Executive Change: James G. Brakke Appointed CEO and Co-Chairman of Debt Resolve

TARRYTOWN, N.Y. — Debt Resolve, Inc. (OTC: DRSV) (the "Company") announced today that James G. Brakke has become Chief Executive Officer and Co-Chairman of the Board of Directors of the Company effective immediately. David Rainey, who has served as interim-CEO and led the company’s recent reorganization, will remain as President and Chief Financial Officer.

Mr. Brakke is a Director of the Ronald Reagan Presidential Foundation, First Foundation Bank and Mission Hospital Foundation. Mr. Brakke was Founder and President of Brakke-Schafnitz Insurance Brokers, a multi-line commercial brokerage and consulting firm he co-founded in 1971 and which manages in excess of $250 million of insurance premiums with both domestic and international insurers. Mr. Brakke stepped down as President of Brakke-Schafnitz in 2009. He is a former member of the board of advisors for Pepperdine University’s Graziadio School of Business, Orange County Sheriffs and the Orange County YMCA and has served as director on the boards of Denticare, Pacific National Bank, Commercial Capital Bank, The Busch Firm, National Health Care Services and E-Funds. He currently also serves as a board member of a number of for-profit and non-profit institutions including Keller Financial Group, Cal Spas and Maury Microwave. Mr. Brakke is a graduate of Colorado State University with a Bachelor of Science in Business and Finance.