VENGROFF, WILLIAMS & ASSOCIATES, INC. ANNOUNCES Further expansion into the Home Entertainment Market

VWA Contracted To Provide Accounts Receivable Services To Microsofts Xbox Division

IRVINE, CA (PRWEB) October 8, 2004 -- Vengroff, Williams & Associates, Inc. (VWA), A global leader in the receivable management services, today announced it has entered into an agreement to provide receivables solutions to manage the Domestic receivables for Microsofts Xbox Division. The transfer took place on July 1st and is being managed out of VWAs Reno office.

VWAs flexibility, Industry reputation, and willingness to set up a dedicated operations center close to Microsoft were the major factors in the decision making process," said David Kaminsky, Worldwide General Manager of Credit and Collections for Microsoft.

The acquisition of this project will create 27 new positions within the Reno location with extensive room for expansion. The VWA executives selected to manage the facility has experience in managing similar operations in the US and Europe.

VWA takes great pride that we were able to meet Microsofts needs and to build upon the longstanding relationship between our two companies," said Mark Vengroff, Chief Executive Officer of VWA.

Commenting further Kaminski said, I am pleased with the smooth transition and that at the end of the first month of operation the VWA teams performance exceeded his expectations."

About VWA

Vengroff Williams & Associates, Inc. is a global leader and innovator for the receivables management industry. With more than 40 years of experience in asset management, the company is able to implement more sophisticated strategies to meet customer needs. The company offers a myriad of services such as third party collections, credit investigations, liquidations, factoring, billing, outsourcing and other financial services.

To learn more, visit us at www.vwainc.com.

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