Legal Network TRAKAmerica Names Senior Bank of America Leader As COO

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TRAKAmerica, the top performing legal network management company, announced today that Vincent Iacono has joined TRAKAmerica as Chief Operating Officer. Mr. Iacono, a former senior Bank of America Recovery and Risk Operations executive will have on-going responsibility for all TRAKAmerica operations, reporting to Co-Presidents Tom Milana and Tom Dalessandro.

Coming to TRAKAmerica gives me the opportunity to use my experience and recovery expertise to help TRAKAmerica achieve its ambitious goals. I'm thrilled to join TRAK and I am extremely optimistic about TRAKAmerica's future and the limitless potential for our company.

TRAKAmerica, the top performing legal network management company, announced today that Vincent Iacono has joined the company as Chief Operating Officer. Mr. Iacono, a former senior Bank of America Recovery and Risk Operations executive, will have on-going responsibility for all TRAKAmerica operations, reporting to Co-Presidents Tom Milana and Tom Dalessandro. "We are thrilled to have a person with Vinnie's talent and track record join our company," said CEO Thomas Milana. "With continuing growth comes an increasingly complex operating environment and Vinnie brings us the operating ability and experience that will ensure we continue to deliver for our clients as we continue to scale our company."

Prior to joining TRAKAmerica Mr. Iacono was the Agency, Legal and Asset Sale Executive for the Recovery and Risk Operations Division of Bank of America. He was responsible for managing the Bank's domestic post charge off collection agencies, legal firms, and asset sales as well as defense matters and line of business supply chain management. Additionally, he led the efforts of the bank's United Kingdom recovery operations. Mr. Iacono began his career at MBNA America in the Consumer Card collection department after graduation from the University of Delaware. While at MBNA he held increasingly senior positions in the Credit Collection and Recovery organizations prior to the company's acquisition by Bank of America.

"I've been privileged to spend the last 15 years working for one of the largest and most respected financial services organizations in the world," said Iacono. "Coming to TRAKAmerica gives me the opportunity to use my experience and recovery expertise to help TRAKAmerica achieve its ambitious goals. I'm thrilled to join TRAK and I am extremely optimistic about TRAKAmerica's future and the limitless potential for our company."

"Vinnie is an industry all star. His experience in decision-making roles for a top credit card issuer gives him a sophisticated understanding of and sensitivity to our clients' needs." said TRAKAmerica Co-President Thomas Dalessandro. "We are confident that Vinnie will help lead our operations to the highest level of client services and attorney management."

About TRAKAmerica
TRAKAmerica is a top performing legal network management company that has been able to recover millions of dollars, previously believed to be unrecoverable, for some of the most astute lenders in the world. The company's recovery success is built on a nationwide network of local attorneys, combined with a rigorous analytic approach to managing thousands of accounts. TRAKAmerica's FASTRAK model permits its attorneys to concentrate on the most suit-worthy accounts while its asset location skills and rigorous attorney management procedures ensure that each attorney follows the most statistically likely, cost effective path to recovery on every account. Since 2000, TRAKAmerica has won ongoing assignments from debt buyers, banks, finance companies, credit unions, auto lenders and others by delivering higher netbacks in a secure, compliant environment. Creditors or debt buyers who would like more information about FASTRAK or who would like to run a test file should contact Thomas Milana at 800.277.4431.

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Jeanne Zagursky

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