Millennium Capital and Recovery Corporation celebrates 10-year anniversary

Nationwide recovery management company builds upon tradition of integrity, performance and accountability

HUDSON, OHIO – October 12, 2009 – Millennium Capital and Recovery Corporation has reached a milestone in 2009, celebrating its 10th year as a national leader in the collateral recovery management industry. Known for its value-added services, Millennium provides a one-stop solution for consumer lenders to recover collateral anywhere in the country.

 “When Millennium Capital and Recovery Corporation was founded in 1999, we had a very specific business model that was built around serving consumer lenders’ collateral recovery needs. Our objective was to provide recovery management services on a nationwide basis through a single point-of-contact at a fixed, determinable cost,” said Robert Bronchetti, president and CEO of Millennium. “Since then, we have grown significantly and have expanded our capabilities by providing greater value-added benefits to our customers.  Our core service was built upon a tradition of integrity, performance and accountability – coupled with a growing list of other benefits that enable our customers to further reduce overhead expenses and mitigate losses.”

Since its founding in 1999, Millennium has built a management team with more than 75 years of related experience in consumer lending, finance and collections.  Today, Millennium provides a full-range of services that include nationwide recovery management, skip tracing, impound negotiation, transportation and remarketing consultation. The company utilizes secure, state-of-the-art technology to provide customized reporting and seamless integration into its clients reporting systems.

“At every level in our organization we are driven to provide our clients the best possible results,” Bronchetti said. “We strive to stay on the leading edge of technology and to embark on continuous improvement initiatives that add value to our relationships. We are not only celebrating our 10-year anniversary, but we are celebrating the efforts and dedication of our employees who have contributed so greatly to the success of our company, as well as our loyal list of customers who have come to rely on our service and performance.”

Learn more about Millennium Capital and Recovery Corporation at www.mcrc.biz.

About Millennium
Millennium Capital and Recovery Corporation (MCRC) is the leader in the recovery management industry serving consumer lenders with either a national, regional or local presence.  The company provides repossession management and related services anywhere in the country through a single point of contact. A major factor in the company's success has been its Web-based technology, which works interactively 24/7 (real-time reporting) to complement its customers' reporting requirements related to their recovery operations. Headquartered in Hudson, Ohio, a suburb of Cleveland, Millennium is a privately held company. Learn more at www.mcrc.biz or call (877) 500-6272.

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