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GREG SHELTON NAMED AS PRESIDENT AND CEO OF CAPITAL CROSSING

ATLANTA, GA - Mar. 26, 2003 /Send2Press Newswire/ -- Capital Crossing announced today that it has named Greg Shelton as President and CEO. Mr. Shelton has more than 30 years experience in credit and collections on both the creditor and the agency sides of the industry.

"Offshore receivables management will be the most significant shift in the collections industry over the next five years," Mr. Shelton said. "I am very excited to join Capital Crossing, which is already serving both US and Asian clients from an operating center in the Philippines."

"Capital Crossing is clearly directed toward the strategic values offered by blending significant offshore operating efficiencies and benefits coupled with US expertise," he said. "This approach offers both our customers and partners an opportunity to realize improved performance and economics."

Mr. Shelton comes to Capital Crossing from eDebt, Inc., the leading online exchange for buying and selling debt, where he served as President. He previously founded Asset Management Outsourcing (AMO), and under his leadership AMO became one of the largest receivables management companies in the US. In 1995, Mr. Shelton co-founded Outsourcing Solutions, Inc. (OSI), which led the wave of consolidation in the collections industry and became the largest privately-held receivable management company in the industry.

Mr. Shelton began his career with Bloomingdale's and Bergdorf Goodman. After 15 years in retail credit management, Mr. Shelton joined CitiGroup as Vice President and National Recoveries Director and was responsible for a $4.5 billion recovery operation, managing more than 100 agency relationships. After CitiGroup he joined Nationwide Credit as President of Banking and Retail. Mr. Shelton is a graduate of Baruch College/The City University of New York.

Mr. Shelton succeeds Edward Chen, who co-founded Capital Crossing with Transnational Diversified Group, a leading Philippine services company. Mr. Chen will remain with Capital Crossing, leading the company's corporate development activities and serving on the board of directors. "I am so pleased to have recruited Greg for this position," he said. We are fortunate to be able to benefit from his experience and leadership in building industry-leading companies."

About Capital Crossing

Capital Crossing provides offshore accounts receivable management services, including1st party and 3rd party servicing and collection services for credit grantors, debt buyers and outsourcing services for corporate accounts receivable departments. Capital Crossing's offshore operation, based in Manila, Philippines, serves both North American and Asian clients. Through offshore labor economics, advanced collections techniques, and a state-of-the-art call center facility and telecommunications network, Capital Crossing enables clients to realize improved performance and economic results. Capital Crossing, 1810 Peachtree Industrial Blvd., Suite 200, Duluth, GA 30097.

More information about Capital Crossing is available at http://www.capcrossing.com.

URL: www.capcrossing.com

Source of news: Capital Crossing