AllianceOne Acquires Nova Collection Services Ltd.

AllianceOne announces the acquisition of Nova Collection Services Ltd. (Nova), headquartered in New Glasgow, Nova Scotia.

Nova, a leading Canadian provider of accounts receivable services, has seven call centers across Canada. The company began in 1968 as an offshoot of an existing Canadian credit reporting company. Mr. Ted Bos, Nova?s founder, purchased the collections segment of the company in 1972, forming Nova Collections Services. Since that time the company has gone through a period of aggressive growth and currently services a broad based clientele in several key market segments throughout Canada.

Bob Mauch, AllianceOne Chairman and CEO, noted, ?the marriage of AllianceOne and Nova is consistent with both our acquisition and Western Hemisphere call center growth strategy. Nova will not only continue to grow their domestic business, but will also provide services to US markets.?

?This acquisition marks the beginning of another acquisition growth phase for our company, and we are pleased to start this process with such a well managed company?, said Terry Weikel, AllianceOne Senior Vice President of Corporate Development.

AllianceOne is a leading provider of receivables management and outsourced services to creditors in diverse markets. The Company follows a business model that balances strong organic growth with a measured acquisition program.

AllianceOne is the 9th largest company of its kind in the United States and is a pioneer in the development and deployment of word class call center capabilities. The purchase of Nova is consistent with the Company?s strategic plan that focuses on developing innovative alternatives for major credit grantors.