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RMG Appoints Two New Directors

Appoints Two New Directors to the New Zealand Operating Company,
Receivables Management (NZ) Limited

Monday July 10, 2000: Receivables management and credit information company Receivables Management Group Limited announced today the appointment of two key senior executives to its New Zealand Board.

Stuart Christie has been appointed Director, Business Support and Development and Bob Garters Director, Operations and Finance. They join RMG CEO Paul Cooney on the New Zealand Board.

Mr Christie will be responsible for marketing, business development, IT and administration for the group’s New Zealand operations. Prior to joining Receivables Management he was Managing Director of Debtor Management (NZ) Limited and College Credit Management Limited. He has also held a number of senior marketing positions in BHP Steel and was a Director of BHP subsidiaries in New Zealand and Australia. Mr Christie acquired Debtor Management (NZ) Limited in 1998 and 50 percent of College Credit Management Limited in 1999. In addition to his role at Receivables Management, Mr Christie is Vice President of the Associated Credit Bureaux NZ Inc and is a member of the NZ Credit and Finance Institute Inc.

Mr Garters will assume responsibility for finance, collections and ledger management in New Zealand. A 31-year veteran of the industry, he has a strong combination of industry experience and knowledge. Most recently Mr Garters served as Director of Canterbury Credit Consultants, Northern Credit Consultants, Otago Credit Consultants and College Credit Management Limited. He was a founder and Director of the previously publicly listed Creditcorp Services Limited. Mr Garters is an Associated Fellow of NZ Institute of Management and is also a member of the NZ Credit and Finance Institute Inc.

Commenting on the announcement, Mr Cooney said the appointment of Mr Christie and Mr Garters will add considerable strength to the company’s senior management team. “We are delighted to have secured Stuart and Bob for these pivotal roles. They are both experienced commercial operators and have proven credentials in the debt collection business. The Receivables Management team looks forward to working with them to position the New Zealand operating company as the New Zealand leader in the expanding receivables management market.”


Editors’ notes:
About Receivables Management Group Limited

Receivables Management Group Limited is the first Trans-Tasman company to offer an integrated range of receivables, debt management, and credit reporting under a single umbrella. The company was formed by the merger of a number of receivables management companies in Australia and New Zealand. Services include traditional debt recovery and receivables management, credit information and database management services, debt purchasing, factoring, ledger management and complete outsourcing of a company’s receivables function through leading edge internet-enabled technology.

For further information contact:

Paul Cooney
Telephone +613 9205 0711
Mobile +61 419 561 161

Botica Conroy & Associates
Michael Bartrom
Telephone +64 9 303 3862
Mobile +64 (0)21 403 503

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