Global Debt Acquisition Company, LLC (GDR) Expands Leadership Team and Announces Expanded Role as CEO for Executive Chairman Mark Parsells

Global Debt Registry (GDR) is pleased to announce Executive Chairman Mark Parsells will expand his role within the organization by assuming dual responsibilities as Executive Chairman and Chief Executive Officer. Mr. Parsells is a seasoned senior financial services executive having run multi-billion dollar divisions for Citigroup, American Express, and Bank One; a start-up for AIG, Prudential and Kemper; and an early-stage company backed by private equity firms Bain Capital Ventures and Goldman Sachs. Mr. Parsells said, “As we continue to broaden our focus in new and existing markets it was critical for me to assume a more hands-on role with the GDR senior leadership team. The CEO position establishes a clearly defined point of decision-making that will enable GDR to capitalize on existing opportunities and accelerate the development and delivery of new products and services.”

GDR is also pleased to announce William P. Morrison, Jr. will be joining the senior leadership team as Managing Director of Marketing and Business Development reporting directly to Mr. Parsells. Bill comes to GDR with more than 18 years of financial services background in credit cards and retail banking. He served in senior executive roles with MBNA across numerous operational and business development areas both domestically and internationally with his most recent role as Chief Executive Officer of MBNA Spain. Following Bill’s time with MBNA, he joined Bank of America where he was the National Sales Execution Executive for 6,100 retail branches. Bill recently worked with SallieMae responsible for implementing and directing all new product development, direct marketing and business development activities for a new credit card product.

Additionally, GDR is pleased to announce the addition of Nancy Hirschbach as SVP of Sales and Business Development for Global Debt Exchange and Global Debt Registry reporting directly to Mark Parsells. Nancy comes to GDR with more than 7 years of extensive debt sales experience in the ARM industry. Ms. Hirschbach formally worked as VP of Business Development with CMAX and specializes in structuring debts sales strategies, pricing models, contracts, and promoting and protecting name brands and building markets for debt sellers across multiple asset classes.

GDR also is pleased to announce David Mertz will be joining the senior leadership team as Managing Director of Compliance, Privacy, and Risk, reporting directly to Mark Parsells. David brings more than 25 years of experience with information technology and compliance, privacy, and risk management. Mr. Mertz recently was President of his own consulting firm specializing in compliance, security, and risk in the ARM industry.

About Global Debt Registry

Global Debt Registry was founded in 1996 and is backed by a $5 Billion private equity fund. GDR’s customizable, patent-pending platform provides a comprehensive Data Integrity, Chain of Title, and Turnkey Document Management solution to the Mortgage and Accounts Receivable Industries. Our mission is to deliver significant consumer protections as well as measurable ROI benefits to all of our clients. For more information about Global Debt Registry please visit www.globaldebtregistry.com or contact Denis Concannon, Public Relations at 781.413.0002 or at dconcannon@globaldebtregistry.com.