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 Simm News

02/12/08

SIMM ASSOCIATES, INC ACHIEVES ISO AND SAS70 COMPLIANCE

NEWARK, DE – SIMM Associates, Inc announced their completion of both the ISO Security Certification and SAS70 as of 2/12/08.

Tom Nusspickel, Director of Marketing and Client Services commented, “SIMM is dedicated to compliance and data security. While this process was long and tedious, it was beneficial to our internal processes as well as to our client’s interests.”

SIMM Associates, Inc. is a nationally recognized, privately held company that has provided accounts receivable management services to creditors and debt buyers since 1991. For more information on SIMM please contact Tom Nusspickel at or 302-283-2884 or tomn@simmassociates.com.

For Immediate Release 11/21/06

SIMM ASSOCIATES, INC OPENS NEW HEADQUARTERS

NEWARK, DE – SIMM Associates, Inc officially opened their new headquarters on Monday, November 20th.

“Our move to the new headquarters couldn’t have come at a better time”, comments Greg Simendinger, President and CEO of SIMM’s. “The new site provides a bright and open working environment for our employees and allows us to accommodate and continue our increased growth rate.”

The new building is over 32,000 sq. feet and will accommodate approximately 350 collectors. “We’re looking to add over 100 collectors to our staff within the next 4-6 months”, stated Jeff Simendinger, EVP and COO.

“We are continuing to add large, national clients to our list of phenomenal relationships and we look forward to growing while continuing to provide best-in-class results and client service” added Tom Nusspickel, Director of Sales & Marketing.

SIMM will hold a formal “Grand Opening Celebration” in the spring and expect to have all of their clients attend as well as several state and local officials.

SIMM Associates, Inc. is a nationally recognized collection firm specializing in delinquent accounts receivable solutions. SIMM’s handles bank and retail credit card, auto finance, private label, commercial, consumer loans and sub prime debt recovery. SIMM Associates, Inc. senior management staff has a combined 86 years of collection experience in the credit and collection industry. SIMM’s is a privately held company that has provided accounts receivable management services to creditors since 1991. SIMM’s was founded by Gregory L. Simendinger and Jeffrey S. Simendinger in Newark, Delaware. For more information on SIMM’s, please see their website at www.simmassociates.com or contact Tom Nusspickel at or 302-368-9422, ext 2184 or tomn@simmassociates.com.

For Immediate Release 06/12/06

SIMM ASSOCIATES, INC BREAKS GROUND ON NEW HEADQUARTERS
NEWARK, DE – SIMM Associates, Inc held an official groundbreaking ceremony on June 5th, 2006 to mark the construction of their new headquarters. The new building will allow SIMM to continue its unbelievable growth and continue to be a leader in the collection industry by employing a top-notch collection and management team.

“It’s a great day in our history as a company and a family”, comments Greg Simendinger, President and CEO of SIMM’s. “Our new site will be state-of-the-art and we’re very excited for our employees. It will be our new home and it’s literally the building blocks for the future of SIMM Associates.”

The new building will be over 32,000 sq. feet and will accommodate approximately 350 collectors. The building is expected to be completed by October 30th, 2006. “We’re looking to add over 100 collectors to our staff within the next 8-12 months”, stated Jeff Simendinger, EVP and COO. “We are continuing our tremendous growth and the new building is just the next step in our overall vision for the company.”

The groundbreaking was attended by several dignitaries’ including the Governor of Delaware, Ruth Ann Minner, New Castle County Executive Chris Coons, Director of Redevelopment Karl Kalbacher, Director of Economic Development Judy McKinney-Cherry, Councilman David Tackett, and Mr. Robert Cox of Wilmington Trust Company. Additionally, attending from SIMM Associates were Greg Simendinger, Jeff Simendinger, Brad Simendinger, Leslie Simendinger, Crystal Simendinger, Pamela Simendinger, Charles Boarman, Wendy Griffith, Dana Greene, Don Newcomb, Chuck Kim, and several Department Managers.

SIMM Associates, Inc. is a nationally recognized collection firm specializing in delinquent accounts receivable solutions. SIMM’s handles medical, credit card, auto finance, private label, commercial, consumer loans and sub prime debt recovery. SIMM Associates, Inc. senior management staff has a combined 86 years of collection experience in the credit and collection industry. SIMM’s is a privately held company that has provided accounts receivable management services to creditors since 1991. SIMM’s was founded by Gregory L. Simendinger and Jeffrey S. Simendinger in Newark, Delaware.

