CR Software Shows Double-Digit Growth in 2004, Plans Expansion in 2005

Fairfax, VA ? CR Software, Inc. (CRS), the leading provider of enterprise collections solutions, announced today that it has experienced phenomenal growth in 2004 and expects to continue its aggressive expansion plans in 2005.

?In 2004, we experienced over 20% growth in sales, and an over 20% increase in our workforce,? said Edgars Sturans, President of CR Software, Inc. ?We?ve accomplished this through a tremendous increase in licensing agreements, new customers, and strategic relationships with domestic and international resellers. The 2004 growth numbers are particularly gratifying since this builds on the 25% growth we experienced in 2003. Our first quarter 2005 projections are also right on goal ? and we have particularly aggressive goals this year! ? Sturans attributes this growth to both stability and planning, stating that much of the CR Software management team has been in place for close to 20 years. ?We see our competitors downsizing, consolidating operations, and fighting attrition and turnover while at the same time CR Software staff is committed to growth in the collections industry and certainly understand it well.?

To accommodate the company?s rapid growth, CR Software has moved to a new office space that is three times the size of the original office. The company is now located at 4035 Ridge Top Road, Suite 600, Fairfax, Virginia. CR Software also has tripled its sales force as a response to this growth.

CR Software impressive client roster features the ?who?s who? in the collection world including NCO Group, Penncro Associates, Frost-Arnett, and three new international sites in England, Wales and Brazil.

Sturans continued, ?Our growth and recent expansion reaffirms our strategic positioning as a leader in the collection industry. With our global network of regional offices, partners and distributors, including Oracle, IBM, and First Data Solutions, CR Software has the solutions for collections people by collections people. ?