updated 6/2/2011 5:46:11 PM ET 2011-06-02T21:46:11

TARRYTOWN, N.Y., June 2, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that Michael Cassella has joined the Company effective June 1 as Chief Operating Officer. Mr. Cassella will be responsible for Sales and Investor Relations. Mr. Cassella has worked with National Securities Corporation since 2004. From August 2009 to the present, Mr. Cassella was Investment Products Sales Manager, with responsibility for servicing 800 retail brokers on Initial Public Offerings, Secondary Offerings and Private Placements. From August 2006 to September 2008, Mr. Cassella was Assistant Branch Manager of the New York Branch and managed over 50 retail brokers. From August 2004 to August 2006, Mr. Cassella was a Sr. Account Executive.

Mr. Cassella stated, "I am extremely excited to join the Debt Resolve team. As Chief Operating Officer, I can now bring full-time focus and the discipline of consistency to the sales process of the Company. As I have worked indirectly with the company for many years, I have never been more optimistic about the Company's potential. The Company's patented technology is the best in the industry, and with the unprecedented level of consumer debt I am confident that Debt Resolve can lead the industry and continue opening up a truly empowering and unique web based debt settlement strategy."

David Rainey, Debt Resolve's President and CFO, stated, "We are pleased to attract someone of Mike's ability, energy and enthusiasm to the Company. His sales experience will significantly augment our efforts, which are already coming to fruition. As President, I have many responsibilities and am glad that Mike will be focusing his entire time on sales and investor relations."

New Partnerships

The Company also announced the signing of marketing partnerships with eCollections and Collect Tech Solutions.

Sentinel Development Solutions, the makers of eCollections, is a leading developer and integrator of enterprise debt collection management software. Sentinel's products integrate and automate the debt collection process for collection agencies, debt buyers, law firms, health-care providers, banks, and similar companies managing a large volume of delinquent consumer or commercial accounts.

Wincollect Software has been servicing the collections industry for over 12 years with over 200 customers in 13 countries. Wincollect combines the latest Microsoft technologies including SQL Server and .net with the best collections software features in the industry.

About Debt Resolve, Inc.

Debt Resolve provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery. The company also provides web-based payment platforms for the financial and healthcare industries. The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSV. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0 .

About Sentinel Development Solutions

Sentinel Development Solutions, the makers of eCollections, is a leading developer and integrator of enterprise debt collection management software. Sentinel's products integrate and automate the debt collection process for collection agencies, debt buyers, law firms, health-care providers, banks, and similar companies managing a large volume of delinquent consumer or commercial accounts.

For the past 11 years eCollections has consistently received industry acclaim and awards including being named in the Top 100 Technology products for 2005, 2006, and 2007. In 2008 eCollections received an award for Outstanding Innovation in technology and an award for Best in Customer Service.

About Collect Tech

Wincollect Software has been servicing the collections industry for over 12 years with over 200 customers in 13 countries. Wincollect combines the latest Microsoft technologies including SQL Server and .net with the best collections software features in the industry.

Forward Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0 .

CONTACT: Press Contact: David Rainey
         Debt Resolve, Inc.
         drainey@debtresolve.com
         (914) 949-5500 x238

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