01.12.2009 10:49:00

Revenue Discovery Systems to Present Smart Government Award to Limestone County

Revenue Discovery Systems (RDS) announced today that it will present its inaugural Smart Government Award Dec. 7 to Limestone County, Ala. The presentation will take place at the Limestone County Clinton Street Annex.

RDS President Kennon Walthall will present the award to representatives from Limestone County, which was selected in the Public/Private Partnership category for its efforts to reduce resource use.

The 39th District Court and Limestone County Jail now utilizes video and document management technology to conduct remote electronic hearings, a practice that eliminates the need for transport of prisoners to hearings and reduces manpower and transportation costs to the county.

"This is an outstanding example of how public and private partnerships provide a technology solution that is reducing costs for county services. It is our pleasure to present the Smart Government award to Limestone County and its officials,” says Walthall.

The county deployed technology by Cabinet NG and Cisco Systems which allows new prison inmates’ preliminary trial hearings to be electronically conducted with the judge. The system also allows for safe and secure transfer of documents by the Sheriff’s Office and electronic signature by judges.

About the Smart Government Awards:

The Smart Government Awards were developed by RDS to recognize innovative governments and efficient programs in Alabama in six categories. Judges evaluated nominees based on efforts within the past five years to enhance growth and reduce waste in spending, time and resources, particularly regarding the environment.

About RDS:

Based in Birmingham, Ala., RDS is a government services company providing revenue enhancement support services to state and local government in the areas of tax administration, revenue discovery & recovery, and compliance audit examination.

Each year RDS processes billions of dollars in business taxes, licenses and fees and has simultaneously discovered and recovered millions in unpaid revenues. For nearly 30 years, RDS has been committed to delivering government solutions based on outstanding value, competitive pricing, exceptional customer service and compliance with the highest professional standards. RDS currently provides tax administration services for more than 450 state and local government clients and manages 700+ professional service contracts.

RDS is a wholly owned subsidiary of Portfolio Recovery Associates, Inc. (Nasdaq: PRAA). For more information, please visit www.revds.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward-looking statements include statements about the effect of our online interactive reporting system. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed 2/27/09 and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section of our Quarterly Report on Form 10-Q filed 11/6/08. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply. We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

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