Financial Asset Management Systems Awarded Contract by the Georgia Department of Revenue for the Collection of Delinquent Tax Revenues

ATLANTA, GA – Financial Asset Management Systems, Inc. (FAMS), One of the fastest growing, privately held companies in the Receivables Management industry, announced today that they have been selected by the Georgia Department of Revenue to assist the State in the collection of past due tax accounts.

For almost a decade, Financial Asset Management Systems has been assisting government agencies, on both the State and Federal levels, in the collection of past due accounts. ?Winning this contract with the State of Georgia has been a long and highly competitive endeavor?, said T.M. ?Pete? Nance, CEO and President of FAMS ?we are very excited that the Georgia Department of Revenue has selected us as one of their collection partners, and we are looking forward to working with the State on this project?.

Since 1938, the Department of Revenue (DOR) has been Georgia?s primary vehicle for administering the state’s tax laws and collecting and processing state revenue. The Georgia DOR is also responsible for the enforcement and regulations pertaining to alcohol and tobacco products, overseeing county property tax systems, and managing unclaimed property.

?We are pleased to have this opportunity to develop what I am sure will be a long term business relationship with the State of Georgia? said R.T. Cardwell, Chief Operating Officer, and 30 year receivables management executive. ?FAMS operates on providing the best possible solutions for our clients and partners. I think that the Department of Revenue?s requirements for this award validate FAMS? strengths and capabilities?.

Jon Nobles, Director of Corporate Services, and David Strout, Director of Operations will be spearheading this project for FAMS. Mr. Nobles was instrumental in the State?s selection of FAMS from a pool of over twenty bidders.

About FAMS:
Financial Asset Management Systems (FAMS) is one of the fastest growing, privately held, companies in the Receivables Management industry today. Headquartered in Atlanta, Georgia, FAMS offers Outsourcing, A/R Management, and Third Party Collection Services on National and Regional levels for the Government, Banking, Utility, Telecom, and Medical Industries. To learn more about how FAMS can increase your recoveries, Visit our website at www.FAMS.net, or email Jack Morris at j.morris@fams.net.