Commercial Collection Bureau Names New Chief Financial Officer

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 23, 2009 -- ST. PAUL, MN – January 23, 2009 – Commercial Collection Bureau, Inc. (“CCB”), the leader in innovative and effective commercial collection services, today announced that Cody W. Ayres has joined the company as Chief Financial Officer. Most recently, Ayres served as Chief Financial Officer of Grocery Shopping Network (“GSN”), a leading provider of premier content, software, and advertising services for supermarkets and consumer packaged goods companies.

Ayres brings over 10 years of expertise in financial and operations management of rapidly expanding companies in the technology and collection sectors. In his four years at GSN, Ayres was instrumental in securing over $10 million in debt and equity financing and managing the company’s 400% growth. Preceding his tenure at GSN, Ayres specialized in credit negotiations at a large commercial collection firm where he increased profits for all-sized companies through creatively solving outstanding account issues.

“Cody brings invaluable experience in the collection field to CCB. Additionally, his hands-on experience in growing businesses makes him uniquely qualified to help us expand our role as the leader in client-focused commercial collection services,” said Mark Olson, President of CCB.

“I am excited and honored to join a commercial collection firm that offers the best value to clients that I’ve ever seen. Through expertise and the use of technology, CCB is able to collect more money, quicker, at rates that are 1/3 less than the national average. I look forward to rolling up my sleeves and assisting in managing the rapid growth of the company,” said Ayres.


About Commercial Collection Bureau

Commercial Collection Bureau, Inc. (“CCB”) offers commercial debt collection services. CCB’s unique value proposition enables it to offer businesses a higher level of service than traditional collection firms while providing its clients with greater recovery percentages, lower costs, and faster returns. CCB offers its clients: pre-collection letter services, full third-party debt recovery solutions, accounts receivable outsourcing, legal facilitation, and collection training. For more information, please visit CCBureau.com or call 1-651-340-0730.

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