Debt Settlement Company Announces New President

Columbia, MD, October 04, 2006 --(PR.com)-- Executives at Debt Shield, Inc., a Maryland-based debt settlement company, today announced Stephen Carrier as the company’s new president.

Carrier came to Debt Shield from GE Healthcare Financial Services where he served as both an underwriter and a Six Sigma Black Belt, a process improvement methodology made popular by GE.

In his former position, Carrier underwrote over $1.2 billion in commitments in a nine-month period, reduced the funding process error rate from 41 to 0 percent through customer feedback and created a quarterly reporting system for a $1 billion portfolio.

He is also credited with leadership positions and overseeing various finance projects for nationwide companies, such as Constellation Power Source and Nextel Corporation, and for the U.S. Navy.

“The systematic and disciplined approach to project management Stephen learned in a big business environment will strengthen his ability to guide Debt Shield’s future in the debt settlement industry,” said Debt Shield Founder, Phil Fewster. “His proven track record will definitely enhance our continued growth and commitment to delivering outstanding customer service to consumers who are struggling to pay their debts.”

Carrier received his undergraduate degree at the U.S. Naval Academy and spent the next six years as a commissioned officer in the Supply Corps, the Navy’s business branch focusing on finance, logistics and contract management. Carrier’s last assignment in the Navy was as the Supply Officer for the Naval Station in Annapolis where he was responsible for managing a $3.5 million budget and finished each year 2.5 percent under budget. He also increased the Naval Academy’s Executive Lodging Facilities’ net revenue by 200 percent in one year, turning a profit for the facility for the first time in two years.

“I’m thankful for the experiences I’ve been fortunate enough to have, and I believe what I’ve learned will add to the highly professional team at Debt Shield,” explained Carrier. “I’m looking forward to executing our mission to help consumers realize their dream of becoming debt-free.”

Carrier, who received an advanced degree in finance at the University of Maryland, says his local connections and networking abilities will also be an asset to the company.

“Steve’s diverse and accomplished professional background is impressive,” Fewster explained. “His leadership talents and his personal and down-to-earth demeanor make him the perfect fit for our company as he is a great role model and motivator in so many ways.”

In addition to Carrier’s impressive professional background, he was also the 1998 All-American Open Sparring Grand Champion for Tae Kwon Do.

About Debt Shield, Inc.

Debt Shield is a debt settlement company dedicated to helping consumers resolve their unsecured debt through mutually agreeable and discounted lump sum settlements in consideration of legitimate financial hardships. By helping consumers avoid bankruptcy, Debt Shield provides a service for both debtors and creditors. For more information about Debt Shield, call 1-888-397-7546 or visit the website at www.debtshield.com.

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