SOURCE: Portfolio Recovery Associates, Inc.

June 21, 2006 12:00 ET

Portfolio Recovery Associates to Present at William Blair and Company's 26th Annual Growth Stock Conference

NORFOLK, VA -- (MARKET WIRE) -- June 21, 2006 -- Portfolio Recovery Associates, Inc., (NASDAQ: PRAA), a leading provider of outsourced receivables management, announced today that Steve Fredrickson, CEO and Kevin Stevenson, CFO will be making a presentation to the investment community at the William Blair and Company's 26th Annual Growth Stock Conference to be held in Chicago, IL on Wednesday, June 28, 2006.

A link to the live audio web cast of their presentation will be provided on the Investor Relations page of Portfolio Recovery Associates' website at www.portfoliorecovery.com, under Event Calendar. The link will be accessible at approximately 9:50 AM ET on the day of the conference. The replay will be available immediately after the presentation is completed and will remain available for 90 days.

About Portfolio Recovery Associates. Portfolio Recovery Associates was founded in 1996. Portfolio Recovery Associates purchases, collects and manages portfolios of defaulted consumer receivables. Defaulted consumer receivables are the unpaid obligations of individuals to credit originators, including banks, credit unions, consumer and auto finance companies, retail merchants and other service providers. The defaulted consumer receivables Portfolio Recovery Associates collects are either purchased from the credit originator or are collected on behalf of clients on a commission basis. More information concerning the company may be found at its web site: www.portfoliorecovery.com.

Statements in this press release, other than historical data and information constitute forward-looking statements that involve risks and uncertainties. The forward-looking statements in this press release are based upon management's beliefs, assumptions and expectations of the company's future operations and economic performance, taking into account currently available information. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us. Accordingly, a number of factors could cause our actual results, performance, achievements to be very different from the results, performance or achievements expressed or implied by such forward-looking statements, including but are not limited to, the risk factors set forth in the Company's filings with the Securities and Exchange Commission. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Information in this press release may be superseded by more recent information or statements, which may be disclosed in later press releases, subsequent filings with the Securities and Exchange Commission, or otherwise.

Contact Information

  • Contact:
    David Burton
    757-519-9300 x 13010
    dburton@portfoliorecovery.com

    For more information, contact:
    Portfolio Recovery Associates
    Attn: Investor Relations
    120 Corporate Blvd., Suite 100
    Norfolk, VA 23502
    Tel: 757-519-9300, x-13010
    Fax: 757-554-0586
    Email: info@portfoliorecovery.com