SAS Helps SquareTwo Financial Recover Charged-Off Assets Through Better Data Analysis

CARY, NC (Feb. 23, 2010) – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, selected SAS, the leader in business analytics software and services, to help make better real-time business decisions. Numerous variables affect the success potential of SquareTwo Financial’s business and a main concern was more effective and efficient data analysis paired with its unique asset recovery model to recover charged-off assets.

“Our rich repository of data and industry-leading analytic modeling is one of our strongest competitive advantages, and we need the ability to run very sophisticated models that are dynamic and scalable,” said L. Heath Sampson, Chief Financial Officer at SquareTwo Financial. “SAS is a leader in providing the solutions that help our talented analysts spend less time coding and more time testing and supporting business decisions.”

SquareTwo Financial plans to run SAS predictive technologies, SAS^® Enterprise Miner^TM and SAS^® Forecast Server, in a powerful grid environment to accelerate charged-off debt from red to black. Since the firm’s financial services business is data-driven, SquareTwo Financial can gain a significant advantage by using powerful analytics to turn internal and external data into accurate business information in real time.

“Although we will save multiple full-time employee hours because we can model better and faster, the real monetary benefit comes because we can make better business decisions on the revenue, which we expect to be in the millions,” said Sampson. “SquareTwo Financial believes all assets deserve a second chance, and with SAS in our arsenal and an innovative approach to recovery, our goal is to bring our customers’ assets back to black.”

SAS Enterprise Miner streamlines the data mining process to create highly accurate predictive and descriptive models based on analysis of vast amounts of data from across the enterprise. SAS Forecast Server generates large quantities of high-quality forecasts quickly and automatically, allowing organizations to plan more effectively for the future.

“With SAS, SquareTwo Financial will be able to discover the diamonds in the data that will help them continue to make the best possible business decisions,” said David M. Wallace, Global Financial Services Marketing Manager at SAS. “SquareTwo Financial’s staff can now accelerate asset recoveries with advanced analytical modeling and forecasting solutions from SAS.”

SquareTwo Financial employs a proven process-oriented approach to asset recovery, and highly sophisticated, technology-driven asset modeling and pricing. This allows the company to provide fast, accurate bids to customers, and a high probability portfolio recovery rate. Partners enjoy a well-structured relationship with the company, which provides the technology and tools to help them thrive.

“SquareTwo Financial provides a service that is more important to banks, health care organizations and corporations now than ever before,” said Wallace. “From its innovative, partner-driven business model, to its industry-leading focus on analytics and data modeling, SquareTwo Financial is a leader in the financial services industry. It is our pleasure to work with clients like SquareTwo Financial who share our commitment to sophisticated data analysis.”

About SquareTwo Financial

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. FORTUNE 500^® companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver. Visit www.squaretwofinancial.com for more information.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW^®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies.  Copyright © 2010 SAS Institute Inc. All rights reserved.

Editorial Contact:

Kris Balic
Kris.Balic@sas.com
919- 531-0624

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SquareTwo Financial Names Brian W. Tuite Chief Business Development Officer

FOR IMMEDIATE RELEASE

SquareTwo Financial Names Brian W. Tuite Chief Business Development Officer

DENVER, Colo. – February 16, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Brian W. Tuite as its chief business development officer. In this role, Tuite will oversee the company’s sales and acquisitions operations.

“Brian brings to SquareTwo Financial a wealth of business development experience gained over 17 years in senior sales leadership roles,” said Paul A. Larkins, SquareTwo Financial’s president and CEO. “Brian has a proven, results-oriented track record leveraging his broad base of skills, honed in a variety of sales, marketing and analytical functions. I look forward to working closely with him as SquareTwo Financial grows and diversifies bringing even greater advantages to the distressed asset industry.”

Tuite comes to SquareTwo Financial from Bank of America’s credit card division, where he served since the company’s acquisition of MBNA as a sales and marketing executive in the Affinity Card and Latin America credit card businesses. Previously, he spent 14 years in positions of increasing responsibility with MBNA, ultimately serving as senior executive vice president, customer marketing director and customer segmentation leader.

