OSI Portfolio Services, Inc. Names New President

Stacey J. Schacter named to top position DULUTH, Ga., July 27 /PRNewswire/ -- OSI Portfolio Services, Inc. ofDuluth, Georgia, today announced that Stacey J. Schacter has joined thecompany in the role of President-Portfolio Operations. Schacter, an industry veteran, will be responsible for all day-to-dayoperations for this growing purchaser of domestic and internationalportfolios. "Stacey joins OSI at a significant time of growth for thecompany," stated Kevin Keleghan, President and CEO of Outsourcing SolutionsInc. "He brings to the position years of executive leadership and portfolioexperience from industry-leading organizations. Stacey's industry knowledgeand extensive business contacts will be invaluable to OSI as we continue toexpand the diversity of our business lines and create new markets for ourproducts and services," added Keleghan. Prior to joining OSI, Schacter was CEO of debt purchaser EMCC, Inc. anda partner in the law firm of Statman, Harris & Eyrich, LLC. "I have had thedistinct fortune of working with some of the best in the receivablesbusiness," Schacter said. "With OSI being supported by some of the largestfinancial institutions in the world, I am looking forward to working withthem to expand OSI's global presence and market leadership," stated the newPresident. As for Schacter's key goals for his new organization? He intends tocreate and carry the trends for the industry. Outsourcing Solutions Inc. (OSI) is the world leader in receivablesmanagement BPO and has over 50 years of experience and more receivablesclients than any other company. A key part of OSI is its ability to notonly service, but also purchase receivables through its portfoliosubsidiary, OSI Portfolio Services, Inc., which has been purchasing chargedoff receivables for over 14 years. With purchases in the billions and byservicing millions of accounts, OSI has achieved the status of one of thelargest receivables management companies in the world. For more information about OSI Portfolio Services, Inc. visit ourwebsite at http://www.osioutsourcing.com or contact Stacey Schacter at678-474-4022. For more information, contact: Lois Chauncey Senior Director-Corporate Communications 843-478-5314

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