IntelliRisk Management Corporation acquires New York-based Dymacol Corporation

COLUMBUS, OH ? IntelliRisk Management Corporation (IRMC), an international leader in providing accounts receivable collections, teleservices and outsourcing solutions, has acquired New York-based Dymacol Corporation.

The acquisition is the second in as many months for IRMC. In October, IRMC acquired the international risk management division of Equifax, Inc., including its operations centers in Canada and the United Kingdom.

Founded in 1987, Dymacol is headquartered in Oceanside, N.Y. and is one of the nation?s largest agencies specializing in small balance portfolio recovery via a dunning and collection call strategy. Dymacol?s services are focused on the direct marketing/mail order and medical lab industries. Dymacol has operations centers in New York and Iowa, where over one million new accounts are placed for collection each month.

?The acquisition of Dymacol enhances our accounts receivable management product suite,? IRMC President Richard D. Schultz said. ?They provide a valuable resource for addressing the high-volume, low balance requirements of many of a large market segment served by the IRMC Family of Companies.?

IRMC C.O.O. Nicholas Petrini said the acquisition of Dymacol adds value to the organization.

?Dymacol adds a strong, well established client base and a superior intellectual capital base,? Petrini said. ?Dymacol has also developed proprietary systems for delivering very personalized contacts for high-volume creditors with low balance accounts. This core competency will enhance IRMC?s competitive edge in these markets.?

Steve Heidelberger, Dymacol President and Chairman of the Board, will remain in his leadership position with the company.

?This is an exciting time for us,? said Dymacol President Steve Heidelberger. ?Becoming part of IntelliRisk Management Corporation is beneficial to our employees and clients. As part of this winning team we have access to the best resources in the industry. This strengthens our ability to respond to our clients? needs, creates new opportunities for our employees to excel and positions Dymacol for accelerated growth.?

Founded by Richard D. Schultz in 1998, IRMC has more than 6,000 associates staffing 40 regional operations centers throughout the United States, Canada and Europe. Through strategic acquisitions and internal growth, IRMC has climbed to the No. 3 position in the accounts receivable collections, teleservices and outsourcing industry in the United States. IRMC companies are the largest in both the Canadian and U.K. markets.

For more detailed information on the IntelliRisk Management Corporation Family of Companies, visit our web site at www.irmc.com.