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Continental Central Credit, Inc. Announces the Consolidation of Its Ownership by Mr. Richard F Spielman

Press Release: Continental Central Credit, Inc. -
October 19, 2006
CARLSBAD, CA -- Continental Central Credit, Inc. is announcing the consolidation of its ownership by Mr. Richard F Spielman, now CEO of the closely held corporation, effective October 12, 2006.

Mr. Spielman states he believes the move will allow greater investment into the company, generating additional benefits for its clientele.

As a first result of the consolidation, a sister corporation has been formed - Fidelity Credit Services, Inc. This company will be utilized solely for collections of loans and mortgages on behalf of Vacation Ownership Developers and Owners' Associations who carry paper from sales of Intervals, Club Memberships, etc.

Continental Central Credit, Inc. is a collection agency based in Carlsbad, California that has specialized in the collection of Owner Association dues and maintenance fees for the past eighteen years. The company is a long time member of the American Resort Development Association and is currently a Trustee Member of that organization.

Mr. Spielman also notes the company will be relocating their offices within the city of Carlsbad in the middle of November, providing additional space to house the new company as well as for additional growth of Continental Central Credit.

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Contact:  
Robert Mark, 
Senior VP  
800-525-6000  
bobm@cccreditinc.com

Source: Continental Central Credit