Executive Change: Raymond Conta Joins Debt Resolve's Board; Appointed SVP

Debt Resolve, Inc. (OTC: DRSV) announced today that Raymond A. Conta has joined the Company’s Board of Directors effective March 13, 2014. Mr. Conta is a successful entrepreneur based in Westchester County, NY with businesses focused on healthcare billing and accounts receivable management.

“I am very pleased to be joining Debt Resolve’s Board of Directors,” Mr. Conta said. “Since becoming acquainted with the Company late last year, I have become increasingly excited about its software solutions for accounts receivable management and payments. I look forward to working with the other Board members to continue developing appropriate strategies for the Company, assisting in governance, and maximizing the resources needed to grow.”

“The Board of Directors of Debt Resolve is extremely pleased that Ray Conta has joined the Board,” said James G. Brakke, Chairman of the Board of Directors. “As an industry expert in healthcare billing and accounts receivable management, Ray can provide strong guidance to our planning for this market and others. We are happy to have someone of Ray’s caliber join the Board.”

In addition to joining the Board of Directors, Mr. Conta, through his consulting company RC Healthcare Consulting LLC, was appointed Senior Vice President of Debt Resolve’s Healthcare and Agencies Division. In this capacity, Ray will manage that Division’s day-to-day operations, and will drive new business in hospital and collection agencies accounts, which should increase the Company’s revenues and profits. Ray will report directly to Stan Freimuth, Debt Resolve’s CEO.

“I am thrilled to be working with Ray going forward as we complete our new strategic plan and prepare to accelerate our efforts in key target markets,” Mr. Freimuth said. “Ray has many years of directly relevant and practical experience in our core markets, so his insight and vision will prove invaluable in our efforts to drive new revenue. I will work closely with Ray and the rest of the Board in delivering on the potential of Debt Resolve’s software solutions.”

Debt Resolve provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery. The company also provides web-based payment platforms for the financial and healthcare industries. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.