The Sagres Company Announces Year-End Online Debt Auction

The Sagres Company announced today that it would end 2004 with an online auction featuring several portfolios, including prime bank credit cards, which will be segmented by size for all potential purchasers. The auction will be held December 16, 2004.

The Sagres Company has just finished celebrating its 10th anniversary, and is expected to post a 50% increase in revenues as compared with 2003. The company’s CEO, Tom Ferris, attributed the company’s improved performance to management’s commitment to the key outcomes identified in a strategic planning meeting held in January 2004. Ferris said, “It’s very gratifying to see a management team mature and hit its benchmarks all year long.”

In a time when many debt buyers’ acquisitions were down, The Sagres Company experienced a significant increase in acquisitions for the year. “The company’s commitment to a disciplined buying strategy allows us the opportunity to offer product to the regional marketplace at competitive pricing through the auction process,” Ferris said.

For more information about the Sagres Company or to learn more about the online auction, please visit www.sagresco.com.