SOURCE: NASDAQ

March 17, 2006 11:57 ET

/ CORRECTION - Portfolio Recovery Associates, Inc. [PRAA] CEO to Ring The NASDAQ Stock Market Opening Bell

-- (MARKET WIRE) -- March 17, 2006 --


In the news release, "Portfolio Recovery Associates, Inc. [PRAA] CEO to Ring The NASDAQ Stock Market Opening Bell," issued earlier today by NASDAQ, we are advised by the company that the first sentence of the first paragraph should read "10-year business anniversary" rather than "10-year anniversary" as originally issued. Complete corrected text follows.

Portfolio Recovery Associates, Inc. [PRAA] CEO to Ring The NASDAQ Stock Market Opening Bell

Company Celebrates Business Anniversary

-- 03/17/2006 --

What:

Steven Fredrickson, CEO of Portfolio Recovery Associates, Inc. (NASDAQ: PRAA) will preside over the opening bell to celebrate its 10-year business anniversary.

Where:

NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio

When:

Monday, March 20th, 2006 at 9:30 a.m. EST

Feed Information:

The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.

About:

Portfolio Recovery Associates was founded in 1996, went public in 2002 (NASDAQ: PRAA) and is a leading firm specializing in the purchase, management and collection of charged off consumer debt. Our goal is to treat all our customers well, helping them through difficult financial times, while providing appropriate returns to PRA's shareholders. At PRA "benevolent" and "debt collector" is not an oxymoron. Quite the contrary; at PRA we believe the only way for our company to succeed is to provide a win-win interaction with our customers. At PRA "we're giving debt collection a good name."

Contact Information

  • Contacts:
    David Burton
    Investor Relations
    (757) 961-3510
    Email Contact

    NASDAQ MarketSite:
    Stephanie Lowenthal
    646.441.5220