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Number 181 - December 2005
NJ Commission:
OSI Collection Services Overcharged $1 Million Collecting Taxes
Asta Funding's
Midas Touch Continues as it Achieves Record Results for 2005
Ocwen Recovery Group Records Loss
Profits Soar at Repcol Limited
Collection Stocks Take Huge Hit
Third Quarter
Profits Fall at FirstCity Financial
Financial
Management Systems Raises $4 Million
Collection House Plans IPO Spin Off
Intrum Justitia's Earnings Improve
Portfolio
Recovery Associates Receives Line of Credit
Credit Corp Group
Inks Forward Flow Agreement
Sequoia Credit
Consolidation Expects 2006 Placements to Double
SEC Probe of NCO
Group Ends With a Whimper
Number 180 - Novermber 2005
Marlin Integrated Capital Holding Units Acquired by NCO Group for $86.8 Million
IntelliRisk Management Corporation Receives $50 Million in Equity Capital
Federal Credit & Consulting Acquired by NuComm
West Asset Management's Income up 31%
Collection Stocks Post Gain
Capital Management Services' Revenue to hit $55 billion
Repcol Issues 11 Million Shares
Growth at Asset Acceptance Capital
Portfolio Recovery Associates Net Surges 34%
Pearce Relinquishes CEP Role Again at Collection House
Arrow Financial Services Fined by State
Net Income up 32% at Encore Capital Group
Number 179 - October 2005
Allco Equity partners Fail in its Hostile Takeover attempt for Baycorp Advantage
Portfolio Management Group Acquired by Aktiv Kapital in Canadian Expansion
Receivable Management Services Acquired by Citigroup
Strong Performance by Collection House for Year
Collection Stocks post Modest Gain
New Request for Quotes Released by IRS for Tax Collections
Profits Continue to Skyrocket at Repcol
Equidebt Receives $95 Million Equity Injection
Record Earnings at Encore Capital Group
Year-End Profits up 10% at EOS Group
Credit Corp Limited Soars on Bad Debt Buying
Astra Business Services Get $9 Million in Venture Capital
Number 178 - September 2005
Universal
Fidelity's Lawsuit Forces the IRS to Cancel Debt Collection Solicitation
Baycorp Advantage
Formally Rejects Takeover Bid by Allco Equity Partners
Nationwide Credit
Sells Healthcare Collection Division
Ascension Capital
Group Acquired by Encore Capital Group
Collection Stocks Post Modest Gain
Sallie Mae's
Collection Business Surges in Quarter
NCO Completes
Acquisition of Risk Management Alternatives
Castle &
Mosey Team up Again to Launch Northstar Companies
West Asset
Management Has Strong Quarter
Ocwen Recovery Group's Earnings Slide
Asta Funding Achieves Record Earnings
Premium Asset
Management Makes Healthcare Debt Buy
TWS Holdings
Receives $20 Million Credit Line for Debt Buyers
China Sets Up Bad
Debt Clearing Agency
Major Intrum
Justitia Investor Sells Stock
Resurgence
Financial Gets Private Equity Investment
Number 177 - August 2005
Universal Fidelity Corporation Sues the IRS Over Debt
Collection Contracts
Baycorp Advantage Rushes to Put Its Collection Agency Division
up for Sale
Abrams & Swartz Acquired by Creditors Interchange
American Coradius Acquired by Private Equity Group
Collection Stocks Gain Ground
Intrum Justitia's Earnings Rise 26 Percent
Aktiv Kapital's Net Surges 51 Percent
Creditexpress Acquired by Transcom Worldwide
AlaTax Acquired by Portfolio Recovery Associates for $17.5
Million
Profits at Asset Acceptance Capital Grow Faster Than Revenue
NCO Group's Teleservices Business Off 26 Percent
Earnings Fail at FirstCity Financial
Kundinkasso Acquired by Lindorff
Number 176 - July 2005
Hostile Takeover Launched for Baycorp Advantage by Allco
Equity Partners
RMA Files for Chapter 11 & NCO Group Will Acquire Assets
for $118.8 Million
Creditexpress is Acquired by Intrum Justitia
U.S. Debt Buyers Soar
Aktiv Kapital's Net Climbs 42%
Robinson Way Surges in First Half
Ocwen Recovery Group's Earnings Fall
Credit Corp Group's Net Up 66%
Creditek Acquired by Gecis
West Asset Management's Income Soars
Collector Productivity Drives Portfolio Recovery Associates'
Profits
Number 175 - June 2005
Australia's RMG
Limited Files for Bankruptcy & Part of Business Sold
Second Indian
Call Center Business Seeks to Acquire Debt Collection firms
