New Collection Agency Veritech Attracts Major Clients

Norcross, GA ? Veritech Financial Services, LLC, which only opened its doors for business in September 2003, has gained a tremendous reputation among several large bank holding companies. In just a few months Veritech has become a key agency partner for Regions Financial Corp. (Birmingham, AL), SouthTrust Bank (also of Birmingham, AL) and The Huntington National Bank (Columbus, OH). ?The industry experience and reputation of Veritech?s principals were helpful in securing these clients,? said Joel Milne, CEO, ?but our superior performance and commitment to excellence are the factors that continue to justify their confidence in us.?

The company principals are all seasoned veterans, with more than 60 years combined experience in the collection and recovery industry. Joel Milne was one of the original three ?founders? of the RMS application, and eventually became president of the US operations for London Bridge and COO of Global Software Services, Inc., developers of Latitude™, the collection industry?s most advanced solution. Jeff Durante, Veritech?s Director of Operations, has more than 17 years experience in the collection industry. He held senior management positions at Central Credit Services of Jacksonville, and was vice president of sales and marketing of Global Software Services. Bob Bieri, advisory director of Veritech, was formerly president of Barnett Recovery Corporation (now a part of Bank of America) and has more than 30 years experience as an innovative recovery executive for major financial institutions.

A recent letter from Richard Malcolm, Vice President of Regions Financial Corp.?s recovery operation, sums up the experience that these major companies have enjoyed over the past several months with Veritech: ?We believe the strategy that your company employed in working our accounts, your positive interaction with our staff and customers, as well as the quality of your team members, enhanced the recovery efforts on our portfolio above and beyond our liquidation ratio expectations.?

Veritech Financial Services, LLC is based in Norcross, GA and specializes in higher balance consumer accounts, especially automobile deficiencies, credit cards, end-of-term leases and other consumer-oriented debt. Its collectors are all highly trained professionals with more than 14 years average experience. For more information please contact Joel Milne at (877) 828-4040 or via email at jmilne@veritechfinancial.com.