Creditors Interchange, LLC Contemplates Options in Light of What CI Believes to Be Misleading Statements Made by Debt Resolve, Inc.BUFFALO, N.Y. -- Creditors Interchange Receivable Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control confirms the termination of the Securities Purchase Agreement with Debt Resolve, Inc., (AMEX AMEX See: American Stock Exchange : DRV DRV Driver DRV Drive DRV Device Driver (file name extension) DRV Democratic Republic of Vietnam DRV Darunavir (pharmaceutical drug-HIV treatment) DRV Daily Reference Value DRV Deutscher Raiffeisen Verband ) dated April 30, 2007. Creditors Interchange has notified Debt Resolve that CI will take all steps necessary and appropriate to protect its interests for what CI believes to be the false and misleading statements made by Debt Resolve in its September 24th press release regarding its reasons for the termination of the Securities Purchase Agreement, and what CI further believes to be violations by Debt Resolve of its obligations under the Fourth Amendment to the Securities Purchase Agreement. Ownership and Management of Creditors Interchange said, "We stand behind the 47 years of history and financial strength of CI." About Creditors Interchange Receivables Management, LLC Creditors Interchange ranks among the top 20 largest accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying management (ARM) agencies in the nation by providing full-service collections. Founded in 1960, Creditors Interchange services a diverse client base at a local and national level. These client partners include banks, financial institutions, colleges, municipalities, and debt buyers. Creditors Interchange's full-service contingency-based receivable management includes pre-collection, skip tracing, contingency recoveries, commercial collections, letter series, bankruptcy and probate probate (prō`bāt), in law, the certification by a court that a will is valid. Probate, which is governed by various statutes in the several states of the United States, is required before the will can take effect. services, and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and arbitration services. The debt portfolios serviced consist of credit and retail cards, auto and lease deficiencies, consumer loans, and college loans. Creditors Interchange is headquartered in Buffalo, NY. |
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