Debt Resolve Announces CEO Stan Freimuth Stepping Down

WHITE PLAINS, NY / ACCESSWIRE / April 26, 2016 / The Board of Directors of Debt Resolve Inc. (OTC Pink: DRSV) announced today that Stan Freimuth will be stepping down from his position as Chief Executive Officer effective May 15 2016. He will remain as a member of the Board of Directors of the Company and will continue in a consulting capacity to assist in the transition to his replacement, Bruce Bellmare, who will assume the new role as Chief Executive Officer on May 16 2016. Mr. Bellmare is currently Chief Operating Officer of the Company.

Bill Mooney, Chairman of the Board, said “We are sorry to see Stan step down. He has served the Company very well and has successfully brought it through the complex restructuring of its financials and business strategy and has set the stage for continued growth and eventual profitability. This is an amicable parting and we are very pleased that Stan will remain on the Board and will continue to stay involved in the Company’s activities.”

“We are fortunate to be able to make a smooth transition to Bruce,” said Stan Freimuth, “Who is highly qualified to assume this new role and has worked side by side with me during the Company’s successful transition to its new growth strategy.”

About Debt Resolve, Inc. (www.debtresolve.com)

Debt Resolve, through its Settl.it family of products (www.settl.com), provides original creditors as well as third party collectors with a patent-protected cloud based online bidding system for the negotiation and settlement of consumer debt, and solutions effective at every stage of collection and recovery. Debt Resolve’s majority owned joint venture, Progress Advocates LLC, provides document preparation services for federal student loan modification and consolidation. The Company is publicly held, with shares trading on the OTC Markets under the symbol DRSV and is headquartered in White Plains, New York.

Forward-Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company’s operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company’s reports filed with the SEC.

Investor Relations:

Rene Samson Debt Resolve, Inc.
rsamson@debtresolve.com
(914) 949-5500 x218

SOURCE: Debt Resolve Inc.

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