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This excerpt taken from the FADV 8-K filed Apr 27, 2009. Page 2 Company-wide we have reduced operating expenses by 16 percent from the first quarter of 2008. Across the enterprise, we continue to manage down costs, placing emphasis on both improving our cost structure and focusing on business and product development initiatives to position us for growth when the markets stabilize, stated Mr. Nallathambi. First Advantages first quarter 2009 results will be discussed in more detail on Monday, April 27, 2009, at 5:00 p.m. ET, via teleconference and webcast. The teleconference dial-in number is 888.889.1652 within the U.S. and 210.795.9764 outside the U.S. The teleconference pass code is Advantage. The live audio webcast of the call will be accessible from the Investor Relations section of First Advantages Web site at www.FADV.com. An audio replay of the teleconference call will be available through May 11, 2009, by dialing 800.224.1285 within the U.S., or 402.220.3691 outside the U.S. An audio archive of the webcast will also be available for replay on First Advantages Web site following the call.
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This excerpt taken from the FADV 8-K filed Feb 24, 2009. Page 2
Income from continuing operations was $39.1 million (66 cents per diluted share) for the year ended Dec. 31, 2008, compared to $126.1 million ($2.13 per diluted share) for the year ended Dec. 31, 2007. Results of operations for 2008 and 2007 each include severance and restructuring costs of approximately $9.7 million (10 cents per diluted share after tax). Service revenue for the Company was $181.9 million and $727.3 million for the quarter and year ended Dec. 31, 2008, respectively. Service revenue was $187.7 million and $770.2 million for the quarter and year ended Dec. 31, 2007, respectively. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $35.1 million and $142.2 million for the quarter and year ended Dec. 31, 2008, respectively. In the face of stiff economic headwinds, we remain focused on reducing costs and increasing efficiencies as evidenced by our solid operating fundamentals. Between March 2008 and year-end, we have reduced 22 percent of our U.S. based workforce, which resulted in a 20 percent reduction in salary expense on an annualized basis. We believe the initiatives implemented in 2008 to streamline operations will serve us well in 2009 and beyond. Our leadership, management and staff are committed to manage through this downturn and be responsive to our clients who are also impacted by this challenging economic environment, said Nallathambi. Our corporate focus continues to be on maintaining a strong balance sheet, cash and debt management and preserving capital during these tough times. Additionally, we will continue to search for strategic opportunities that will expand the breadth of our products and services and facilitate our ability to create greater long-term shareholder value. First Advantages fourth quarter and full year 2008 results will be discussed in more detail on Tuesday, Feb. 24, 2009, at 5:00 p.m. EST, via teleconference and webcast. The teleconference dial-in number is 888.889.1652 within the U.S. and 210.795.9764 outside the U.S., and the passcode is Advantage. The live audio webcast of the call will be accessible from the Investor Relations section of First Advantages Web site at www.FADV.com. An audio replay of the teleconference call will be available through March 10, 2009, by dialing 866.421.0435 within the U.S. and 203.369.0798 outside the U.S. An audio archive of the webcast will also be available for replay on First Advantages Web site following the call.
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This excerpt taken from the FADV 8-K filed Jul 28, 2008. Page 2 In the quarter ended June 30, 2008, the Company completed the previously announced sale of Credit Management Solutions, Inc., its automotive consumer credit software business, and of First Advantage Investigative Services, its investigative and surveillance business. Loss from discontinued operations for the quarter ended June 30, 2008 was $1.3 million, net of tax (2 cents per diluted share). Income from discontinued operations for the quarter ended June 30, 2007, also includes the results of operations for US SEARCH.com, the Companys consumer location business which was sold in the fourth quarter of 2007. Now that the strategic repositioning and disposition of non-strategic assets are almost over, we remain committed to generating long-term shareholder value by focusing on product expansion and enhancing operational efficiencies, stated Mr. Nallathambi. First Advantages second quarter 2008 results will be discussed in more detail on Monday, July 28, 2008, at 5:00 p.m. EDT, via teleconference and webcast. The teleconference dial-in number is 888.889.1652 within the U.S. and 210.795.9764 outside the U.S. The teleconference pass code is Advantage. The live audio webcast of the call will be accessible from the Investor Relations section of First Advantages Web site at www.FADV.com. An audio replay of the teleconference call will be available through August 11, 2008, by dialing 800.839.3420 within the U.S., or 402.998.1036 outside the U.S. An audio archive of the webcast will also be available for replay on First Advantages Web site following the call.
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This excerpt taken from the FADV 8-K filed Jun 30, 2008. Page 2 Bart Valdez, former president of the Employer Services segment, will remain with the company to assist Laing with the transition, as well as continue to play an important role in pursuing critical business development opportunities. This excerpt taken from the FADV 8-K filed Apr 23, 2008. Page 2 First Advantage will continue to focus on achieving operating efficiencies in all of our businesses and emphasize cross-sell opportunities to take advantage of our vast array of products and services. We believe our leadership position in each of our major businesses and strong financial condition will enable us to take advantage of opportunities that will make First Advantage even stronger and continue to enhance long-term shareholder value. First Advantages first quarter 2008 results will be discussed in more detail on Wednesday, April 23, 2008, at 5:00 p.m. EDT, via teleconference and webcast. The teleconference dial-in number is 888.889.1652 within the U.S. and 210.795.9764 outside the U.S. The teleconference pass code is Advantage. The live audio webcast of the call will be accessible from the Investor Relations section of First Advantages Web site at www.FADV.com. An audio replay of the teleconference call will be available through May 7, 2008, by dialing 888.562.7629 within the U.S., or 402.220.6506 outside the U.S. An audio archive of the webcast will also be available for replay on First Advantages Web site following the call. - more -
This excerpt taken from the FADV 8-K filed Feb 20, 2008. Page 3
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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