CHICAGO, August 11, 2011 – Today ReposDirect.com, a subsidiary of Renovo Services, LLC announced the successful remarketing of a vehicle via the virtual online marketplace from its secured storage lots.

"Our mission is to offer our clients the utmost in flexibility and value in all aspects of the recovery and remarketing business, " said Kevin Flynn, Chairman and CEO of Renovo Services. "Offering the ability to remarket vehicles from our secured storage lots in the online marketplace will give our lenders fewer days to sale, lower costs on vehicle transportation with less opportunity for damage, while giving dealers immediate access to a greater depth and breadth of inventory. Through IRIS, our industry leading operating system and the ReposDirect.com platform, we now have that ability and we are happy to begin to offer it to our clients. We put the system into production on Monday and sold our first car on Tuesday."

ReposDirect.com has initially partnered with two vendors in the online space and is committed to being platform agnostic. "The flexibility of our system helps our clients maximize their efficiency while maintaining nationwide consistency and quality of execution" said Flynn. "We will continue to grow and offer our clients the opportunity to list their vehicles in other virtual marketplaces as they come online."

For more information please visit www.ReposDirect.com.

About Renovo Services, LLC

Renovo Services, LLC, is the vehicle transition industry's most fully integrated single
source solution to the financial services industry with the following brands: ACCIS
Solutions, Allegent Recovery, Skip Pros, Compellum, and ReposDirect.com. Renovo
Services covers the entire delinquency process by offering recovery management,
direct repossession, skip tracing, and collection services. ReposDirect.com, our online
auction marketplace, will launch in summer 2011. For more information on Renovo
Services and The Renovo Companies visit us at renovoservices.com. You can find
Renovo on Facebook at facebook.com/renovo.services or follow us on Twitter
@Renovoservices.

For more information, contact: Scott Kolb, CAI SVP, Customers p: 615-762-2204.