Vengroff, Williams & Associates Names Robert Williams as Chairman of the Board

GARDEN GROVE, CA--(Marketwire - February 19, 2008) - Vengroff, Williams & Associates, a global provider of receivable management and business process outsourcing solutions with more than 3000 worldwide customers, today announced that it has named Robert G. Williams as Vengroff, Williams & Associates' chairman of the board. With more than 30 years of finance and accounting outsourcing industry experience, Williams brings extensive operational and leadership expertise to his role, as well as a deep understanding of the global BPO market, as he has been instrumental in guiding the company's growth in the EMEA regions. As chairman of the board, Williams will provide the mentorship and executive support necessary for Vengroff, Williams & Associates' continued expansion.

With Williams at the helm as chairman, Harvey Vengroff officially takes on the title of founder of Vengroff, Williams & Associates. In 1963, Mr. Vengroff established Vengroff, Williams & Associates and over the course of the past 45 years, the company has grown to include more than 1000 employees throughout the world.

Most recently, Williams was CEO at Vengroff, Williams & Associates, responsible for managing the company's EMEA development, most significantly as an outsourcing partner with a major international entertainment company across 11 European countries with a staff of 120 persons responsible for all facets of the business process and IT developments as related to credit operations.

Williams started with Vengroff, Williams & Associates in 1980 as a salesman based in the company's Houston office, after a decade-long tenure with the Estee Lauder Cosmetic Company. After securing major customers in the Texas market in the early 80s, Bob was transferred to Vengroff's Los Angeles office to expand the Southern California territory. During the mid 80s, Bob was promoted to National Sales Manager, and headed the national sales effort until 1987. He managed a leveraged buyout of Robert Weiss, then one of Vengroff's major partners and became President/Partner in late 1987, based in the corporate headquarters in New York City.

During a time of explosive growth of the company during the 90s, Bob held the position of COO/CFO and managed the growing enterprise with other senior managers as Vengroff, Williams & Associates expanded to nine operating companies. In 2000, founder Harvey Vengroff semi-retired from the operating companies, while still holding the title of Chairman of the Board, to devote his full attention to the company's substantial and growing real estate enterprise, and Bob was promoted to CEO of Vengroff, Williams & Associates. In 2003, Bob lead Vengroff's expansion into the European market after securing a major contract and six new operating companies were established to support this new market.

"We are very pleased to have Robert Williams as chairman of the board. His track record of successfully leading Vengroff, Williams & Associates as a growth company is a perfect fit for our needs at this stage," said founder Harvey Vengroff. "Our brand has been built over the last 45 years on three basic premises: people, process and technology. His leadership over the years has significantly contributed to the creation and sustainability of a culture that clearly demonstrates pride, dedication, entrepreneurialism and a strong client centric mentality throughout the organization."

About Vengroff, Williams & Associates, Inc.

Founded in 1963, and with $23 billion under its management, Vengroff, Williams & Associates is a leading provider of receivables management business process outsourcing (BPO) solutions for Fortune 1000 companies such as Ford Motor Company, Federal Express, Kodak, Microsoft, Yamaha and others. Applying state-of-the-art proprietary information systems, best practice work flow and people to realize cost reductions, operating efficiencies, and improved process design, VWA's approach enables clients to easily insource or outsource all or part of the quote-to-cash function. Solutions are customized to each client's requirements or expanded to incorporate specialized tools and SAS 70 compliant processes and procedures. Services include full order to cash processing, third party collections, EIPP systems, deduction management, dispute management, auto cash solutions, front-end risk mitigation, and tax resolution. VWA has been named a Top 21 enterprise-level FAO service provider by FAO Today Magazine. To learn more about VWA, please visit www.vwainc.com or telephone (866) 393-4892.

Contact Information: Editorial Contacts: Beth Trier Trier and Company for VWA 415-285-6147 Email: beth@triercompany.com Robert Sherman Vengroff, Williams & Associates, Inc. 714-889-6202 Email: robert_sherman@vwainc.com