Virginia Association of Community Bankers Endorses BSG Financial's Re$ubmitIt; Electronic Check Recovery Increases Bank Revenue, Serves Commercial Accountholders.

LOUISVILLE, Ky. -- BSG Financial, LLC, a provider of profit-enhancing programs and marketing services to the financial industry, announced the Virginia Association of Community Banks (VACB) has endorsed the company's electronic check recovery solution, Re$ubmitIt(R).

According to association officials, VACB chose to endorse BSG Financial's Re$ubmitIt because of the compelling opportunity to offer a value-add solution to its member banks and their commercial accountholders. The Board of Directors voted to endorse the Re$ubmitIt program, which is an alternative or additional safeguard to check guarantee services, while providing an almost immediate increase in revenue to member banks.

"Electronic check recovery is a service we know our member banks could benefit from, and when BSG Financial's Re$ubmitIt was presented to us, it was clear it would be our program of choice," said Lyn Hayth, Chairman of the VACB Services Committee and president of Bank of Botetourt. "Re$ubmitIt has a proven success rate in capturing funds from returned checks that might otherwise have been written off as bad debt. By outsourcing the hassle of returned check collection, Re$ubmitIt helps business accountholders save time, money and effort, enabling them to focus on serving their customers."

At no cost to commercial accountholders, businesses collect 100 percent of the face value of all checks collected through the completely automated process, which utilizes electronic check re-presentment technology via the Automated Clearinghouse Network (ACH). In addition, VACB member banks that offer Re$ubmitIt to their commercial customers benefit from a unique profit-sharing agreement with BSG Financial.

"BSG Financial is honored that VACB enthusiastically endorses Re$ubmitIt," said Barrett Nichols, founder and CEO of BSG Financial. "This program successfully collects 75-80 percent of the checks it processes helping a bank build stronger relationships with its business accountholders, while increasing its own bottom line. The endorsement by VACB is a vital step in making electronic check recovery a service option for more banks."

About BSG Financial, LLC

Louisville, Ky.-based BSG Financial develops and manages innovative, profit-enhancing programs for the financial industry. Its flagship program, "The Responsible Approach(TM)", uniquely provides the industry's first outsourced solution for courtesy overdraft management, CourtesyConnect(TM), as well as the in-house OverdraftHonor(R) program. These "Responsible Approach(TM)" programs offer revenue enhancement, a conservative approach to customer and risk management, as well as ongoing technical and customer service. In addition, BSG Financial offers other profit-enhancing programs that increase retail account openings; outsource collections; repair damage caused by identity theft; and significantly increase collections on bad checks. BSG Financial is privately owned and has offices in Kentucky, Texas, Massachusetts and Pennsylvania. For more information about the company, visit www.BSGfinancial.com.