Atlanta, GA - August 14, 2006

Asset Management to expand operation

August 14, 2005

Asset Management Outsourcing, Inc., an Atlanta-based national debt recovery firm with eight locations throughout the United States, recently announced plans to expand its existing operation in Cleveland.

The initial phase of the expansion will require the immediate hiring of some 40 to 50 new employees from the Cleveland area, with the possibility of another 100 future positions becoming available once additional office space is acquired.

The Cleveland branch is currently located in the Village Green Town Center and will be moving to permanent space in close proximity to this location.

Mike Chamberlain, AMO’s president and chief executive officer, explained why the Cleveland workforce is so attractive.

“Our company has been successful in this community for years as a result of dedicated leadership, a strong work ethic and an abundant workforce,” Chamberlain said. “As we grow our client relationships, the need to expand rapidly becomes a competitive advantage, and we have found that the Cleveland labor market has untapped resources in the form of dedicated, quality individuals interested in learning and advancing their careers.”