CBE Group Receives Business of the Year Award

The CBE Group, Inc. (CBE), a leader in the debt collection industry, announced today that it was named Business of the Year 2011 for the Greater Cedar Valley region, which includes the Waterloo and Cedar Falls, Iowa metropolitan areas. The award was presented to CBE by the Greater Cedar Valley Alliance and Chamber at the organization’s annual celebration.

The Business of the Year Award is presented to recognize the efforts of a Greater Cedar Valley Alliance and Chamber investor in promoting the quality of life and offering leadership within the Cedar Valley, achieving a major business accomplishment or making an outstanding contribution to the Cedar Valley community, economy and citizens. The awarded business is selected by a special committee based on nominations received.

CBE President and CEO Tom Penaluna said, “We are honored to be named the Greater Cedar Valley Business of the Year for 2011. CBE is committed to employee satisfaction above all else and this awards speaks to the dedication of our staff.” The company’s recent purchase of a new corporate headquarters in Cedar Falls provides both new amenities for close to 600 Cedar Valley employees, as well as positions the company for future growth right in its own backyard. Penaluna continued, “As CBE grows, the Cedar Valley will continue to benefit through job creation and community involvement. We are here to make a difference as we lead the way in Defining the future of debt collection.”

About CBE Group
CBE has been in the accounts receivable management business since 1933 and currently employs nearly 1,000 people in four locations nationwide. Its corporate headquarters is located in Cedar Falls, Iowa, with additional facilities in West Des Moines, Iowa; Overland Park, Kansas; and Atlanta, Georgia. CBE was named Greater Cedar Valley Business of the Year in 2011one of the best places to work in the Waterloo/Cedar Falls metropolitan area the last seven years. CBE represents many of the nation’s most renowned and respected organizations in a variety of industries including healthcare, utilities, satellite, telecommunications, financial services, education and government. For more information, visit http://www.cbegroup.com.