Phillips and Cohen Launches Titanium ORE Enterprise Software

Fairfax, VA, January 16, 2008 - CR Software, LLC (CRS), the leading collections solutions provider for collection agencies and corporate debt recovery departments, announced today that Westampton, NJ-based, Phillips and Cohen Associates, Ltd. (PCA) with offices in Canada, the United Kingdom, and throughout the United States, has successfully implemented Titanium ORE to run their entire collection operations. PCA is an industry leading collection agency that provides its clients with nationwide deceased account collection and servicing, pre-chargeoff collection, post-chargeoff collection, bankruptcy and litigation/arbitration management services.

Titanium ORE is a feature-rich, enterprise debt recovery solution, with the ability to scale to meet the needs of the world’s largest receivables management organizations. Titanium ORE’s state of the art architecture provides Phillips and Cohen the flexibility of a world class enterprise level collections platform with comprehensive security, auditability, and disaster recovery capabilities.

The Phillips and Cohen launch represents a true enterprise level implementation of the Titanium ORE system. CR Software, Chairman of the Board, Warren Dedrick, praised Phillips and Cohen on their confidence and vision in implementing the Titanium ORE platform. "It takes a rare visionary company, with visionary leaders, to invest in a system that they know is the future of collections software. We are honored to help forward thinkers like Phillips and Cohen Associates be on the leading edge of technology. With Titanium ORE we will continue to change the marketplace by being an integral part of the success of our customers."

"After extensive review of several leading collection software packages, we found that CR Software’s Titanium ORE was the only software able to fully meet the requirements of our clients today and in the future," said Howard Enders, President and COO of Phillips and Cohen Associates. "The conversion to a new system is never an easy process. However, this transition has been smooth and CR Software has been there for us every step of the way."

Titanium ORE (Open Receivables Environment) is an open system that can integrate via pluggable interfaces to predictive dialers, document management systems, electronic payment processors and other vendors utilized by collection enterprises. Designed to operate within a distributed and clustered environment, it is scalable to serve many thousands of concurrent online users working against terabytes of data. It features a Service Oriented Architecture (SOA), is built on top of the Java Enterprise platform and utilizes the best of breed open source and commercial components and frameworks available today. Titanium ORE is portable across operating systems, J2EE application servers, and relational databases.

About CR Software LLC

CR Software develops collection solutions that provide a high return on intelligence for a broad spectrum of Collection Agencies, Debt Buyers, Hospitals and Creditors ranging from the largest enterprise level collection environments to entry-level systems. Founded in 1984, CR Software has been setting the standard ever since for collections industry software systems. CR Software deploys, executes and supports hundreds of installations every year, with systems in the United States, Canada, Europe, Africa, Mexico, India and South America.