Executive Change: Darren Schulman Promoted at MRS Associates

MRS Associates, an industry leader in receivables management, announces the promotion of Darren Schulman to the position of President. Mr. Schulman joined MRS as Chief Financial Officer in 2003; he will continue in that role in addition to his new responsibilities.

“It gives me tremendous pleasure to announce this promotion,” said Jeff Freedman, MRS Co-Chairman/CEO. In three short years, Darren has proven himself to be an inspirational leader, a creative and strategic thinker, and an integral part of our executive team. His drive, determination, and personality are a perfect fit with MRS and his contributions have far exceeded our expectations.”

“Darren has provided fresh insight for MRS,” added Co-Chairman/CEO Saul Freedman. “He has been one of the main catalysts to our recent explosive growth. In addition, he played a central role in creation of our newly established joint venture with Spanco in Mumbai, India.”

“Darren has provided fresh insight for MRS,” added Co-Chairman/CEO Saul Freedman. “He has been one of the main catalysts to our recent explosive growth. In addition, he played a central role in creation of our newly established joint venture with Spanco in Mumbai, India.” In his new position, Mr. Schulman will help lead the expansion of MRS activities into new lines of business. He will be responsible for the continued enhancement of the company’s financial strength, act as the primary contact for members of the capital investment community, forge alliances with global partners and vendors and continue to provide strategic vision and direction.

Mr. Schulman has expertise in policies and procedures; financial and regulatory reporting; strategic planning; operations; compliance; insurance; human resources and information technology. He holds a Bachelor’s degree in Accounting, summa cum laude, from C.U.N.Y. – Brooklyn College and he is a Certified Public Accountant.

<!–PAGEBREAK–>

MRS Associates, Inc. is a nationally licensed, leading provider of 1st and 3rd party accounts receivable management/BPO services. Founded in 1991, MRS has garnered a reputation as being one of the most innovative, progressive, and top performing companies in the industry. In 15 years, the company has become one of the 25 largest agencies servicing the financial services and retail credit communities. In addition, MRS handles commercial, educational, and government debts. MRS has differentiated itself in the marketplace by combining a propriety training process, knowledgeable hands-on management and a strong commitment to advance technology.

MRS has its corporate headquarters and national call center in Cherry Hill, NJ with additional call centers in Fairfield, NJ, New Albany, OH, Phoenix, AZ, as well as an international location in Mumbai,India. The company employs over 700 people and handles in excess of $4 billion in delinquent placements annually. The company is actively pursuing strategic initiatives into new markets through both organic growth and acquisition. For more information, please visit http://www.mrsassociates.com/.