Legal Network TRAKAmerica Announces Record Performance for Fiscal Year

TRAKAmerica, the rapidly growing legal network management company, announced record collections for both the year and quarter ending August 31, 2006. Commented CEO Thomas Milana, ?We?ve had a great year, with four record quarters in a row. This last quarter was particularly strong. Our inventory crested one million accounts and two billion dollars. Just in the last quarter, we recovered more than 30 million dollars for our clients.?

TRAKAmerica is unique among legal network managers because of its focus on analytics as a key tool in determining account level suit strategy. TRAKAmerica?s proprietary FASTRAK statistical model is built on over 600,000 legal cases involving more than $40 million in court costs spent. In addition, TRAKAmerica takes a much more active approach to attorney management than more traditional firms. The most recent quarter?s strong recoveries further validate the company?s approach and execution, as well as resulting in contract renewals with a top 5 card issuer and several large debt buyers. The company also now has an auto version of FASTRAK that has led to servicing agreements with several big auto lenders.

?Our approach continues to pay off for our clients in terms of higher net back, and for TRAK in terms of more clients,? said Managing Partner Thomas Dalessandro. ?When we call on clients and show them our track record with other lenders, it really gets them sitting up in their seats. Our performance just gets better and better.?