Debt Resolve, Inc. (fka DRSV)

[BullsEye]

DRSV DD Part 1>>Co. Summary:
Debt Resolve, Inc. provides an Internet-based bidding system for the collection of past due consumer debt to banks, lenders, credit card issuers, third party collection agencies, collection law firms, purchasers of charged-off debt and hospitals and large provider groups primarily in the United States. The company offers the DebtResolve™ system, which enables its creditor clients to settle and collect delinquent and defaulted consumer debts via the Internet, as an application service provider. Its DebtResolve™ system consists of a suite of modules that include DR Settle, which allows debtors to make offers or bids for what they can pay against their total overdue balances; DR Pay for online payments; DR Control for system administration; DR Mail, an email methodology; and DR Prevent for the settlement of consumer debt at earlier stages. The Company is headquartered in Tarrytown, New York.