Debt Resolve Subsidiary Engages Three Sales Affiliate Companies
WHITE PLAINS, NY / ACCESSWIRE / April 21, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) announced today that its majority owned subsidiary, Student Loan Care LLC (SLC), has signed contracts with three non-related companies to provide an effective nationwide outsourced sales function for SLC. S.P.Q.R. Enterprises, LLC of Irvine, CA, Jet Tech, LLC of Overland, KS, and California Society Services, Inc. of Fullerton, CA have each signed agreements to act as sales affiliates for SLC. As part of these agreements, the affiliate's sales team will receive qualified leads from SLC and, while integrated into the SLC technology infrastructure, attempt to complete these sales on behalf of SLC. In consideration of these efforts, the affiliate will be compensated with a fee-based commission each sale.
"After testing this concept at the end of 2016, we are excited to add these new affiliates to the Student Loan Care team," said Bruce Bellmare, Debt Resolve's CEO. "While very happy with the performance of our internal SLC sales team, these initial affiliate sales teams, trained by SLC, will allow us to expand our sales coverage by 50%," he added.
"Our new affiliates have eagerly embraced our brand, our culture and our commitment to compliance," said Jeffrey Da Pra, COO of Student Loan Care LLC. "This new strategy allows us to support their, and consequently our, growth cost-effectively."
"Having watched Student Loan Care's successful launch in 2016, we're excited to be a part of its continued growth," said Brandi Roberts, Jet Tech's CEO. "With our experienced sales team and SLC's training of their proven sales process, we should have a very successful business relationship."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business 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. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Student Loan Care LLC is a Debt Resolve Inc. majority owned joint venture with Hutton Ventures, LLC and provides documentation preparation submission services for loan consolidation and eventual modification of Federal Direct student loans. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
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 varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Company Contact:
Wayne Travis
Debt Resolve, Inc.
wtravis@debtresolve.com
(914) 949-5500 x238
For Investor Relations: Synergy 1-888-259-9173
SOURCE: Debt Resolve, Inc.
