Executive Change: Matthew Wolk to TRAKAmerica

TRAKAmerica, the rapidly growing legal network management company, announced today that Matthew C. Wolk has joined the company as Vice President. Mr. Wolk will have broad responsibilities for compliance, attorney and agency management, and process improvement. “We are pleased to have Matt on board,” said CEO Thomas Milana. “Matt brings tremendous experience that will help TRAKAmerica deliver more value for our clients.”

Prior to joining TRAKAmerica, Mr. Wolk was Process and Agency Manager for Capital One, where he managed recoveries and legal network suppliers. He played a key role in reducing expenses for Capital One through both vendor pricing negotiation and operating procedure and compliance program improvements.

“In managing the various legal networks over the years, I have seen first hand the unique effectiveness of the TRAKAmerica approach. I’m really looking forward to being a part of this team and taking this approach to more creditors as we continue to build the company,” said Wolk.

“2006 was another year of tremendous growth for us,” said TRAKAmerica Managing Partner Thomas Dalessandro. “In the last quarter we topped $40 million in collections, saw more than a million accounts placed and added three publicly traded companies and one of the largest credit card issuers to our client list. Having Matt come on board is a great way to start 2007 as we continue to build out our business proposition and reach our goals.”