Atlanta, GA - January 3, 2006

Asset Management Outsourcing, Inc. announces the appointment of Ray Perez as Vice President of Business Development.

January 3, 2006

Dusty Whitesell, Senior Vice President of Business Development and Sales Management for Asset Management Outsourcing, Inc. (AMO) announced today that Ray Perez has joined the business development team to grow the company’s student loan and government space.

Perez joins AMO with 20 years experience in the student loan and government sector. His background will provide AMO with the knowledge needed to go to the next level in this strategic growth vertical. Perez will take immediate responsibility for generating new student loan and government business and will report directly to Whitesell.

‘Ray Perez was the clear choice to lead our strategic charge into the student loan and government sectors. His reputation in the industry is one of trust and service and our current student loan portfolio will provide an excellent foundation upon which Ray can build’ said Whitesell.

Ray Perez can be reached at 301-754-2042 or via e-mail at ray.perez@amorecoveries.com. Dusty Whitesell can be reached at 623-463-7798 or via e-mail at dusty.whitesell@amorecoveries.com.

Asset Management Outsourcing, Inc, with 6 offices across the country, is a leading outsourced provider of accounts receivable management services.