TARRYTOWN, N.Y., April 4, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that E-Complish LLC, a leader in the production and design of payment solutions for high volume industries, and Debt Resolve will build and market an IVR version of Debt Resolve's two solutions, DR Prevent™ for early stage collections and the patented DR Settle™ for late stage collections. E-Complish specializes in Interactive Voice Response (IVR), Credit Card Processing and Automated Clearing House (ACH) processing. The solutions will be unique in the industry and are expected to be ready for market within 60 days.
David Rainey, Debt Resolve's President and CFO, stated, "These industry leading IVR solutions will offer the best functionality in the market. We have been discussing the solutions with potential clients and have received strong indications of interest in the collections vertical. We picked a strong partner that we know can deliver on complex technology with us to open up new markets for Debt Resolve."
Stephen Price, E-Complish's General Partner, stated, "We are excited to be working with Debt Resolve. The demand for debt negotiation via an Interactive Voice Response (IVR) system is a niche we will fill with Debt Resolve's patented product. Debt Resolve has a proven product that produces results. Working together, we are verbalizing an already great product into our existing IVR infrastructure."
Debt Resolve also announced that RecoveryLegal.net, a collection law firm network, has selected DR Settle™ as its exclusive web portal technology for its recovery efforts. RecoveryLegal purchases portfolios of defaulted debt and collects them in-house and through referral to its network of participating collection attorneys. Implementation for this client is underway and will be complete within 15 days.
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 .
About E-Complish LLC
E-Complish LLC, based in the Washington/Baltimore metro area, is a leader in the production and design of payment solutions for high volume industries. E-Complish specializes in Interactive Voice Response (IVR), Credit Card Processing and Automated Clearing House (ACH) processing. Their website is .
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 .
CONTACT: Press Contact: David Rainey Debt Resolve, Inc. firstname.lastname@example.org (914) 949-5500 x238