Millennium Capital and Recovery Corporation® Appoints Senior Vice President and COO

HUDSON, OHIO, March 3, 2012 -- Millennium Capital and Recovery Corporation® (MCRC) is pleased to announce the appointment of Steven G. Todd as Senior Vice President and Chief Operating Officer. In this position, he will be responsible for the operating activities of the Company as well as national sales.

“Since joining Millennium in 2009 as Vice President - Market Strategy, Steve has made a significant contribution to our sales effort and the professionalism of our organization. His understanding of the repossession industry, past management experience and demonstrated commitment to the core values and principles under which we operate make him well qualified to be successful in this position,” stated President and CEO Robert J. Bronchetti.

Prior to joining Millennium, Mr. Todd was formerly Vice President, Business Development for a leading global career management and leadership consulting company. Formerly, he had a lengthy career as a sales executive with Kraft/Nabisco Foods. Todd earned a MBA from the University of Dallas.

About Millennium Capital and Recovery Corporation® (MCRC)
Millennium Capital and Recovery Corporation® (MCRC) was founded in 1999 and is a leader in the recovery management industry serving consumer lenders on a national basis. 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. Headquartered in Hudson, Ohio, a suburb of Cleveland, Millennium is a privately held company. For information, please visit www.mcrc.biz or call (877) 500-6272.

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