Press

Irvine, California, October 19, 2004 – Press Release

Apollo Enterprise Solutions, LLC ("Apollo") today announced the launch of its Intelligent Debt Settlement™ ("TrueCollect™ ") product line. Apollo will be featured during the Industry Innovations Sessions at Thomson Media’s 13th Annual Credit Card Collections Conference, Thursday October 21st, 2004, in Phoenix AZ. Apollo's TrueCollect™ system allows creditors to extend offers to debtors and allows debtors the ability to settle their debt online by choosing a settlement offer customized to their current debt situation.

Utilizing sophisticated Decisioning Intelligence™ technology, Apollo's TrueCollect™ system uses information obtained from a debtor's credit report to offer the debtor a settlement offer that works best for them. "Apollo's TrueCollect™ system will revolutionize the way a debtor and creditor interact," says Christopher Imrey, President of Apollo. "By allowing the debtor to select the best offer that works for them, creditors are able to dramatically reduce the cost of collecting accounts and simultaneously provide the debtor with a non-hostile resolution process."

Mr. Imrey will be introducing the latest technology innovations for Debtor Self Settlement™ at the Phoenix event. Apollo’s Intelligent Debt Settlement™ system represents the next evolution in enterprise-class hosted solutions for primary creditors, collection agencies, debt buyers and legal recovery firms.

According to Mr. Imrey, “The TrueCollect™ system is truly the first application of its kind to leverage existing software platforms and network infrastructure, while integrating real-time bureau scoring tools, credit reports and customer account data to deliver realistic settlement offers, payment options and negotiating tools to the debtor. By incorporating an integrated third party payment processing solution and a robust accounting tool set, we are now able to offer the first truly end-to-end, fully integrated solution for Debtor Self Settlement™.”

Apollo anticipates that its TrueCollect™ system will provide much-needed relief for debtors vs. current collection practices, while increasing both recovery and visibility for delinquent and charge-off accounts.

Apollo enterprise solutions will be exhibiting in Booth #538 at Thomson Media’s 13th Annual Credit Card Collections Conference, October 20 - 22, 2004, at the JW Marriott Desert Ridge Resort and Spa, Phoenix AZ.

About Apollo Enterprise Solutions

Apollo Enterprise Solutions, LLC, headquartered in Irvine, California, provides enterprise-class hosted solutions for a variety of industries. Its patent-pending Decisioning Intelligence™ engine delivers powerful solutions to multiple verticals in the receivables management, credit and collections industry. Apollo's Intelligent Debt Settlement™ System extends the receivables and collections process to the privacy of the debtor's home/office through an Internet browser.