Financial Recovery Technologies Acquires Cypress Settlements

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Acquisition Strengthens FRT’s Class Action Product Suite

Financial Recovery Technologies, LLC (FRT), a leader in securities class action recovery, today announced the acquisition of Cypress Settlements, a respected competitor in the claim filing industry founded by Patrick Horsman, Drew Lambert and Sean Brennan. Upon closing, all of Cypress’ clients and partners will have immediate access to FRT’s state of the art class action claims monitoring and filing platform, while FRT and its clients will benefit from Cypress’ industry knowledge and expertise.

“FRT is excited about the acquisition of Cypress," said Rob Adler, president of FRT. “We believe that this partnership will strengthen FRT, allowing us to further expand our market share and industry-leading presence. The Cypress brand is well-respected in the securities class action industry and FRT looks forward to servicing Cypress’ existing client base.”

“I am extremely proud of what Cypress has accomplished over the last six years, as well as being proud to partner with the industry’s leading provider in Financial Recovery Technologies,” said Patrick Horsman, Cypress’ Founder and Managing Partner.

“I am confident FRT will provide our clients with the technology platform, industry expertise, and dedicated leadership that will serve them best into the future,” said Sean Brennan, Cypress’ Director of Operations.

Terms of the deal are not being announced.

About Cypress Settlements
Cypress Settlements offers its clients a simple solution to a complex problem: how to stay on top of and maximize awards from securities class action settlements in which they have eligible claims. Cypress provides a fully automated, end-to-end claims submission system, utilizing our comprehensive database of current, pending, and historical class action settlements. For more information, visit cypressettlements.com.

About Financial Recovery Technologies
Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company (http://www.crosscountrygroup.com). For more information, go to http://www.frtservices.com.

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Christopher Higgins
Financial Recovery Technologies
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