“I see an enormous opportunity in the marketplace for the expansion of SquareTwo Financial,” Tuite said. “I look forward to growing our existing relationships with many of the largest financial institutions in the country and making it possible for more financial services companies to tap into the power of our analytic modeling, technological innovations and unique Partners Network, which employs best-in-class strategies to drive asset recovery.”

Tuite has a bachelor’s degree in business administration from the University of Oklahoma.

About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

CONTACTS:

Cori Keeton Pope
Keeton PR
303-282-4981
cori@keetonpr.com

Stacey Hartmann
Keeton PR
303-880-8451
stacey@keetonpr.com

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SquareTwo Financial Names L. Heath Sampson Chief Financial Officer

DENVER, Colo. – February 8, 2010 - SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces L. Heath Sampson as its chief financial officer. In this role, Sampson will oversee all financial matters of the company, including financial planning and analysis, technical accounting, financial accounting, corporate controller, analytics, internal controls and payment processing.

“Heath comes to SquareTwo Financial with 16 years of senior financial leadership experience and a strategic mindset that will undoubtedly benefit our clients who need their distressed assets made whole,” said Paul A. Larkins, SquareTwo Financial’s president and CEO. “He is a dynamic and progressive executive who brings a laser focus to our industry-leading financial expertise in asset recovery.”

Sampson joined SquareTwo Financial from First Data Corp., where he was CFO of the $2.5 billion Financial Services subsidiary since 2008. He joined First Data in 2002 as vice president of risk, control and audit until 2006, when he was named CFO of First Data’s Integrated Payment Systems division, which was followed by his 2007 appointment as CFO of the company’s Innovative Payments Group. Previously, he was a senior manager in financial audit, business consulting and risk consulting at Arthur Andersen LLP, which he joined in 1994.

“I look forward to providing financial leadership to SquareTwo Financial as it sets an unmatchable pace in acquiring distressed portfolios from financial services companies and assisting businesses and individuals alike in restoring financial health,” Sampson said. “I am excited to be a part of an organization with such a passion for turning red assets back to black, especially at a time when the recovery of our economy is paramount.”

Sampson has a bachelor’s degree in accountancy and an MBA (accounting) from Denver University.

About SquareTwo Financial

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

CONTACT:

Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
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SquareTwo Financial Names Paul A. Larkins CEO

For Immediate Release

DENVER, Colo. – Feb. 2, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Paul A. Larkins as its chief executive officer.

In this expanded role, Larkins will oversee all aspects of SquareTwo Financial’s business of making distressed assets whole through industry-leading analytic modeling, award-winning technology and a pioneering Partners Network that works directly with individuals to remedy their outstanding debt.

A 25-year veteran of the financial services industry, Larkins will guide SquareTwo Financial’s consumer, commercial, healthcare and Canadian business lines as they acquire distressed portfolios from financial institutions and return those assets back to productive use.

“Since joining our team 10 months ago as president, Paul has propelled our organization into the most exciting phase of its 16-year history,” said Scott Lowery, SquareTwo Financial’s founder and chairman. “In this additional role of CEO, Paul will utilize his dynamic leadership style, deep industry knowledge and innovative ideas for even greater impact within both our organization and the financial services industry as a whole.” Larkins will continue as the company’s president.

Prior to SquareTwo Financial, Larkins served as president and CEO of Key National Finance, and executive vice president of KeyCorp. Key National Finance was comprised of Key Equipment Finance, Key Auto Finance, Key Education Resources, Key Recreation Lending, Key Home Improvement and Key Payroll Online. Larkins joined Key in 1993, and was a member of the Executive Council of KeyCorp (parent company). Before joining Key, Larkins worked for USL Capital and IBM in regional and national capacities.

“Now, more than ever, managing charged-off assets is extremely important to our clients, which are primarily banks and financial services companies,” Larkins said. “I am excited to have the opportunity to lead our team as we help our clients find ways to give assets a second chance utilizing our unmatched analytics, operations and innovative technology applications to drive asset recovery. I am confident we will continue to set ourselves apart from the competition with our unique Partners Network and its proven, scalable business model.”

Larkins received his Bachelor of Science degree in Economics and Business Administration from St. Mary’s College of California. Additionally, he is a graduate of the Institute of Leasing Management at Columbia University and the Stonier Graduate School of Banking at the University of Delaware. Larkins serves as a member of the board of the Leeds School of Business at the University of Colorado at Boulder.

