TuesdayJan 29, 2008 6:32 pm

Debt Resolve, Inc. (DRV) Appoints Kenneth Montgomery Chief Executive Officer

Debt Resolve, Inc. announced today that co-chairman and chief executive officer, James D. Burchetta, has elected to step down from his position, as planned after the one-year anniversary of the company’s initial public offering (IPO), and Kenneth Montgomery will replace him as CEO, effective February 16, 2008. Mr. Burchetta has been appointed chairman of the board and founder and will remain actively involved with senior management. His additional responsibilities will include overseeing investor relations, corporate strategy and product development. With more than 25 years in the financial services industry, Mr. Montgomery has managed assets totaling over $4 billion and has…

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TuesdayJan 29, 2008 6:28 pm

Debt Resolve, Inc.’s (DRV) Patented Technology to Resolve Consumer Debt Quickly

Debt Resolve, Inc., a leader and innovator in the asset receivables management industry, develops and markets web collection technology under the brand name DebtResolve®. This private, online patented technology provides lenders and other collectors with a web-based bidding system for the resolution and settlement of consumer debt. The DebtResolve® software system is delivered in an ASP environment and can be private-labeled for use across multiple sectors and various industries for collections activities. This technology brings delinquent borrowers and lenders together over the Internet to resolve outstanding debt. The debtor goes online, chooses one of the options presented by the collector,…

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