ChoicePoint(R) Sells Bulk Bankruptcy, Liens and Judgments Records Business; Enters into Long-Term Access Agreement
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ALPHARETTA, Ga., Feb. 12: ChoicePoint announced today that it has sold part of its public records operations, specifically the businesses that collect bankruptcy, lien and judgment (BLJ) records and provide them on a wholesale, bulk basis to commercial enterprises around the country. The terms of the sale and the buyer were not disclosed but the transaction is not expected to have a material impact on ChoicePoint's financial results.
In connection with the sale, ChoicePoint and the buyer also entered into a data access agreement that gives ChoicePoint the right to include BLJ information in its other products for a long-term period.
This transaction is part of ChoicePoint's plan to divest certain non- strategic or under-performing assets as previously announced in the company's news release announcing third quarter 2006 earnings.
About ChoicePoint
ChoicePoint (NYSE:CPS) provides businesses, government agencies and non- profit organizations with technology, software, information and marketing services, all intended to help manage economic and physical risks as well as identify business opportunities. Each year, we help more than six million people get the jobs they seek and more than 100 million people get fairly priced home and auto insurance. Our authentication and anti-fraud tools improve efficiency and instill confidence in the decision-making process for our customers and consumers. Consumers have free access to the reports we create at ChoiceTrust.com. Learn what we do to protect consumer privacy by visiting www.PrivacyatChoicePoint.com and, for more information on our company, go to www.ChoicePoint.com.
FCMN Contact: chuck.jones@choicepoint.com
Source: ChoicePoint
CONTACT: Media, Chuck Jones, +1-770-752-3594, or cell, +1-770-289-0894, or chuck.jones@choicepoint.com, or Investors, Carey Skinner, +1-770-752-3369, both of ChoicePoint
Web site: http://www.choicepoint.com/
http://choicetrust.com/
http://www.privacyatchoicepoint.com/
