This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Photo Release -- PRA Expands Its Headquarters To Accommodate Continued Business Growth

NORFOLK, Va., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates, Inc. (Nasdaq:PRAA), a financial and business services company operating in the U.S. and the U.K, today announced the opening of expanded facilities at its Norfolk headquarters to play a key role in managing PRA's continued growth.

Ribbon Cutting
Norfolk Mayor Paul D. Fraim, at right, celebrates expansion of Portfolio Recovery Associates headquarters with CEO Steve Fredrickson.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=22169

"As a result of our strategy to press the company's many competitive advantages in a debt buying and collections marketplace that continues to consolidate, PRA has experienced exceptional growth this year, and sees future growth in Norfolk in the years ahead," said Steve Fredrickson, chairman, president and chief executive officer, PRA.

PRA expanded its call center and professional offices at 120 Corporate Boulevard into 30,000 square feet of adjacent space. PRA now leases 130,000 square feet of space, including two other buildings in the Riverside Commerce Center along Military Highway, the site of PRA's headquarters since 1999.

At a ceremony today attended by PRA employees, Mayor Paul D. Fraim said, "I could not be more pleased with Portfolio Recovery Associates' decision to expand its operations in Norfolk. It's a great company and a great corporate citizen of Norfolk that's been recognized as one of Forbes' Top 25 small companies and one of the fastest growing companies in the country. Norfolk is proud to serve as PRA's corporate headquarters, and we greatly appreciate their confidence in our city."

PRA added 45 new jobs in Norfolk this year, raising the number of employees at its headquarters to 1,020. The company also announced plans to hire more than 30 new employees in Norfolk before year-end, including an ETL developer, corporate attorneys, a recruiting manager, a SQL database administrator, and a sales & business development manager.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs