Newly Formed Collection Agency Rounds Out Ownership Stakes

NEW ORLEANS, LA – Phillip Weaver, the former Senior Vice President and General Manager for NCO Group who formed the emerging commercial collections player Revenue Assurance Partners in March, announced the sale of the remainder of the organization’s Member Shares to Michael Chastain and Mike Wegman.

Michael Chastain will assume the role of Chief Operations Officer and Mike Wegman will assume the role of Chief Financial Officer. Both Mr. Wegman and Mr. Chastain were formerly with collection giants Milliken and Michaels and NCO prior to joining forces with Revenue Assurance Partners.

Phillip Weaver founder and CEO of Revenue Assurance Partners states, “With the additions of Mike and Michael, we have closed our ownership ranks and realized the necessary capital to develop and implement the world-class technology that is the foundation of our platform. Additionally, these two individuals bring years of operational management expertise in servicing national clients and developing superior infrastructure and processes.”

Providing a full menu of collections and credit services to the Business to Business marketplace, Revenue Assurance Partners deploys state of the art digital imaging, IP computer integrated telephony and the most robust recovery software available. This technology coupled with the best and most experienced collectors in the industry provides superior recovery percentages, as well as, unsurpassed client integration and incomparable reporting.

About Revenue Assurance Partners, LLC Revenue Assurance Partners, LLC provides a full menu of commercial credit and collection services including:

• First Party outsourcing
• Audit recoveries
• Bad debt collections
• Business and Credit Investigations
• Consulting
• Credit Reporting
• Legal Forwarding
• RAP DIRECT client access
• 10 Day Demand Program

For more information contact Phillip Weaver at 985.626.1963 or www.rapcollect.com.