Amerix Corp., a wholly owned subsidiary of Ascend One Corporation, is based in Columbia, MD.

Amerix-serviced consumer credit counseling agency clients represent more than $4 billion of unsecured debt balances. These agencies service more than 200,000 active clients.

Every month Amerix enables the movement of more than 1.2 million client payments, worth more than $95 million, to creditors on behalf of its credit counseling agency clients.

Each month Amerix’s proprietary technology enables the agencies it serves to handle more than 50,000 prospective calls and more than 100,000 service-related or counseling-related calls.

Since its beginning in 1997, Amerix technology has enabled credit counseling agencies to help more than 3 million people get back on solid financial footing.

Ascend One Corp. is the recipient of the 2002, 2003 and 2004 Workplace Excellence Seal of Approval from the Maryland Work-Life Alliance. It is also the recipient of the James W. Rouse Diversity Award from the Chesapeake Human Resources Association.

About Consumer Debt

Since 2000, the average U.S. household consumer debt (non-mortgage) has increased from approximately $8,500 to $18,700. (Federal Reserve Statistical and U.S. Census Bureau data)

American consumers filed a record 2 million personal bankruptcies in 2005.

A bankruptcy in a credit history will usually either eliminate the ability to get credit or make the credit very expensive in terms of fees and interest rates for the consumer. Bankruptcies generally stay on a credit report for up to 10 years.

Debt management programs provide an alternative to personal bankruptcy and establish a process for individual consumers to consolidate debt payments, repay creditors on time and receive education on budgeting and money management.