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DebtXS™ Tops the List of Fastest-Growing Companies in Texas

DALLAS TEXAS - May 22, 2005 – DebtXS L.P., an Addison-based debt negotiation company, took the highest spot among Debt Settlement Texas companies that were ranked by Entrepreneur Magazine’s list of fastest-growing U.S. companies.

Entrepreneur magazine's Hot 100 list examines annual sales, initial investment, growth and other factors to distinguish the fastest-growing companies in the nation.  Qualified companies were founded no earlier than 2000, had annual sales of more than $1 million in 2004 and have a founder with a controlling interest in the company, who is actively involved in day-to-day operations.

About Entrepreneur Magazine

The 11th Annual Hot 100 listing of fast-growing new businesses was compiled with assistance from D&B, a provider of global business information, tools and insight. Entrepreneur collected information and financial statements from up-and-coming entrepreneurial companies pulled from D&B’s massive database. Then, Entrepreneur measured each company’s sales growth from the date of inception, listing the businesses in growth order.

Each company that was considered for Entrepreneur’s Hot 100 list was founded no earlier than 2000, had more than $1 million in annual sales for 2004 and has a founder with a controlling interest in the business who is involved in daily operations. For the complete story and listing, pick up a copy of the June issue of Entrepreneur magazine, available on news stands May 25th.

For more than 25 years, Entrepreneur magazine has been the leading authority dedicated to empowering entrepreneurs worldwide to start and grow successful companies. More than 2 million readers turn to Entrepreneur every month (MRI, Fall 2004) for cutting-edge ideas to help them grow and improve their businesses.

About DebtXS™

DebtXS is a recognized leader in the debt settlement/negotiation industry and was recently ranked number 17 on Entrepreneur magazine’s Hot 100 list of the fastest-growing companies in the United States.

DebtXS was founded by Ken Talbert in 2002 after identifying a need for company that would empower consumers, with honorable alternatives to bankruptcy, through the personalized and proven services of debt negotiation.  DebtXS has grown exponentially and now has more than 150 employees, serving more than 12,000 clients and settling more than $2.5 million in consumer debt each month.

As the industry grows and matures, a steadfast approach will make certain that settlement/negotiation becomes a permanent option for the consumer who is burdened with consumer debt and is facing financial hardship.  DebtXS actively works with USOBA and other organizations to promote the debt settlement/negotiation industry, as well as to draft new standards and legislation to help consumers.

Sources:

Web site: www.bizjournals.com - (click to view article)

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