Transworld Systems and Strunk & Associates Partner to Help Financial Institutions Recoup Lost Revenue

Transworld Systems Inc., an industry leader in profit recovery, and Strunk & Associates L.P. have formed a strategic alliance to offer financial institutions a more comprehensive and efficient approach to collecting unresolved, past-due, and non-paying accounts. This strategic alliance will provide financial institutions a more efficient recovery process, increasing fee income for mutual clients while providing a new source of non-interest income that is vital in today’s competitive financial services marketplace.

"We are very excited about the comprehensive services we can bring our mutual clients. Working together, we can create more value than working individually," said Barney Zeng, Vice President – Sales and Client Operations, Transworld Systems Inc.

Founded in 1970, Transworld Systems Inc., provider of GreenFlag(SM) DDA Recovery Plus, is redefining the collection industry by providing businesses with better tools for recovering bad debt and past due accounts. Transworld Systems has collected over $2.4 billion in the past 5 years for more than 60,000 clients, of which 1,800 of them are financial institutions. Transworld Systems is licensed to collect in all 50 states and has over 100 offices throughout the United States and Puerto Rico.

Strunk & Associates L.P. is the nation’s leading third party provider of discretionary overdraft payment service programs to financial institutions and has been in the financial institution consulting services business for over 40 years. Strunk specializes in revenue improvement and profitability. The company, headquartered in Houston, Texas, has nine regional sales and service offices across the United States.

In 1994, Strunk & Associates introduced and implemented their first financial institution client into the nation’s very first highly formalized and structured Discretionary Overdraft Payment Service Program. The program has been marketed nationwide as Strunk & Associates Overdraft Privilege(SM) Service and Occasional Overdraft Privilege Service™. Strunk’s nearly 2,000 clients represent all charter types (credit unions, banks and savings/thrift institutions), are located in 47 of the 50 United States, and the Caribbean, are in all demographic markets, and have total assets ranging from $10 million to over $20 billion. Strunk’s distinguished national reputation for compliance expertise has lead to 30-plus exclusive state trade association endorsements as well as endorsement from the American Bankers Association.

According to Mike Sobba, Vice Chairman at Strunk & Associates, "Transworld Systems is well known in financial institution circles, and we share a number of existing mutual clients that will benefit from reduced charge offs due to a third party resource like GreenFlag DDA Recovery Plus." Additionally, "we are excited about how our existing and future clients will benefit from our newest strategic alliance. We expect Transworld’s third party impact to further reduce charge-offs for Strunk & Associates’ customers implementing GreenFlag DDA Recovery Plus at 45 days," Sobba said.

About Transworld Systems Inc.
Transworld Systems Inc.®, a wholly owned subsidiary of NCO Group, Inc.®, is an industry leader in profit recovery with headquarters in Santa Rosa, CA, and more than 100 offices throughout the United States and Puerto Rico. Transworld and its service brand GreenFlag(SM) Profit Recovery are redefining the collection industry by providing businesses with better tools for recovering bad debt and past due accounts. Transworld has collected $2.4 billion over the past 5 years for more than 60,000 clients. For more information, call 1.866.480.2925 or visit http://web.transworldsystems.com/strunk.

About Strunk & Associates L.P.
In business since 1976, Strunk & Associates L.P. is a financial advisory service recognized nationally for its innovative design, development, and implementation of the original Overdraft Privilege Service Program. Strunk & Associates L.P. currently serves nearly 2,000 clients throughout the United States and the Caribbean. For more information about Overdraft Privilege and other financial solutions such as REWARDChecking®, call 1.800.728.3116 or visit www.strunklp.com