Milestone Venture Partners Invests in Collections Marketing Center

NEW YORK--(Business Wire)--
Milestone Venture Partners, an early-stage venture capital firm, today announced
that it has invested in Collections Marketing Center, Inc. ("CMC"). Milestone
led the Series B financing, which is CMC`s first institutional round of funding,
and was joined by the Delaware Economic Development Office. As a result of the
financing, Morgan Rodd, General Partner of Milestone, will join CMC`s Board of
Directors.

Delaware-based CMC provides a multi-channel collection and loss mitigation
platform - web, e-mail, text messaging, voice and letters - that enables
creditors to reach and engage borrowers more effectively, thereby increasing
payments and decreasing delinquencies and charge offs. The CMC platform is the
only fully-integrated platform in its market, and it is deployed as an
outsourced service that integrates with a creditor's existing collections
infrastructure. CMC generates revenue through a subscription model based on the
number of accounts managed by its platform. Currently, CMC is managing over 7
million accounts across its client base.

The investment in CMC marks the twelfth investment that Milestone has made out
of its current fund, Milestone Venture Partners III. CMC also represents the
second financial services technology investment Milestone has made in the past
year.

"We invested in CMC because its multi-channel, self-service approach to debt
collections and loan loss mitigation has the opportunity to revolutionize the
way creditors engage with their customers, thereby decreasing delinquencies and
defaults," said Morgan Rodd, General Partner of Milestone. "In fact, CMC`s
existing customers are already seeing an improvement in their ability to manage
risk, alleviate potential loan losses and strengthen communications and
relationships with their account holders."

"We are pleased to have Milestone as an investor and delighted to have Morgan
Rodd join our board," said Vytas Kisielius, CEO of CMC. "Because of Milestone`s
deep domain expertise in financial services technology and strong track record
of funding successful technology-enabled business services companies, we chose
to work with Milestone because we believe they will add significant value to CMC
as we continue to build the company."

About Collections Marketing Center

Collections Marketing Center pioneered the industry`s first fully integrated,
multi-channel, adaptive collections service to maximize cost-performance. The
FlexCollectSM platform combines advanced technology, a marketing focus and
responsiveness to changing consumer behavior to optimize results for creditors
in their credit risk and default management operations.

CMC easily customizes applications to process many types of debt, including
credit cards, home equity loans, mortgage payments, healthcare receivables, and
telecom and utility bills. For more information, visit
www.collectionsmarketingcenter.com.

About Milestone Venture Partners

Milestone Venture Partners, located in New York City, is an early-stage venture
capital fund with $70 million under management. Milestone`s investment strategy
is focused on capital-efficient, technology-enhanced services businesses in the
Greater New York region. Areas of expertise include media and marketing
services, healthcare IT, and financial services IT. For more information about
Milestone, visit www.milestonevp.com.

Milestone Venture Partners
F. Morgan Rodd, 212-223-7400
fmr@milestonevp.com

Copyright Business Wire 2009