Collection Agency Expanding Employee Base 275% in 2005; New Call Center Opened

TrueLogic Financial Corporation, a leading consumer and commercial accounts receivable management company, is adding 115 employees by year-end bringing total headcount to 322. This represents a 275% increase for the year. To accommodate this growth, TrueLogic has opened a new call center in Englewood, CO that is four times the size of its previous call center. The new facility signifies TrueLogic’s continued commitment to its customers and employees.

“Our new facility supplies TrueLogic with the capacity to effectively respond to current and prospective customer needs,” said Paul Konkel, President and CEO. “The new office is truly state of the art and will allow TrueLogic to continue to implement its strategy of leveraging technology and analytics to drive efficiency and effectiveness on the call center floor.”

The company will be aggressively hiring staff throughout the remainder of 2005 and early 2006 to work in the new Englewood facility. Randy Sanson, VP of Operations, says, “The new office will provide our employees a work environment that is unmatched in the industry. Our current focus is to continue to identify and hire top talent, both at the call representative and management level to support our growth.” Once fully staffed, TrueLogic will be one of the largest employers in the Denver area providing account management services for charged-off accounts receivables.

About TrueLogic Financial Corporation
TrueLogic Financial Corporation is a premier accounts receivable management company that combines proprietary technology and analytics with a focus on employee satisfaction to meet and exceed customer expectations. The company specializes in charged off consumer and commercial credit cards, automobile and consumer loans, and telecommunication receivables.