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Consumer Bankruptcy News

26 October, 2009

CIN Legal Data Services Propels Growth with EMC and VMware

HOPKINTON, Mass. - October 26, 2009

EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced that CIN Legal Data Services has upgraded its EMC storage infrastructure with EMC business continuity and VMware virtualization solutions to enable its continued rapid growth, better secure valuable data assets, and significantly lower IT infrastructure operating costs.

Lee Midkiff, Chief Executive Officer, said, "Law firms, like many businesses today, are looking for ways to increase profits through reduced costs. Because our solutions dramatically shrink the time and expense of collecting and organizing data for legal procedures, our customer base has increased from 2,500 to more than 7,000 law firms in only three and a half years. EMC has been the core backbone of our growth strategy during this period and now with this latest upgrade, we're able to enter our next phase of expansion."

CIN Legal Data Services, the country's premier provider of information and due diligence services to the consumer bankruptcy market, stores all of its business-critical applications, including Microsoft SQL Server-based data warehouses, email, Windows Server Active Directory, billing, finance and sales operations data, on its extensive EMC CLARiiON networked storage infrastructure. To design and implement the EMC and VMware solutions, CIN Legal Data Services worked with EMC Global Services and Eastern Computer Exchange, Inc., a leading distributor of enterprise storage, backup tape, security and network solutions, as well as related services.

"Risk mitigation is huge for us because our value proposition is rooted in our services' being instantly available at all times," said Midkiff. "Not only would we experience significant monetary loss if we were down for an hour, we would lose credibility with clients which would create the risk of losing even greater long-term revenue from those clients. In our current environment, we now know our data is safe and we could resume operations within 20 minutes with very limited downtime. All the while, we would have the experts from EMC, Eastern and VMware here with us if something drastic happened."

To strengthen its business continuity environment, CIN Legal Data Services implemented VMware ESX Server virtualization software to consolidate 15 physical servers to six servers running 30 virtual machines that are stored on EMC CLARiiON. Additionally, the company deployed EMC RepliStor software to replicate the CLARiiON storage in the primary datacenter to a CLARiiON AX4 located 75 miles away at a new remote site; EMC Replication Manager software to create Virtual Machine and application consistent replicas of production data; and EMC Navisphere Management Suite software for simplified storage management.

With virtualization, CIN Legal Data Services avoided the purchase of 12 servers for the disaster recovery site, resulting in significant savings for the project. Additional savings were realized through the removal of certain power requirements within the back-up data center. If the firm had not virtualized or deployed remote recovery, it estimates that it would have needed 15 UPS battery back-up units instead of only four as well as two additional staff members to manage the larger, tape-based recovery environment. Combined with operational savings realized through the use of virtualization at its primary data center, the staff savings are calculated to have resulted in a 31% decrease in annual information technology expense.

"Being able to grow rapidly puts additional revenue in our pocket while allowing us to take the associated savings and invest those straight back into the business," said Midkiff. "Needing only three servers instead of 15 for our remote site also made disaster recovery a lot more economical and feasible than it would have been in a non-VMware environment."

Previously, it would take the company two days of full-time work to implement a new server that complied with Payment Card Industry Data Security Standard (PCI DSS) Level 1. With VMware, a new server can be perfectly configured in 24 minutes.

Ray Brown, Director of IT, CIN Legal Data Services, said, "With VMware, we can lose a server and have our virtual machines automatically move over to another server without skipping a beat. For all that to happen and not even know about it is a huge time savings and reliability boost."

About EMC

EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.

Press Contacts

Patrick Cooley
508-293-6583
cooley_patrick@emc.com

12 October, 2009

CIN Legal Data Services To Sponsor National Association of Consumer Bankruptcy Attorneys' (NACBA) Inaugural Golf Tournament

Dayton, Ohio, October 8, 2009 - CIN Legal Data Services has announced that it has once again signed on as the primary tournament sponsor for the National Association of Consumer Bankruptcy Attorneys' (NACBA) fall golf tournament. Held the day preceding the NACBA's Fall 2009 Bankruptcy Workshop, the event will take place in Tucson, AZ, at the Arnold Palmer Signature Golf Course on Thursday, November 5th. This popular event is open to all attendees of the fall workshop.

Commenting on the tournament sponsorship, Russ Russell, Chief Customer Officer of CIN Legal Data Services said; "This is the third time our organization has been the primary sponsor of an NACBA golf tournament. Each outing to date has been a successful means by which to bring members of the industry together in a casual sporting environment on a great golf course. We expect this event in Tucson to continue that tradition and look forward to seeing our customers out on a phenomenal course situated in a desert setting."

Clients of CIN Legal Data Services interested in participating in the golf tournament should contact Josh Bingham, CIN Legal Data Services Account Manager, at 866-218-1003 ext. 8953.

About CIN Legal Data Services

An operating division of Dayton, Ohio-based Credit Infonet Inc., CIN Legal Data Services is the country's largest provider of consumer bankruptcy due diligence services. Serving over 7,000 clients in all 50 states and Puerto Rico, CIN Legal Data Services specializes in assisting consumer bankruptcy law firms with meeting their reasonable investigation requirements as outlined in the Bankruptcy Reform Act of 2005. CIN Legal Data Services provides a mix of technologically integrated products and services that includes liability data, property valuations, title information, auto values, tax transcripts and counseling & education courses.

5 May, 2009

CIN Legal Data Services Announces the Addition of ARM'd™, the Adjustable Rate Mortgage Details Enhancement for Its Industry-leading Consumer Liability Report (CLR™) product...

