Executive Bio: Alfred J. Brothers, Jr.

Al Brothers has direct responsibility for Cavalry’s portfolio management, marketing, acquisition, and debt sales activities as well as overall responsibilities for Cavalry’s Phoenix operations including collections and MIS, and has been with the company since 1992.

Cavalry Investments, LLC
Cavalry Investments (formerly Zirmak Investments) is engaged primarily in the business of acquiring and collecting non-performing consumer loans. Cavalry is not a collection agency, but rather is an investment company that purchases and services consumer receivables for its own account. Cavalry (including its affiliates) has been successfully purchasing distressed consumer loans since 1991 and today is recognized as one of the top debt purchasers in the U.S. As of February 28, 2003, Cavalry’s non-performing loan portfolio consisted of 2.2 million accounts with aggregate outstanding balances in excess of $7.9 billion. A member of the Debt Buyer’s Association since 1999, Cavalry actively collects its portfolio and also resells selected accounts. Cavalry is currently working with multiple debt buyers to create attractive investment opportunities.

The company has purchased portfolios from some of the largest banks and consumer finance companies and specializes in the acquisitions of credit card charge-offs, audit efficiencies and charge-offs, utility receivables, and other types of non-performing or sub-performing consumer receivables. Calvary provides immediate liquidity for companies wishing to quickly dispose of receivables and plans to purchase approximately $3 billion in receivables in 2003. The company employs 450 people in Phoenix, Arizona; Hawthorne, New York; St. Paul, Minnesota; and Tulsa, Oklahoma.