Lowell Group
Reaches 600,000 Accounts Under Management
Johnson, Morgan
& White Opens London Office
Collection Stocks Down Sharply
Bridgement Smith
Collections Plans New Headquarters
Van Ru Credit
Corporation Opens 250 Seat Call Center
IntelliRisk
Management Corp Unit Settles With Minnesota
Increased
Earnings at Encore Capital Group
FirstCity
Financial Corporation's Revenue up 6%
NCO Group Misses
Analysts Expectations
Asta Funding Net
Surges 34% in Quarter
Asset Acceptance
Capital Corp's Net Sets Record
Number 174 - May 2005
Wescot Credit Services Sale Collapses - Deal With New Buyer is Reported
Debt Buyer Portfolio Recovery Associates First Quarter Earnings Climb 48%
Ocwen Recovery Group's Earnings Fall
The Lewis Group's Profits Increase
Municipal Services Bureau Lands Court Fines Contract
Collection Stocks Down Sharply
Financial Recovery Services Revenue up 82% for Year
Johnson, Morgan & White's Revenue Nearly $15 Million
Opportunities, People & Expansion
Earnings up 22% for Year at NCO Group
Credit Today/Credit Risk International Publisher Insolvent
Portfolio Recovery Services Earnings up 48%
FTC Adds Four More Senior Managers to CAMCO Suit
Credit Services Association Hires PR Firm
Financial Asset Management Systems Lands Child Support Contract
Number 173 - April 2005
SEC Staff to
Recommend Securities Laws Violations Against NCO Group
Asset Acceptance
Capital Corporation to Hold Secondary Stock Offering
Encore Capital
Group Earning's Up 28% in 2004
West Asset
Management's Operating Income Surges for Year
Collection Stocks Tread Water
ISA
Internationale's Acquisitions Delayed Yet Again
Losses Soar at RMG Limited in Half
United Medicorp Loses Big Client
Weak Results for
Baycorp Advantage's Collection Unit
Debt Buying
Propels Repcol in First Half
Genesis Financial
Services Diversifies Into Lending
SITEL Transitions
Some Collections Offshore
FirstCity Profits
Down on Continuing Operations
Number 172 - March 2005
Option Card Acquired by Asta Funding in Deal Worth $13.5
Million
Consumers Financial Corporation Acquires Medical Billing &
Collection Agency Firm
Bad Debt Buyer Aktiv Kapital Acquires $78 Million Spanish
Portfolio
Collection Stocks in Sharp Correction
FBIC Expands Into China
Earnings Increase 33% at Portfolio Recovery Associates
Opportunities, People & Expansion
Reward Enterprises Launches Collection Agency
Intrum Justitia's Net Earnings Set Record
IntelliRisk Management Corporation Establishes Global
Operations
Number 171 - February 2005
Encore Capital Group Establishes Price at $61.7 Million For Sale of 3 Million Shares
Aktiv Kapital's CEO Abruptly Resigns Amid Acquisition of Two More Collection Firms
West Asset Management's Profits Soar After Acquisitions
Ocwen Financial Corporation's Profit's Fall
Collection Stocks Going Straight Up
Robinson Way's Profits Up 45 Percent
Asta Funding's First Quarter Profits Up 32 Percent
Earnings up 101% at FirstCity Financial for Nine Months
Direct Legal & Collections Achieves British Certification
Cevian Capital Boosts Holdings in Intrum Justitia
Collection House Buys $76 Million Portfolio
EMCC Unit Acquires Sage Systems
Tracey Steps Down at DCS Holdings
Asset Acceptance Reduces Rate on Credit Facility
Genesis Financial Solutions Debt Buys Triple in 2004
CAMCO's Accounts Sold for $6.8 Million
Number 170 - January 2005
Sherman Financial Group & Timothy
Beffa Form Joint Venture & Launch New Agency
Aktiv Kapital is Europe's Largest Bad
Debt Buyer With Acquisition of Olympia Capital
Visma Services Acquires United Collectors
for $6.6 Million
NCML Holdings to Sell Collection Business
for $5.4 Million
Collection Stocks Explode
Specialized Receivables Acquires Foster
& Bibeau
The Lewis Group's Six Month Profits Surge
NCO Group's Contingency Collection
Revenue Almost Flat
West Corporation Consolidates its
Collection Businesses
Cavalry Investments has Record Growth
RevCare Virtually Breaks Even in Third
Quarter
CAMCO's Debt Portfolio to be Auctioned Off
InoVision-Medclr Portfolio Group Makes
Large Debt Buy
Hudson & Keyse Receives $10 Million
Credit Facility
NLEX Hits $5 Billion in Portfolio Sales
for Year.
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