Financial Recovery Technologies Names Robert I. Adler President

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Former CCBN President, Co-Creator of StreetEvents & Reg FD Products to Drive Focus on Services for Investors and Hedge Funds; Founder David L. Bedard to Lead New Growth Initiatives

Financial Recovery Technologies LLC (FRT), the leader in class action settlement recovery, today announced that Robert I. Adler has been appointed President. David L. Bedard, founder of FRT and former President, will lead a new venture related to FRT’s core business.

Mr. Adler’s appointment is designed to further strengthen FRT as the industry leader in helping investors maximize recovery from securities class action settlements and position the company for future growth. Over the last four years, FRT has become the provider of choice for some of the largest investment firms in the world, including 5 of the top 25 hedge funds in the U.S.

Under Mr. Adler’s direction, FRT plans to enter new U.S. markets, expand internationally, and introduce new products. “Rob has a great vision for the company,” said Mr. Bedard. “His successful history of building world class applications that improve investor efficiency will ensure a tremendous future for FRT.”

Mr. Adler will be responsible for the strategic vision, operations and overall management of an industry-leading team with proven expertise at recovering assets for eligible investors in securities class action settlements. Utilizing proprietary technology and processes backed by state-of-the-art data security, FRT helps institutional investors identify eligibility, file claims, and collect more funds than they typically can recover on their own. To date, the business has processed over 1.5 billion transactions, recovered tens of millions of dollars for clients, and uncovered numerous recoveries that competitors missed.

“David has done a great job creating a solid foundation for the business and positioning the company for success,” said Mr. Adler. “I am thrilled to be working with FRT’s exceptional team to help our clients maximize their recovery efforts. I look forward to helping the industry evolve, driving the next level of growth for the company, and continuing to provide exceptional service to our clients.”

Mr. Adler is an experienced, hands-on, entrepreneurial leader with a track record of success and a history of innovation. Over twenty years he has co-founded four technology companies, and remains an active advisor, investor, and mentor for several Boston-area growth companies. Previously, Mr. Adler co-founded CCBN and served as its President from the company’s inception in 1997 until its sale to Thomson Financial in 2004. CCBN was a pioneer in enabling direct communications between public companies and the investment community over the Internet. The company’s popular StreetEvents product offered a calendar of events for professional investors and became a staple on the desktop of the investment community. CCBN brought many Web-based and compliance-related innovations to market, including live webcasting and full-text, real-time transcription of thousands of corporate earnings call every quarter.

“We’re grateful to David for his leadership and his hard work in building a successful business,” said Howard L. Wolk, Chairman of FRT and Co-President of The Cross Country Group, of which FRT is a member company. “We are excited to welcome Rob and we look forward to him bringing his passion for excellence to FRT.”

About Financial Recovery Technologies
Financial Recovery Technologies is a technology-based services firm that helps institutional investors identify, file claims and collect funds made available in securities class action filings. Offering the most comprehensive range of securities class action filing services available, the firm excels by providing best-in-class eligibility analysis, disbursement auditing and client reporting, and by delivering the highest level of accuracy, accountability and transparency available. For more information, please visit http://www.frtservices.com.

About The Cross Country Group
Headquartered in Boston, Massachusetts and privately held, The Cross Country Group (CCG) and its member companies provide best-in-class technology-enabled service programs across a broad spectrum of industries, including automotive, insurance, financial services. CCG’s companies serve hundreds of corporate clients and their 75 million customers each year. For more information, visit http://www.crosscountrygroup.com.

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