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CORRECTING and REPLACING First Collection Services Inc. Depends on LexisNexis Accurint SureContact for Increased Collections; Company Saw Immediate Increase in Right Party Contacts Resulting in Higher Recovery Rates

CORRECTION...by LexisNexis

BOCA RATON, Fla.--(BUSINESS WIRE)--June 30, 2005--Fifth graph, second sentence should read: "Our initial tests have demonstrated that customers like First Collection Services, Inc. will differentiate themselves in the industry by using this product." (sted "Our initial tests have demonstrated that customers like International Computer Systems will differentiate themselves in the industry by using this product."). Also, the only contact for this release should be LexisNexis, Kristina Grammatico, 248-545-7731, kristina.grammatico@lexisnexis.com (removed contact information for Creative Response Concepts).

The corrected release reads:

FIRST COLLECTION SERVICES INC. DEPENDS ON LEXISNEXIS ACCURINT SURECONTACT FOR INCREASED COLLECTIONS; COMPANY SAW IMMEDIATE INCREASE IN RIGHT PARTY CONTACTS RESULTING IN HIGHER RECOVERY RATES

First Collection Services, Inc., an Arkansas-based collections agency specializing in telecommunications collections, said today that recovery rates have significantly increased since the company began using the new Accurint SureContact(TM) product from LexisNexis(R), a leading provider of legal, news and business information services.

"Accurint SureContact is an incredible leap forward for skip tracing - the amount of phone numbers returned is just amazing," said Chris Dunkum, vice president of operations at First Collection Services, Inc. "Using Accurint SureContact, we are seeing a higher right-party contact rate, which is translating into increased recovery and a shortened collections cycle."

A challenge faced by the collections industry is that research shows that approximately 35 percent of delinquent debtors move annually, and half of all accounts received for collections require some form of skip-tracing. At any given time, billions of dollars in consumer loans are in delinquency.

Built on proprietary Accurint(R) data-linking technology, Accurint SureContact cleans debtor account information, and then matches it against multiple nationwide databases. Accurint SureContact provides multiple points of contact from a single query, and helps eliminate unproductive call attempts by identifying bankrupt and deceased individuals.

"Accurint SureContact delivers a high rate of right-party contacts," said Dane Mauldin, Vice President of Collections Solutions for LexisNexis Risk Management business unit. "Our initial tests have demonstrated that customers like First Collection Services, Inc. will differentiate themselves in the industry by using this product."

The debt collection industry plays an important role in the American economy. The billions of dollars recovered are injected back into the economy and to merchants, which helps to save businesses and jobs. The debt collection industry also benefits consumers. Industry research has shown that by returning money owed to U.S. businesses, the collection industry saves American families on average $331 a year in money they otherwise would have spent if businesses raised their prices to cover losses to bad debt.

About LexisNexis

LexisNexis(R) (www.lexisnexis.com) is a leader in comprehensive and authoritative legal, news and business information and tailored applications. A member of Reed Elsevier Group plc (NYSE:ENL)(NYSE:RUK) (www.reedelsevier.com), the company does business in 100 countries with 13,000 employees worldwide. In addition to its flagship Web-based Lexis(R) and Nexis(R) research services, the company includes some of the world's most respected legal publishers such as Martindale-Hubbell, Matthew Bender, Butterworths, JurisClasseur, Abeledo-Perrot and Orac.

For more than 30 years, LexisNexis has been a pioneer in secure data sharing, information policy, and personal privacy. Through its risk management flagship products, Accurint(R), Banko(R), PeopleWise(R) and RiskWise(R), LexisNexis helps to locate people, authenticate identity, enable commerce, conduct background screening, and support national security initiatives. Customers include almost every Federal Government agency, the top 100 law firms, and Fortune 500 companies in the fields of national security, financial services, collection and recovery, insurance, telecommunications, e-commerce and retail.

LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. InstantID and RiskWise are registered trademarks of RiskWise L.L.C. PeopleWise is a registered trademark of PeopleWise LLC. Banko is a registered trademark of LexisNexis Public Records Services Inc. Accurint is a registered trademark and SureContact is a trademark of LexisNexis Risk Management Inc. Other products or services may be trademarks or registered trademarks of their respective companies.

Accurint SureContact is not a consumer report, as that term is defined in the Fair Credit Reporting Act (FCRA) and may not be used for purposes permitted by the FCRA.

Contacts

LexisNexis
Kristina Grammatico, 248-545-7731
kristina.grammatico@lexisnexis.com