Thomas R. Sandler Joins SquareTwo Financial's Board of Directors

DENVER, Jan. 31, 2011 /PRNewswire/ -- SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announced that Thomas R. Sandler, former CEO of Thule Organization Solutions Inc. (formerly Case Logic Inc.), has joined the SquareTwo Financial board of directors.

Sandler served as CEO of Thule Organization Solutions, a $160 million consumer product provider with worldwide distribution in the U.S., Canada, Europe, Latin America and Asia, from 2004 to 2009. In this role, he led the company's financial and sales turnaround and had full responsibility for bottom-line metrics, including long-range financial planning, strategic planning, global product management, global operations and global financial process. Prior to that, he was president, Americas, for Samsonite Corp., from 1998-2004 and worldwide CFO and treasurer from 1995-1998. He held various positions during a 22-year career at KPMG in both the consulting and audit departments.

"Tom is a strategic leader with 37 years of experience in finance, marketing, sales, company turnarounds and global operations," said Paul A. Larkins, president and CEO of SquareTwo Financial. "He served as CEO, president and CFO overseeing highly complex business situations, and we are pleased to add someone with such an accomplished career as the ninth director on our board."

"SquareTwo Financial stands apart for its leadership in debt purchasing and asset management and is poised for further growth and advancement in this unique industry," said Sandler. "I look forward to working with Paul, his team and the other board members to shape the future direction of this innovative company."

Sandler earned a bachelor's degree in accounting from Ithaca College and a master's degree in accounting from State University of New York/Binghamton. He was treasurer and past president of the Travel Goods Association, a director for Bayaud Enterprises, past president of the Colorado Golf Association and a former rules official for the U.S. Golf Association.

About SquareTwo Financial:

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company's national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

SOURCE SquareTwo Financial