SOURCE: Halo Debt Solutions, Inc.

Halo Debt Solutions, Inc.

February 09, 2010 07:00 ET

Halo Debt Solutions, Inc. Approved for ISO 9001:2008 Certification

ALLEN, TX--(Marketwire - February 9, 2010) - Halo Debt Solutions, Inc., a nationwide debt settlement company and a subsidiary of Halo Companies, Inc. (OTCBB: GPAX), announces today that the company has been granted ISO 9001:2008 certification. Halo began the application process six months ago in accordance with their initiative to continue to set the highest standards in the industry and serve more consumers. In order to obtain certification, Halo spent six months designing and implementing a quality management system to regulate all operations of the company, culminating with extensive process and procedure audits on-site by BSI Group, a provider of independent third-party certifications of management systems. (

Several key states have adopted strong debt settlement laws with increased consumer protections, such as the Uniform Debt Management Services Act (UDMSA). The tough statutory compliance and accreditation requirements exclude the majority of settlement companies from operating in those states. The ISO 9001:2008 certification, however, meets the accreditation requirements of the UDMSA. By obtaining the ISO certification, Halo Debt Solutions, Inc. will be able to operate in more states, increasing the number of consumers eligible for Halo's debt settlement program. "Halo has always been an advocate for regulation in the industry and obtaining this type of certification shows our commitment to regulatory compliance. Furthermore, the ISO certification positions Halo to help more consumers, which is the central tenant of our company's mission statement," states Jeffrey Rasco, vice president of government relations and compliance for Halo.

According to the National Conference of Commissioners on Uniform State Laws (NCCUSL), "The UDMSA represents the first national effort at providing some uniform rules to govern both consumer credit counseling services and debt settlement services," (Source:

ISO 9001:2008 is an international quality standard that specifies requirements for an organization's quality management system, including the ability to "consistently provide product that meets customer and applicable statutory and regulatory requirements," and "enhance customer satisfaction through the effective application of the [quality management] system," (Source:

About Halo Debt Solutions, LLC

Halo Debt Solutions, Inc., a subsidiary of Halo Companies, Inc., is an industry leader for debt settlement services with custom-tailored programs designed to help consumers settle and pay off their unsecured debt. For more information about Halo Debt Solutions, Inc., visit

About Halo Companies, Inc.

Halo Companies, Inc. is a publically-traded nationwide holding company located in Allen, TX. Halo consists of nine subsidiaries that operate primarily in the consumer financial services industry including debt, mortgage, real estate, credit, loan modification, and insurance. Halo has been recently recognized by Inc. Magazine, Comerica Bank Collin 60, Capital One Bank Celebration of Enterprise, and the SMU Cox School of Business Dallas 100. For more information about Halo Companies, Inc., visit

Cautionary Language Concerning Forward-Looking Statements:

Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Halo Companies' filings with the Securities and Exchange Commission. Halo Companies, Inc. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.