Dayton, OH - May 5, 2009 - While Adjustable Rate Mortgages (ARMs) seemed like a good idea to thousands of homebuyers due to the low initial costs, the volatility of interest rates and the resulting increased monthly payments, coupled with the continuing decline of real property values, are making these mortgages simply unaffordable for many. As a result, bankruptcy professionals nationwide are now faced with collecting and analyzing detailed information on Adjustable Rate Mortgage changes in order to accurately evaluate their clients' ability to maintain their homes in bankruptcy.

CIN Legal Data Services is answering the need to provide bankruptcy firms with more detailed information regarding the status of volatile Adjustable Rate Mortgages via the Adjustable Rate Mortgage Details Enhancement (ARM'd™) to the CLR™.

The new ARM'd™ Enhancement includes:

  • The Adjustable Rate Mortgage's Loan Origination Date, Loan Amount, and the Combined, Loan to Original Value of the Property (CLTV)
  • The Starting Interest Rate of the Mortgage
  • The ARM's First Rate Adjustment Date, Either in the Past or Forthcoming
  • The Frequency and Interval of the Rate Change Along with Any Interest Rate Adjustment Limitations
  • The Maximum Interest Rate Caps in Place
  • The Type of Index the Adjustable Rate Mortgage is Tied to

The new ARM'd™ Enhancement will alert your firm to the presence of an Adjustable Rate Mortgage through a new notification section appearing on the first page of the CLR™. In addition to providing AMR'd™ data, the additional report section will also highlight and summarize key information on all mortgages appearing on the consumer's CLR™. To acquire more information on the ARM'd™ Enhancement, please visit www.cinlegal.com or contact a CIN Legal Data Services representative at 866.218.1003.

9 January, 2009

CIN Legal Data Services to Exhibit at ABI's 2009 Northeast Consumer Winter Forum

Dayton, OH - January 9, 2009 - CIN Legal Data Services has announced that it will be participating as an exhibitor at the upcoming 2009 Northeast Consumer Winter Forum. Presented by the American Bankruptcy Institute on January 19th at the Social Law Library in Boston, MA, the Winter Forum provides the company with an arena to showcase its products and services to bankruptcy professionals in the Northeast.

Commenting on the company's participation in the 2009 forum, Russ Russell, CIN Legal Data Services' Chief Customer Officer, commented; "We believe that the ABI's Northeast Winter Forum will provide us with an intimate venue in which to showcase our products and services to potential clients in the Northeast. In these times of increasing bankruptcy filings, having the opportunity to meet one-on-one with potential clients and explain how our services can assist them in managing their practices is extremely valuable."

For more information on the products and services provided by CIN Legal Data Services, or to coordinate a personal meeting at the upcoming forum, please contact the company at 866-218-1003 or visit it on the web at www.cinlegal.com

8 September, 2008

CIN Legal Data Services To Sponsor National Association of Consumer Bankruptcy Attorneys' (NACBA) Inaugural Golf Tournamment...

Dayton, Ohio, September 8, 2008 - - CIN Legal Data Services has announced that it will participate as the primary tournament sponsor for the inaugural National Association of Consumer Bankruptcy Attorneys golf tournament. Held on the eve of the NACBA's Fall 2008 Bankruptcy Workshop, the event will take place in Hilton Head, SC, at the Palmetto Dunes Golf Club on Thursday, October 2. All attendees of the workshop, including golfers and non-golfers alike, are invited to play on this beautiful George Fazio course.

Commenting on the tournament sponsorship, Lee Midkiff, Executive Vice President of CIN Legal Data Services commented; "We are looking forward to participating as the tournament sponsor for the NACBA's inaugural event. We view this sponsorship as a great way to not only support the NACBA and its efforts on behalf of the consumer bankruptcy community, but also view it as a great means by which to connect with current and prospective clients."

As a special announcement, CIN Legal Data Services has further agreed to sponsor a member of any firm whom is a current client of the organization. Any existing client who wishes to have CIN Legal Data Services sponsor their entry fees for the tournament should contact Josh Bingham, CIN Legal Data Services Account Manager, at 866-218-1003 ext. 8953.

About CIN Legal Data Services

An operating division of Dayton, Ohio-based Credit Infonet Inc., CIN Legal Data Services is the country's largest provider of consumer bankruptcy due diligence services. Serving over 6,000 clients in all 50 states and Puerto Rico, CIN Legal Data Services specializes in assisting consumer bankruptcy law firms with meeting their reasonable investigation requirements as outlined in the Bankruptcy Reform Act of 2005. CIN Legal Data Services provides a mix of technologically integrated products and services that includes liability data, property valuations, title information, auto values, tax transcripts and counseling & education courses.

15 April, 2008

CIN Legal Data Services to Exhibit at NACBA's 16th Annual Convention...

Dayton, Ohio, April 15, 2008 - - CIN Legal Data Services has announced that it will be exhibiting at the National Association of Consumer Bankruptcy Attorneys' (NACBA) 16th Annual Convention. Scheduled for May 16-18 at the Renaissance Hollywood Hotel in Los Angeles, CA, the NACBA Annual Convention is traditionally the largest annual gathering of consumer bankruptcy attorneys in the country. CIN Legal Data Services will exhibit its full suite of products and services, as well as new product enhancements to bankruptcy professionals attending the convention.

Commenting on its participation as an exhibitor at the NACBA Convention, Lee Midkiff, CIN Legal Data Services' Chief Operating Officer, commented, "We are pleased to once again be exhibiting our product line at the NACBA's Annual Convention. Each year, the NACBA Convention provides us with a great platform by which to connect with both current and prospective clients, as well as our various trading partners. It also provides us with the perfect opportunity to introduce new products, services and product enhancements to our core client base."

To learn more about CIN Legal Data Services, or to schedule a meeting with the company at the NACBA's Annual Convention, please contact a company Account Manager. Account Managers may be reached between the hours of 8:00 AM - 9:00 PM EST at 1.866.218.1003.