About SquareTwo Financial:

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

CONTACTS:

Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com

Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com

SquareTwo Financial, Formerly Collect America, Unveils New Name and Look

For Immediate Release

Denver, CO -- December 16, 2009 -- Collect America is pleased to announce its transformation into SquareTwo Financial. The company’s new name, and accompanying cutting-edge look, marks yet another innovative move in the company’s 15 year history as a leader in the asset management and recovery industry.

The new name, SquareTwo Financial, is symbolic of how the company views the value of charged-off assets. SquareTwo helps alleviate its customers of a failing portfolio, and give new life to it by returning those assets back to productive use. Ultimately, it’s about moving away from square one and restarting in a better place, at square two.

“In my 15 years as the head of this company, I can’t recall being so excited about our future,” said Scott Lowery, Chairman and CEO of SquareTwo Financial. “Never before have charged-off assets meant so much to our customers, and our new branding is a statement of how serious we are about continuing to give new life to their assets.”

“It’s a common notion that everything begins at square one. For us, SquareTwo Financial is a literal expression of what a charged-off asset can do, which is to begin again,” said Paul Larkins, President of SquareTwo Financial. “SquareTwo Financial believes all assets deserve a second chance, and with our unmatched analytics and modeling and innovative approach to recovery, we’re fully equipped bring our customers’ assets back to black.”

Since it was founded in 1994, SquareTwo Financial has set itself apart from the competition. The company established the industry’s first Partners Network, primarily made up of lawyers. It employs a proven process-oriented approach to asset recovery, and highly sophisticated, technology-driven asset modeling and pricing. This allows the company to provide fast, accurate bids to customers, and a high probability portfolio recovery rate. Partners enjoy a well-structured relationship with the company, which provides the technology and tools to help them thrive.

As part of the rebranding effort, the company unveiled a new website, www.squaretwofinancial. All of the SquareTwo business lines are now united online, and can be found in the same place. SquareTwo Financial and its subsidiaries maintain the same list of expansive products and services. The company’s contact information and addresses remain the same.

About SquareTwo Financial

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, bank and credit card industries trust SquareTwo to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visitwww.squaretwofinancial.com for more information.

Contact:

Rick Roth

Chief Marketing Officer

SquareTwo Financial

303.713.2231

rroth@squaretwofinancial.com

SquareTwo Financial Receives 2009 Best of Business Award

FOR IMMEDIATE RELEASE

Small Business Commerce Association’s Award Honors the Achievement

SAN FRANCISCO, November 7, 2009 -- SquareTwo Financial has been selected for the 2009 Best of Business Award in the Adjustment and collection services category by the Small Business Commerce Association (SBCA).

The Small Business Commerce Association (SBCA) is pleased to announce that SquareTwo Financial has been selected for the 2009 Best of Business Award in the Adjustment and collection services category.

“We are so pleased to receive this award from the Small Business Commerce Association because it highlights the company’s innovative approach to charged-off assets,” said Paul Larkins, President and CEO of SquareTwo Financial. “This award is a testament to our industry leadership and unique approach to revitalizing these assets.”

The SBCA 2009 Award Program recognizes the top 5% of small businesses throughout the country. Using statistical research and consumer feedback, the SBCA identifies companies that we believe have demonstrated what makes small businesses a vital part of the American economy. The selection committee chooses the award winners from nominees based off statistical research and also information taken from monthly surveys administered by the SBCA, a review of consumer rankings, and other consumer reports. Award winners are a valuable asset to their community and exemplify what makes small businesses great.

About Small Business Commerce Association (SBCA)

Small Business Commerce Association (SBCA) is a San Francisco based organization. The SBCA is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. In addition to our main goal of providing a central repository of small business operational advice; we use consumer feedback to identify companies that exemplify what makes small business a vital part of the American economy.

About SquareTwo Financial

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, bank and credit card industries trust SquareTwo to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.

SOURCE: Small Business Commerce Association

CONTACT:

Rick Roth
Chief Marketing Officer
SquareTwo Financial
303.713.2231
rroth@squaretwofinancial.com