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ARM Firm Second Round, LP Secures Capital to Expand Debt Buying

Released September 15, 2010

Second Round, LP announced today that it has secured additional capital to support the growth of the company’s debt purchasing strategy. Second Round, LP is an Austin, TX based purchaser, collector and reseller of charged-off consumer debt.

“After successfully deploying the capital raised in our first fund, we are pleased to begin the process of investing this significantly larger fund. This fund will continue to support Second Round's upward trajectory and allow the company to significantly expand its business over the next several years.” said Rosson Richardson, VP of Business Development.

Since launching in 2008, Second Round has continued its profitable expansion in the market despite the downward trend in the economy. Second Round's unique blend of services and proprietary technology has led to improved efficiency and operational excellence.

Larry Vasbinder, CEO of Second Round LP further commented, “I am excited about the opportunistic nature of the charged-off debt market as a whole. Second Round's disciplined approach to debt buying, veteran management team and partnership management philosophy continues to outperform expectations in this challenging environment.”

About Second Round

Second Round, LP is a debt management company serving businesses nationwide. It provides consumer creditors the most efficient and effective liquidation engine for charged-off accounts in the industry.
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