09.15.2004 - Press Release DebtResolve, Inc., a company offering credit issuers and others collecting consumer debt a suite of online products, announced today that Howard C. Knauer has agreed to join the company's Advisory Board as Chairman.

Mr. Knauer has worked in the collection, credit and financial services industries since 1975, holding senior positions at Bear Stearns, Fleet Credit Card Services, Associated Bureaus, Chemical Bank, American Express Travel Related Services and Citibank N. A. He has developed an industry-wide reputation for improving business profitability through portfolio improvement and process innovation in large and entrepreneurial organizations.

Most recently Mr. Knauer served as Managing Director, eCast Settlement Corp., where he oversaw a $2 Billion purchased debt portfolio. In July of this year he assumed the position of President of Receivables Management Solutions, a rapidly-growing collection agency in West St. Paul, MN.

According to Mr. Knauer: "We all understand that the internet will change the collections industry the way it's changed travel and book-buying. I'm excited to lend my expertise to DebtResolve, with its breakthrough online products."

James D. Burchetta, CEO of DebtResolve, said: "We're delighted to have someone of Howard's stature, and enthusiasm, as Chairman of our Advisory Board. The Board will insure that our product suite is constantly evolving to meet the needs of the collection industry."