Bay Area Credit Service, LLC acquires TGA and expands commercial collections.

Bay Area Credit Service continues to grow strategically.

San Jose, California –Hands on Ventures, LLC. (HOV), a Santa Monica based investment and buyout firm with international holdings, announced today the acquisition of TGA, LLC (Todd Gieger Associates, LLC.), a commercial collection agency located in New Jersey.

The move follows a similar acquisition in 2003 of Bay Area Credit Service (BACS), a national consumer debt collection company specializing in telecommunication, medical and retail accounts. TGA will operate as a subsidiary of BACS.

“We are pleased to bring a respected player with a proven track record to our team,” said Sanjay Chitale, a member with HOV, who spearheaded the acquisition.

Todd started as a collector in 1991. His career took off immediately and he later served as Vice President of sales for a national commercial collection agency before the lure of entrepreneurship beckoned in 1998. That is when he founded Todd Gieger Associates and focused on commercial collection applications.

Today TGA’s client list includes national and regional businesses providing commercial services ranging from financial services to telecommunications to health care.

“I have always worked hard and been passionate about what I do,” said Gieger, who regularly puts in 16 hour days collecting accounts and keeping clients happy. Gieger directs his intensity at producing results for his customers. He said the partnership with Bay Area Credit will permit more time for marketing, his primary passion.

“I am looking forward to providing even better service,” Gieger said. With back office support and the advantage of increased capacity and technology supplied by Bay Area Credit, Gieger said “the timing couldn’t be better” to bring new collection products to the credit grantor community.

About Bay Area Credit Service

Bay Area Credit Service is a San Jose, California based debt collection and receivables management firm specializing in the telecommunications, health care and financial services industry. Founded in 1963, the organization specializes in first and third party customer care and collection operations in eight call centers and billing offices in the United States and India.

For more information visit: www.bayareacredit.com

About HandsOn Ventures

HandsOn Ventures is a Santa Monica, California based buyout firm with years of experience in acquiring and growing companies in the technology and services sector. HOV is both an opportunistic and a synergistic buyer and acquires profitable companies primarily in the service sector providing Financial Services and Financial Recovery Services, Consulting, Construction Management, Risk Management and Mitigation.