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TRAKAmerica Adds To Management Team
SYOSSET, NY, January 15, 2007 — TRAKAmerica, the rapidly growing legal network management company, announced today that Matthew C. Wolk has joined the company as Vice President. Mr. Wolk will have broad responsibilities for compliance, attorney and agency management, and process improvement. “We are pleased to have Matt on board,” said CEO Thomas Milana. “Matt brings tremendous experience that will help TRAKAmerica deliver more value for our clients.”
Prior to joining TRAKAmerica, Mr. Wolk was Process and Agency Manager for Capital One, where he managed recoveries and legal network suppliers. He played a key role in reducing expenses for Capital One through both vendor pricing negotiation and operating procedure and compliance program improvements.
“In managing the various legal networks over the years, I have seen first hand the unique effectiveness of the TRAKAmerica approach. I’m really looking forward to being a part of this team and taking this approach to more creditors as we continue to build the company,” said Wolk.
“2006 was another year of tremendous growth for us,” said TRAKAmerica Managing Partner Thomas Dalessandro. “In the last quarter we topped $40 million in collections, saw more than a million accounts placed and added three publicly traded companies and one of the largest credit card issuers to our client list. Having Matt come on board is a great way to start 2007 as we continue to build out our business proposition and reach our goals.”
About TRAKAmerica
TRAKAmerica is a top performing legal network management company that has been able to recover millions of dollars, previously believed to be unrecoverable, for some of the most astute lenders in the world. The company’s recovery success is built on a nationwide network of local attorneys, combined with a rigorous analytic approach to managing thousands of accounts.
TRAKAmerica’s FASTRAK model permits its attorneys to concentrate on the most suit-worthy accounts while its asset location skills and rigorous attorney management procedures ensure that each attorney follows the most statistically likely, cost effective path to recovery on every account. Since 2000, TRAKAmerica has won ongoing assignments from debt buyers, banks, finance companies, credit unions, auto lenders and others by delivering higher net backs in a secure, compliant environment. Creditors or debt buyers who would like more information about FASTRAK or who would like to run a test file should contact info@TRAKAmerica.com or 800.277.4431.
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