SOURCE: Debt Resolve, Inc.

Debt Resolve, Inc.

December 28, 2009 18:43 ET

Debt Resolve Files to Resume OTCBB Listing; Opens West Coast Office

Company Restructuring Sets Agenda for 2010

TARRYTOWN, NY--(Marketwire - December 28, 2009) - Debt Resolve, Inc. (PINKSHEETS: DRSV) (the "Company"), a provider of online debt resolution software to businesses with large consumer debt portfolios, has announced that Finance 500 has filed Form 211 for Debt Resolve to return to trading on the OTC. This is the latest of substantial changes that should pave the way for company growth in 2010.

Debt Resolve has added new customers to its system over the last several months. The Company recently opened a west coast office in Newport Beach, California and has recruited a seasoned health care executive to serve as director of sales and marketing, initially concentrating on the health care and automotive industries.

The Company had previously announced the addition of Mr. James Brakke to the Debt Resolve Board of Directors. Mr. Brakke brings extensive experience in corporate governance and an independent perspective to the board.

On October 8, 2009, the Company announced a successful initial restructuring of its balance sheet, reducing approximately 41% of the liabilities of continuing operations. It has acquired the financial advisory services of Finance 500, a full service financial company and registered broker dealer.

"All of these changes made in 2009 are expected to foster continuing growth and create a sound financial structure upon which the company can achieve its 2010 goals and objectives," stated James Burchetta, Chairman of Debt Resolve's Board of Directors.

Forward-Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit

Contact Information

  • Media and Investor Contact:
    Jay Goth