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NORFOLK, Va. - (10/05/04) -- Portfolio Recovery Associates, Inc.,a collector of consumer loans, said it has acquired IGS Nevada,Inc., a privately held Las Vegas company specializing in assetlocation services. The $14 million deal was completed Friday, with$12 million of the purchase price in cash and $2 million inPortfolio Recovery common stock. Portfolio Recovery purchases,collects and manages portfolios of consumer loans.

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