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EquiSearch Services, Inc.

EquiSearch Services, Inc., a leading locator of lost shareholders, was acquired by ChoicePoint Inc. (NYSE:CPS).

EquiSearch, founded in 1988, is located in Westchester County, New York. It has approximately 30 employees and is managed by Mr. Paul Goldstein, who will remain with the company as Vice President and General Manager. EquiSearch’s primary business is to contract with companies or stock transfer agents to locate lost shareholders for Fortune 1000 corporations and other public companies.

"The combination of ChoicePoint and EquiSearch strengthens our ability to help our customers locate missing owners of assets," commented Goldstein. "Bringing the value of their data together with our research and recovery staff enables greater penetration of existing markets, and increased growth opportunities with publicly-traded companies, banking and financial institution customers."

ChoicePoint is the leading provider of intelligent information to help business, governments and individuals better understand with whom they do business. Through the identification, retrieval, storage, analysis and delivery of data, ChoicePoint helps their customers make better, more timely and more informed decisions. The company serves the risk management information needs of the property and casualty insurance market, the life and health insurance market, and the business and government markets, including Fortune 1000 corporations, asset-based lenders, professional services providers and local, state and federal governments.

"This is an exciting and logical extension of our capabilities that takes ChoicePoint in a new direction of offering consumer benefit services. Leveraging information and technology to help individuals recover lost assets, while assisting companies in satisfying their regulatory and fiduciary obligations offers us an exciting growth opportunity in our business services markets," commented Derek Smith, President and CEO of ChoicePoint. "EquiSearch has a solid reputation in the industry, a blue-chip client base and excellent management. We are excited to have them join the ChoicePoint team."

For information about the transaction please contact Alan Wells of Bollinger/Wells at 212-697-7174 or email Alan at alan.wells@bollingerwells.com.

For information regarding EquiSearch's services please call (800) 477-3272 or visit their website at www.equisearch.net.
 

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