Borden, Jones & Mitchell, LC agrees to transfer the management of their media clients' debtor accounts to Media Receivable Management, Inc.MIAMI, FL – Nov. 22, 2010
– Media Receivable Management, Inc. today announced the completion of an agreement to assume the collection operations of Borden, Jones & Mitchell, LC. The transaction was finalized on Wednesday, Nov. 17, 2010. The transfer of collection accounts accelerates and reaffirms Media Receivable Management's position as the leading collection agency for the media industry.
"I am pleased to transfer the collection operations of Borden, Jones & Mitchell to Media Receivable Management," said partner Steven Borden. "Their excellent reputation in the advertising debt recovery industry will ensure that our clients will continue to receive the outstanding service they have come to expect."
Co-Founder and President John Serafine commented, "Borden, Jones & Mitchell has done an outstanding job of bringing the outdoor advertising and newspaper markets to this very specialized field of advertising collections and of maintaining long-standing relationships with their clients. Our clients are primarily magazine and electronic-media publishers. The expansion of other media formats to our client roster positions us well for continued growth."
This week the company will begin executing the integration of the Borden, Jones & Mitchell accounts into their operations.
About Media Receivable Management
Media Receivable Management specializes in collecting media-related accounts receivable. The agency was founded in 2001 by media industry credit and collections veterans with experience in managing media-related accounts receivable in the United States, the Caribbean, Mexico, South and Central America, and Europe. The agency was born of their vision to provide the media industry with a specialized, highly effective alternative to the traditional collection agency. Media Receivable Management offers comprehensive collection services, including contingency collections and accounts receivable outsourcing, tailored to fit their clients' business objectives.