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FOR IMMEDIATE RELEASE:


Creditek and the National Association of Credit Management – Carolinas, Inc. Announce Alliance

Creditek extends 5% discount to NACM – Carolinas’ members.

Parsippany, NJ August 3, 1999 – Creditek, LLC, headquartered here, the industry leader in accounts receivable and revenue management, announced they will extend a 5% discount on outsourcing services to all NACM – Carolinas’ members effective immediately.

"NACM is a great organization that really works hard for their members. So, when they wanted to offer their members something special, they called Creditek. We’re not just extending a 5% discount to their members; what we’re really giving them is the opportunity to potentially recover hundreds of thousands of dollars!", exclaimed Creditek’s VP, Tom Corbett. And that’s just what Creditek does for their Fortune 500 and middle market clients nationwide.

"After thorough and extensive research on Creditek, our Board of Directors are extremely comfortable with their expertise in the financial services field, particularly receivables outsourcing and consulting. We’re very proud to be associated with Creditek and highly recommend their services", states Rod Beard, NACM – Carolinas’ President.

About NACM – Carolinas, Inc

The National Association of Credit Management – Carolinas, Inc. was organized in 1950 and is a member-owned, not-for-profit organization whose members are business credit grantors in manufacturing, wholesaling, service industries and financial institutions. NACM provides services in many areas, including dispute resolution, business credit reports, commercial collections, fraud prevention, and credit consulting. NACM – Carolinas is an affiliate of the National Association of Credit Management, one of the largest and oldest professional organizations in the world.

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