SIMM Associates Inc. Awarded GSA Contract; Can Pursue IRS Contract
August 9, 2005

SIMM Associates, Inc., a nationally operating collection agency based in Newark, Delaware, today announced it has been awarded a contract with the U.S. General Services Administration (GSA) to be included on Federal schedule 520-4, Debt Collection (520-4). GSA awarded a contract to SIMM Associates based on the firm's qualifications to include past performance and references, nationwide capabilities, and financial strength.

SIMM Associates (www.simmassociates.com) was founded in 1991 in Delaware and has grown since that time into a nation-wide collection agency, with approximately 225 employees.
"Based on our specific experience, we at SIMM Associates are excited to be included among the potential contractors who can now go after the IRS contract and other Federal contracts," said Tom Nusspickel, Director of Sales and Marketing. He continued, "This is also clearly an indicator to our current and potential clients that a choice for SIMM Associates is a choice for an industry leader recognized as such by the world's largest customer, based on our success for other large clients and our capabilities."

Working in conjunction with Net Gain Marketing (www.netgain4results.com) to complete the proposal development and contract negotiation process, SIMM Associates is now poised to compete for any Federal debt collection contract awarded to vendors listed among those pre-qualified by GSA, including any issued by the Internal Revenue Service and Financial Management Service under the Department of Treasury and the Department of Education.
Source: Company Press Release

Attention: Collection Industry Representatives
For Immediate Release 06/07/05


SIMM ASSOCIATES, INC WELCOMES FORMER MBNA EXECUTIVE
NEWARK, DE – SIMM Associates, Inc announced the addition of Charles (Charlie) Boarman to its executive staff. Charlie will assume the role of General Counsel for SIMM’s. “Charlie brings years of direct credit card management and knowledge to our company”, comments Jeff Simendinger, SVP and COO of SIMM’s. “By adding Charlie to
our staff we insure a commitment to our clients by strengthening our legal compliance with all Federal and State laws as well as internal compliance of corporate policies and procedures.”Charlie was with MBNA from 1986 to 2005 and managed in several departments including Sales, Marketing, Collections, Merchant Processing, and Group Management in the Wilmington, DE and Newark, DE locations as well as the Washington, DC and Baltimore, MD sites. Prior to his career with MBNA Charlie engaged in a private law practice in Maryland from 1979 to 1986 as well as serving as an Assistant County Attorney – Harford County, MD from 1979 to 1984. Charlie is a graduate of Dartmouth College and University of Baltimore School of Law and resides in Wilmington, DE.

SIMM ASSOCIATES, INC AND ADVANCED RECEIVABLE SOLUTIONS, INC. TO
MERGE; GROW DELAWARE COLLECTION SITE TO 200+ COLLECTORS

10/1/2004

Wilmington, DE – SIMM Associates, Inc announced its merger with Advanced Receivable Solutions, Inc. (ARS) The combined resources, experience, and technology of both companies will make SIMM’s a leader in the collection agency industry. ARS Owner Tom Nusspickel will assume the role of AVP of Marketing & Sales. “SIMM’s could not ignore the enormous opportunity that the merger offered everyone involved”, comments Jeff Simendinger, SVP and COO of SIMM’s. “ Tom bring years of client and agency based experience to SIMM’s, as well as an experienced collection staff and strong client contacts.”

Tom Nusspickel comments that “We were building our reputation in the industry at ARS, but the opportunity to merge with a strong agency such as SIMM’s was too great to pass up. We are excited about the potential that the combined companies represent and look forward to growing the company by adding our expertise to SIMM’s current, excellent staff.”

SIMM Associates, Inc. is a regionally and nationally recognized collection firm specializing in delinquent account receivable solutions. SIMM’s handles medical, credit card, auto finance, private label, commercial, consumer loans and sub prime debt
recovery. SIMM Associates, Inc. senior management staff has a combined 86 years of collection experience in the credit and collection industry. SIMM’s is a privately held company that has provided account receivable management services to creditors since 1991. SIMM’s was founded by Gregory L. Simendinger and Jeffrey S. Simendinger in
Newark, Delaware.