Financial Asset Management Systems, Inc. to Open New Operating Center

Financial Asset Management Systems, Inc. (FAMS) today said they have signed an agreement to build out a State of the Art, 15,000 square foot operations and call center in North East Atlanta.

For each of the past two years, FAMS has experienced tremendous growth, nearly doubling in size each year. ?This new facility will not only allow us to keep pace with the explosive growth we are experiencing, but it will also allow us to add over 225 new collection and management jobs to the Atlanta employment market? said FAMS? President, T.M. ?Pete? Nance.

?This will be our fourth operating center, it?s a physical embodiment of our dedication to excellence for our clients? added R.T. Cardwell, FAMS? COO, ?This new center is a logical progression of the growth strategies we have set for ourselves, and in the goals we have set in recovering for our clients?.

FAMS? new facility is scheduled to open in Q4-2002, they are currently accepting resumes via email at career@fams.net , and at their NE Expressway operating center.

About FAMS:
Headquartered in Atlanta, Georgia, Financial Asset Management Systems (FAMS) is one of the fastest growing, privately held, companies in the Receivables Management industry today. FAMS offers both A/R Management and Third Party Collection Services on National and Regional levels for the Government, Banking, Telecom, and Medical Industries. To learn more about how FAMS can increase your recoveries, call Gary Turner or Jack Morris at 770-734-0554, or send an email to marketing@fams.net .