Executive Change: Collect America, Ltd. Names Paul A. Larkins President

DENVER–Collect America, Ltd . (“Collect America” or the “Company”), a leading purchaser and servicer of charged-off receivables, announced today the appointment of Paul A. Larkins as President. In this capacity, Mr. Larkins will oversee the Company’s day to day operations and strategic initiatives, working in close partnership with the Company’s Chairman, CEO and Founder, Scott Lowery.

“We are very excited to have Paul join the leadership team at Collect America as we continue the growth and development of our organization,” said Scott Lowery, the Company’s Chairman and CEO. “Paul brings over 26 years of experience in financial services and technology businesses to our team and we welcome the addition of his leadership skills and demonstrated ability to develop multi-billion dollar enterprises. Most importantly, Paul shares my views of the importance of our franchises and employees in meeting our growth objectives.”

Mr. Larkins joins Collect America from Key National Finance, the equipment leasing and consumer finance operations of KeyCorp, where he has served as President and CEO for the last 11 years. Headquartered in Superior, Colorado, Key National Finance is a global business comprised of over 1,400 professionals across 26 countries with over $23 billion in assets under management and nearly 110,000 clients. While at Key National Finance, Mr. Larkins led the business through a period of impressive growth and spearheaded numerous acquisitions, divestitures and joint ventures that helped to reposition the Equipment Finance, Advisory and Distribution Services, Payroll, Home Improvement, Marine, Auto Lending and Education Lending business units. In concert with his business leadership roles, Mr. Larkins has served on numerous industry association and community boards (including being elected Chairman of the Equipment Leasing and Finance Association, and Chair of that Association’s government affairs council).

Mr. Larkins commented on his new role: “I am excited to partner with Scott Lowery and the rest of the Collect America team. Collect America’s attorney-based franchise model is a differentiated approach to accounts receivable recoveries that has enabled the Company to become a best-in-class participant in its market through the hard work of its franchise owners and employees. As President, I believe I will be able to leverage my professional experiences to help the Company continue to execute its growth strategies and I am excited to be returning to a more entrepreneurial business environment.”

Prior to joining KeyCorp in 1993, Mr. Larkins held national and regional marketing positions at U.S. Leasing International and IBM. Additionally, Mr. Larkins previously served on the board of directors for the Research Foundation at the State University of New York (SUNY). He is currently on the Board of the Leed’s School of Business at the University of Colorado. He is also a member of the Alumni Association President’s Council at St. Mary’s College of California.

Mr. Larkins received his Bachelor of Science degree in Economics and Business Administration from St. Mary’s College of California. Mr. Larkins is also a graduate of the Phillip Crosby Quality Education System, Institute of Leasing Management at Columbia University and the Stonier Graduate School of Banking at the University of Delaware.

About Collect America
Headquartered in Denver, CO, Collect America is a leading participant in the accounts receivable management and charged-off receivable purchasing markets. Collect America itself is an asset management company that sources and acquires accounts and provides servicing through a dedicated franchise network of law firms and an affiliated network of collection firms that leverages a proprietary information technology platform and the Company’s operational and analytical expertise. Since its inception in 1994, the Company has acquired over $16 billion in face value of accounts in addition to servicing over $8 billion of accounts on behalf of other acquirors of charged off receivables. The Company and its franchise owners are committed to servicing accounts with the highest ethical standards. Please visit www.collectamerica.com for further information.