Unifund representing owner in immediate sale of approximately $3.0 billion credit card portfolio of over 1 million accounts

 Portfolio analysis and segmentation will yield national files of great interest to debt buyers and collection agencies.

 Cincinnati, OHIO - July 16, 2007 - Unifund today announced that it will be acting as advisor and manager for sales on a large portfolio of approximately $3.0 billion, consisting primarily of consumer credit card accounts.  The portfolio consists of over 1 million accounts and is a consolidation of paper, which the prior and current owners purchased from several creditors over the past 5+ years and is considered "indirect" paper, as opposed to being direct from issuers.  Preview files and diagnostic overviews of the indirect portfolios will soon be made available to qualified buyers of charged-off receivables.  Unifund has recently begun sales discussions with a limited number of buyers on the first portfolio.

 Additional portfolios will be created and offered in the coming weeks.  Registered and approved bidders can receive additional detailed information and portfolio evaluation information directly from Unifund.  Interested buyers who would like to be added to the pre-registered prospective buyer list should visit www.unifund.com/indirect_reg

 No other information was released at this time.  Additional information is expected to be released within the next few days.

 About Unifund

Unifund is one of the country's leading purchasers, sellers and managers of under-performing and distressed consumer receivables.  Unifund offers sellers an opportunity to unlock the value of their dormant delinquent receivables and offers buyers the opportunity to acquire accounts which best fit their business models and geographic servicing capabilities.  Unifund's management experience and expertise allows business partners to leverage unique cababilities and capacity which increases their own return on investment.

 Unifund, offering a fresh perspective on the regenerative nature and recovery of distressed debt.