TRAKAmerica Expands, Adds Senior Executive

SYOSSET, NY, September 26, 2007 — TRAKAmerica, the rapidly growing legal network management company, has announced significant actual and planned expansion. “Over the past 12 months we’ve grown our staff by 50% due to new client business. By this time next year we expect to grow our staff another 50%,” said CEO Thomas Milana.

In addition to the staff expansion, TRAKAmerica announced the appointment of Wade Ferguson to the position of Vice President of Network Management. Mr. Ferguson comes to TRAKAmerica after more than eight years at Capital One, where he managed various recovery functions, and was most recently involved with their legal outsourcing program. Mr. Ferguson has been in collections and recoveries for more than 15 years. “We are very pleased that Wade decided to join us. His big bank experience is going to be invaluable to us as we continue to grow our company,” said Managing Partner Thomas Dalessandro.

“I was so impressed with TRAKAmerica’s performance with Capital One that I made the decision to join TRAK’s team and put my experience from Capital One to work at this entrepreneurial, fast moving company,” said Ferguson.

Earlier this month, TRAKAmerica reported record collection and revenue results for its fiscal year. That growth and the current new business pipeline are driving significant expansion in staff and management. “Our model of an aggressive legal program and a rigorous analytic approach is producing superior results and we are being rewarded for it,” said Dalessandro. “Given how small most creditors’ legal programs are today, we have many years of growth ahead of us and will be adding additional key players in support of this goal.”