Debt Resolve to Launch Campaign in the UK/Europe

Debt Resolve, Inc. (AMEX: DRV) announced today that it has entered into a strategic partnership with fasEo Ltd., a UK-based consulting firm headed by credit and collections industry leaders. fasEo will launch a campaign to promote and accelerate the adoption of the Debt Resolve online collections product in the UK and in Europe, and will provide Debt Resolve with local expertise including sales, marketing, and project management support to service UK and European clients.

Credit card spending, debt and charge-offs are on the rise in Europe, especially in the UK. A recent report by Credit Action shows that the country is expected to reach GBP 31.8 ($62.2) billion in holiday credit card spending this year, up 11.6% from December 2005. Consumer debt in the UK reached approximately GBP 1.23 ($2.41) trillion in 2005, while GBP 10 ($19.57) billion of bad debt was written off by UK lenders in 2005. The level of charged-off debt was expected to increase in 2006.

James D. Burchetta, Chairman and CEO of Debt Resolve said: "The UK and European collections markets are particularly important to Debt Resolve. fasEo’s expertise and experience will be invaluable to the growth and expansion of our company in the UK and Europe."

fasEo is headed by Jan Stefanowicz, Founding Partner and Managing Director, who formed the company after more than 30 years working internationally in the credit and bank card industries.

"We are excited to introduce Debt Resolve to the UK and European markets," said Mr. Stefanowicz. "fasEo works with a number of European companies that see increasing challenges in the collection of past due accounts. Debt Resolve is at the forefront of an innovative channel for collections, enabling customers who face repayment problems to take control. We know that Debt Resolve will make a significant impact with any organization that values both customer service experience and seeks improved recoveries."