Stellar Recovery Announces Successful Completion of SSAE 16 Type II

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Bob Burnside, President of Stellar Recovery, Inc., announces the successful completion of SSAE 16 Type II in the first quarter of 2013.  Stellar Recovery achieved this certification for the second year in a row.

“We are proud to announce yesterday we received our PCI DSS certification and have started our final process for ISO 27001 certification which should be completed by July 1st 2013,” said Burnside.  ”It has been a very smooth process for Stellar to obtain these certifications and they will certainly help fuel Stellar’s future growth.”

Keith Jones, President of Sales and Marketing said, “This is a monumental accomplishment for a company that just turned 4 years old in January 2013. This will allow the Stellar sales team to explore government contracts and other related verticals that require these certifications.”

John Schanck, Chairman of Stellar, added, “It will allow us to continue our growth and give our current and future clients a newfound comfort level and confidence with security and processes for them and their customers.

Schanck went on to say, “Stellar’s first quarter revenues were outstanding and is projecting $30M to $35M in top line revenues in 2013.   This growth is fueled by boarding 3 national clients with placements in excess of $800M dollars just in the month of April.  Our performance is above and beyond all expectations for our new and existing client base.  We at Stellar have made some strategic debt purchases this month in excess of $37M.”

Stellar will continue to purchase distressed bank assets to fuel its gigantic growth appetite in 2013.

CEO/COO Garrett Schanck added that with almost a billion dollars in placements in the month of April, Stellar has signed a lease for another 6,000 square feet of office space at its 4500 Salisbury Road location in Jacksonville, Florida. “Stellar will be adding an additional 80 account representatives and 8 managers along with several support people,” he noted.

Stellar Recovery, Inc. is headquartered in Jacksonville, Florida with a satellite office in Kalispell, Montana.

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Posted in Collection Laws and Regulations, Collection Technology, Data Security, Debt Collection, Payment Systems .

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