USCI, Inc. (OTC USCM.OB) announced the launch of its new subsidiary, TelCollect, and the successful deployment of its subsidiary?s cutting-edge technology designed to substantially increase its clients? recovery of receivables through its advanced web-based platform on November 3,2000.
After 6 months of development and testing, TelCollect has successfully launched its strategic receivables management services platform which will provide for its clients such services as fraud detection and management, early stage through tertiary account third party collections, letter series, skip tracing, consumer payment arrangement monitoring programs, and fee collection services, for the telecommunications, medical, bank card and financial services industries. A separate division specializes in commercial accounts.
Lee Feist, Chairman and CEO stated, ?The Company has made a strategic decision to integrate its extensive experience in advanced technology with its highly-touted in-house A/R management organization to move vigorously into the A/R management and recovery business serving other clients. We have developed what I believe to be one of the strongest A/R management and recovery teams in the industry, and are now positioning ourselves to make this talent available to prospective clients in both the consumer and commercial sectors. TelCollect recently entered into A/R recovery agreements with Ramcell of Kentucky and Advantage Cellular Systems, both major regional providers of wireless communications.?
Feist went on to say, ?Our in-house IT Department has been the driving force behind the development of the TelCollect model. This web based technology will be offered throughout the US, Puerto Rico and Mexico and is capable of functioning on a multi-lingual basis. Though there are a number of major companies in the accounts receivables/collections industry, we have found none with the talents, software platform or proven experience dedicated to pushing the technology envelope in this rapidly advancing industry.?
About USCI, Inc.
USCI, Inc. is a holding company whose other subsidiaries are engaged in the marketing of Internet Telephony products and services and wireless telecommunications services.
For additional information please visit www.telcollect.com
NOTE: Certain statements in this news release constitute ?forward-looking statements?: within the meaning of the Private Securities Litigation Reform Act of 1995 including the implications that TelCollect will indeed contract with other companies to provide collection and recovery services and that the proprietary software that has been developed is unequaled in the market place. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performance or achievements of the Company to be materially from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company disclaims any intent or obligation to updsse these forward-looking statements.