounts receivable management services to Banks, Governments, Retailers, Utility and Leasing companies.