BIRMINGHAM, Ala. – JULY 20, 2010 – The City of Fairhope, Alabama has contracted with Revenue Discovery Systems (RDS) to provide a comprehensive sales/use tax administration program for the City. 

RDS is a wholly owned subsidiary of Portfolio Recovery Associates, Inc. (Nasdaq: PRAA). For more information, please visit www.revds.com. 

Under the agreement, RDS will begin administering local taxes as of Aug. 1, 2010, with a due date of Sept. 20, 2010. RDS also will be charged with the compliance of local sales/use taxes, including auditing of taxpayers deemed non-compliant under state law. 

“For the past 14 years, RDS has performed tax administration services for several hundred municipalities,” said Kennon Walthall, president of RDS. “We look forward to continuing our relationship as we begin this partnership with the City of Fairhope.” 

RDS will mail notifications to taxpayers at the end of July. There is also a toll-free number (800.556.7274) for taxpayers to call with any questions concerning tax remittance and a complete Frequently Asked Questions section under the Taxpayer area of the RDS Web site. 

“The City Council felt this change in tax collection agencies will give us a quicker turnaround in revenue collection at a definite cost-savings for the City,” said Gregg Mims, city administrator of the City of Fairhope. “The local presence of RDS will, hopefully, ensure better compliance and bring with it a stronger tax base.” 

Taxpayers still will have the opportunity to remit their taxes online through the RDS online payment portal at www.click2file.net. 

About the Smart Government Awards: 
RDS developed the Smart Government Awards to recognize innovative governments and efficient programs in Alabama. The Approval Committee evaluates nominees based on efforts to enhance growth and reduce waste in spending, time and resources, particularly in regards to the environment. 

About RDS: 
Based in Birmingham, Ala., RDS is a government services company providing revenue enhancement support services to state and local government in the areas of tax administration, revenue discovery and recovery, and compliance audit examination. 

Each year, RDS processes billions of dollars in business taxes, licenses and fees and has simultaneously discovered and recovered millions in unpaid revenues. For 30 years, RDS has been committed to delivering government solutions based on outstanding value, competitive pricing, exceptional customer service and compliance with the highest professional standards. RDS currently provides tax administration services for more than 450 state and local government clients and manages 700+ professional service contracts. 

Media Contact: Tanya M. Madison, Vice President, Corporate Communications, Portfolio Recovery Associates, 757-961-3525, tmmadison@portfoliorecovery.com