Admerex Acquires U.S. Collection Agency Credit Collection Services Group

Admerex Limited (ASX: ADL) is pleased to announce that as part of its commitment to the US collections market, it has acquired the collections business of Credit Collection Services Group, Inc. (CCSG).

In February 2007, Admerex entered the U.S. collections market through its subsidiary, Admerex Solutions, Inc. which operates out of Manila, Philippines. The acquisition of CCSG will enhance the company’s current U.S. collections service by providing clients the ability to operate through a “blended” model.

Based in Savannah, Ga., CCSG has provided Admerex with an immediate platform to launch its blended model. The principal of CCSG, David Freitag, has joined Admerex as Director of Operations. Freitag commented, “The CCSG team has many years’ of experience in the U.S. collections industry, and we are very excited to be part of the Admerex Group. The businesses will integrate smoothly and the ‘blended’ model will be very attractive to potential US based clients.”

Fred Beiner, Senior VP of Admerex Contact Centres, adds, “Admerex is very glad to be committed to the United States growth in regards to collections. We will now be able to offer our U.S. clients a seamless blend between the Philippines and the United States which will be a huge boost for collections.”

“It is fantastic that we have been able to extend our U.S. collections business in Georgia, which is where our U.S. office is located. Savannah has many benefits as a location for this business. The integration has been seamless. This is a natural fit and augurs well for our growth in the US collections market,” states Rob Yeldon, CEO of Admerex.

About ADMEREX
ADMEREX is a leading global provider of receivables lifecycle and credit risk management solutions. Its innovative Xpert Solutions series of management software and services is operational in over 160 clients in 26 countries spanning the finance, utility, telecommunications and debt recovery industries. Admerex partners with its clients to manage costs, risks and receivables revenue. The company has transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project.

Headquartered in Sydney, Australia, the company has offices in Atlanta, Dubai, London, Manila, Melbourne and Singapore. More information at www.admerexgroup.com.