U.S. Debt Settlement Acquires the Assets of Compass Credit Services

U.S. Debt Settlement(TM) (USDS) and Compass Credit Services, Inc. have announced that their respective companies have completed their agreement under which U.S. Debt Settlement has acquired the assets of Compass Credit Services, a consumer debt reduction and management services company.

Compass Credit, based in Richardson, Texas, is a strategic addition to U.S. Debt Settlement’s core business. The acquisition will extend U.S. Debt Settlement’s service capabilities and has already increased the company’s client base. Compass Credit’s computing capability included valuable software upgrades, data mining and innovations that will provide advanced productivity solutions for U.S. Debt Settlement’s client management efforts.

U.S. Debt Settlement will build upon Compass Credit’s customer relationships by maintaining its superior outreach strategy and acclaimed level of client loyalty and satisfaction. Compass Credit’s offerings included a transfer of 600 current clients and more than 6,700 prospects.

The addition of Compass Credit will advance U.S. Debt Settlement’s vision of taking over a number of other debt settlement companies. "I am currently in the process of putting together a letter of intent to acquire another company that has 5,000 clients and does eight million a year," said Michael Mann, President and CEO of U.S. Debt Settlement who intently describes how his business is in acquisition mode. "The take over complement’s U.S. Debt Settlement’s business and extends our ability to deliver compelling debt settlement products and services to our customers. Our competitive differentiators have led debtors to choose U.S. Debt Settlement. Our acquisition plan will strengthen U.S. Debt Settlement as the leading provider of debt settlement solutions for financially troubled consumers. We get great results for our clients."

"This is an exciting milestone for our company, and we look forward to scaling our growth as we make U.S. Debt Settlement a nationally recognized brand," said Mann. "We see exciting growth opportunities ahead for our company, our investors and our employees. We are happily looking forward to 2009 as we go public on the Frankfort Exchange first quarter of this year.

The acquisition, which is not subject to U.S. regulatory and other customary conditions or business disclosures, closed in October 2008. Terms of the transaction were not disclosed.

About U.S. Debt Settlement
USDS specializes in helping those suffering from the hardship of overwhelming debt. USDS offers their clients an extremely practical and effective way to resolve what they owe credit card companies and other forms of unsecured debt. Simply put, they’ll help you to get out of debt–and help put you on the road to regaining control of your financial future. Call today 1-888-831-0888 Extension 210.

To learn more about U.S. Debt Settlement(TM) please visit our website at www.USDebtSettlement.com or schedule a complimentary debt/credit consultation by dialing 1-888-831-0888 Ask for Kelly at Ext #210