PR – President Buys Central Credit Services

Jacksonville, Fla.-based Central Credit Services, Inc. (CCS), an accounts receivable management solutions provider, announced that President and Chief Executive Officer James J. (Jim) Eccleston has purchased all outstanding shares from company founder Peter G. Durante, completing a series of talks that began in 2007. Terms of the agreement were not disclosed.

Founded by Mr. Durante in 1987, CCS has continuously focused on the recovery of primary charge-off receivables. In 2004, Mr. Durante and Mr. Eccleston started working together on a business venture within the software industry. With the success of that venture, in 2005 Jim accepted his current role with CCS, taking full responsibility for all day-to-day operations and business planning.