DEBT RESOLVE, INC. (OTCMKTS:DRSV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 26, 2019, Bruce E. Bellmare, our Chief Executive Officer and Acting Chief Financial Officer, indicated his intention to step down from those positions on June 30, 2019, after having led our company for the past three years. Mr. Bellmare will also step down as a director of the Company, and become a consultant to the Company to assist in a successful management transistion.
A search has been initiated to find Mr. Bellmare’s successor. The Company will make an additional announcement at that time.
Raymond A. Conta remains CEO of Student Loan Care LLC, the Company’s majority owned subsidiary.
About DEBT RESOLVE, INC. (OTCMKTS:DRSV)
Debt Resolve, Inc. is engaged in providing software solutions to consumer lenders or those collecting on consumer loans using a Software-as-a-Service (SaaS) model. The Company’s solutions facilitate Web-based payments or the resolution of delinquent or defaulted consumer debt. The Company markets its services primarily to consumer banks, collection agencies, collection law firms and the buyers of defaulted debt in the United States. The Company offers its service as a SaaS model, enabling clients to introduce this collection or payment software option with no modifications to their existing collections computer systems. Its products capitalize on using the Internet as a tool for communication, resolution, settlement and payment of delinquent or defaulted consumer debt and as part of a complete accounts receivable management solution for consumer creditors. The Company offers Debt Resolve Solution and Settl.it.