STOCKHOLM, Sweden, Nov. 15, 2002 (PRIMEZONE) -- Intrum Justitia (Other OTC:INJJF) (Stockholm:IJ), with operations in 21 European countries, and D&B Receivable Management Services (D&B RMS) with offices in the United States, Canada, Mexico and Hong Kong, signed an exclusive multi-year strategic alliance to provide receivables management services for each other's clients on a global scale.
Initially, Intrum Justitia and D&B Receivable Management Services will provide reciprocal cross-border servicing and customer service. Over time, the two companies expect to offer further products and services. The agreement will enable Intrum Justitia's clients to have their U.S., Canada, Mexico and Hong Kong receivables handled by D&B Receivable Management Services. In turn, D&B Receivable Management Services' clients will benefit by having their European accounts handled by Intrum Justitia.
"We are pleased our alliance with D&B Receivable Management Services will provide Intrum Justitia's clients with expert receivables management services and strong results on a global scale," said Bertil Persson, acting CEO of Intrum Justitia. "In addition to receivables management services, both companies have committed to cooperating on product development and marketing initiatives. I also expect us to be able to strengthen our complete outsourcing offer."
David Huebner, President & CEO, D&B Receivable Management Services added: "D&B RMS and Intrum Justitia are a natural fit -- two world-class organizations with complimentary products, services and geographical synergies. This alliance represents a tremendous value proposition for our customers, providing best in class receivables management services virtually anywhere in the world."
For additional information, please contact:
Intrum Justitia AB D&B Receivable Management Services Anders Antonsson, Investor David Caruba, Communications Relations Director Tel: +46 8 546 10 206 Tel: +1 484 242 6821 Mobile: +46 703 36 78 18 Mobile: +1 908 347 0154 E-mail: a.antonsson@se.intrum.com E-mail: carubad@dnb.com
Intrum Justitia is Europe's leading Receivables Management Services Group. The Group has revenues of over SEK 2.3 billion and has about 2,600 employees in 21 European countries. Intrum Justitia's objective is to be a leading provider of RMS in Europe through excellence in local client care, ledger administration and debt collection and by measurably improving clients' cash flow and long-term profitability. The Group offers efficient high quality management of commercial and consumer receivables in all phases in the RMS process. Intrum Justitia has a growth strategy and aims to take active part in consolidating its industry. Intrum Justitia is listed on Stockholmsborsen, the Stockholm Exchange, ticker IJ. For more information, please visit www.intrum.com
D&B Receivable Management Services headquartered in the United States (Bethlehem, Pennsylvania) with operations in the U.S., Canada Mexico and Hong Kong, is a leading global supplier of receivables management services. D&B Receivable Management Services provides customers a continuum of services from electronic bill presentment, receivable outsourcing, traditional collections, bankruptcy services, and deductions management. The company operates under a strategic alliance with D&B. For more information about D&B Receivable Management Services, visit www.dbrms.com.
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