NCO Group Announces Settlement With the SEC

Sep 13, 2005, 01:00 ET from NCO Group, Inc.

    HORSHAM, Pa., Sept. 13 /PRNewswire-FirstCall/ -- NCO Group, Inc. ("NCO" or
 the "Company") (Nasdaq:   NCOG), a leading provider of business process
 outsourcing services, announced today that it has reached a final settlement
 with the Securities and Exchange Commission ("SEC"), concluding the SEC's
 investigation of NCO and certain of its officers.
     Without admitting or denying any wrongdoing, the Company has consented to
 the entry of an administrative order directing it to cease and desist from
 committing or causing violations of certain non-fraud provisions of the
 federal securities laws relating to financial reporting and internal control
 requirements, now and in the future.  NCO will not pay any civil monetary
 penalty in connection with the settlement.  The investigation did not lead to
 any sanctions being levied against any of NCO's officers.
     The SEC's previously disclosed investigation related to the Company's
 revenue recognition policy on a long-term collection contract, which it
 previously corrected in 2003, and the Company's revenue recognition policy
 regarding the timing of revenue recognized on certain cash receipts related to
 contingency revenues, which it corrected in the quarter ended December 31,
 2004.
     NCO Group, Inc. is a leading provider of business process outsourcing
 services including accounts receivable management, customer relationship
 management and other services. NCO provides services through approximately 90
 offices in the United States, Canada, the United Kingdom, India, the
 Philippines, the Caribbean and Panama.
 
      CONTACT:  NCO Group, Inc.
                (215) 441-3000
 
 

SOURCE NCO Group, Inc.