NASHVILLE, Tenn. — After a year of multiple acquisitions,
restructuring and rebranding, Primeritus Financial Services celebrated the
company's 500,000th repossession assignment this week.

Primeritus Financial Services chief executive officer Chuck
Tapp reflected on the accomplishment and shared when he hopes the company will
hit its next milestone in connection with its recovery management, skip-tracing
and remarketing services.

"It's an exciting time. Right now, we are proud of our
progress and accomplishments over the last 16 months.  We are truly humbled that our clients believe
in us and helped us work through our transitions," Tapp said.

"Our management team is looking forward to doing even more –
to cement Primeritus as the mainstay among the elite repossession, skip and
remarketing service providers in our industry," he continued. "Our goal is to
celebrate our 1 millionth repossession assignment well before next July."

The company acquired seven different business units during
the past 12 months, restructured and rebranded these business units under the
Primeritus Financial Services umbrella, including

—Primeritus Recovery
—Primeritus SkipMasters
—Primeritus Transport
—Primeritus Remarketing

Furthermore, the company stated that it had made significant
improvements and investments into its agent network, technology and compliance
programs to differentiate themselves from competitors.

"There's an unquestionable sense of momentum and the
challenge now is to sustain this momentum," said Joe Mappes, executive vice
president of marketing, sales and service at Primeritus.

"The leadership team has done a tremendous job in creating a
culture in which the customer is truly at the center of everything we do, which
is why we are celebrating this 500,000th milestone," Mappes went on to say.

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