Collection Agency EMCC, Inc,. Aquires FINOVA Portfolio Services Inc.

BOSTON, MA – EMCC, Inc., a receivables management company located in Pembroke, Massachusetts, announced that it has closed on an agreement with FINOVA Capital Corporation of Scottsdale, Arizona to purchase the outstanding capital stock of FINOVA Portfolio Services Inc. (FPSI). FINOVA Capital Corporation is the principal operating subsidiary of The FINOVA Group Inc. (OTC: FNVG). FPSI, newly named Equiant Financial Services, Inc. (Equiant), will become a wholly owned subsidiary of EMCC, Inc.

“This acquisition helps strengthen EMCC?s and Equiant?s competitive positions both inside and outside of the United States,” said Stacey Schacter, EMCC?s CEO. Equiant will remain headquartered in Scottsdale, providing portfolio services for the resort industry, including payment processing, customer service, collections, reporting, and custodial services.

?Equiant and its employees have serviced FINOVA and other lenders and developers with an emphasis on customer service,? said EMCC President Arthur Levine. ?EMCC entered into this transaction with an eye towards expansion of these services to others inside and outside of the resort industry to leverage EMCC?s core competencies in complete receivables management.?

Since 1978, EMCC has provided receivables management solutions to the credit granting community and has become one of the nation?s leading purchasers and servicers of accounts receivable. Its products, technology, services, and corporate capacity give it the unique ability to provide innovative solutions for a broad range of clients in various industries. Resort Management International (RMI), a wholly-owned subsidiary of EMCC, specializes in providing collection services for the resort and vacation ownership markets. EMCC, RMI, and Equiant have offices in Pembroke, Mobile, Scottsdale, Las Vegas, and San Diego.

For additional information visit www.emccinc.com. For domestic resort enquiries contact Sherrie Dorsten, Senior Vice President, at 866-543-3622 or sdorsten@emccinc.com. International enquiries should be directed to Zaida Smith, Vice President, at 800-742-3954 or email zsmith@emccinc.com.