PR - Debt Resolve Enters Benelux Region Market

Debt Resolve, Inc. (AMEX: DRV) announced today that it has entered into a strategic partnership with ODC (Online Debt Collection) Tools, a Benelux-based consulting firm. ODC Tools will launch a campaign to promote and accelerate the adoption of the Debt Resolve online collections product in the Benelux region (Belgium, The Netherlands and Luxembourg), and will provide Debt Resolve with local expertise including sales, marketing, and project management support to service European clients.

A recent report on the consumer credit market in the Benelux region reveals that ‘gross advances in the Benelux consumer credit market will reach €27.4 billion in 2010.’ Belgian consumers have traditionally been more conservative with their spending; however, the younger generation is more inclined to spend, less inclined to save, and more likely to get into debt. Conversely, consumers in Luxembourg have greater earning power than consumers in Belgium or the Netherlands, due to a higher level of wealth in Luxembourg, and because of this, they prefer to pay off their debts with ease.

James D. Burchetta, Chairman and CEO of Debt Resolve stated: “This is the ideal time for us to launch Debt Resolve in the Benelux region. We successfully launched our product in the UK collections market earlier this year, and are excited to reach the Benelux market as well. ODC Tools’ expertise and experience will be invaluable to the growth and expansion of our company in this region.”

ODC Tools is a Credit Management Services & Solutions provider, offering innovative technologies for both cost and time efficient e-billing & online debt collection solutions. The company is led by Mr. Daniël Boelen who has many years of credit management experience as a consultant, manager, coach and trainer, completing numerous credit management projects successfully in both the commercial and public sector, and the company is supported by a network of marketing and sales professionals who are dedicated to activate their experience and network for the company and the DebtResolve system.

Mr. Boelen commented, “ODC Tools is excited to enter into this partnership with Debt Resolve, Inc. as the company and its unique and world wide patented online consumer debt settlement and collection solutions offer great opportunities in the Benelux region. We are confident that the DebtResolve solutions will create significant added value to the current Benelux accounts receivable operations.”