First Advantage Acquires National Background Data, LLC

ST. PETERSBURG, FL – First Advantage Corporation (Nasdaq: FADV), a leading risk mitigation solutions provider, announced today that it has acquired National Background Data, LLC, an aggregator and reseller of criminal records from court and corrections sources. The purchase bolsters First Advantage’s criminal records resources and its opportunities to expand in indirect markets.

Reviewing the criminal history of a prospective job applicant, volunteer or tenant has become integral to an organization’s security. Based in Ocala, Fla., National Background Data serves this need as a valued resource to employment and resident screening companies nationwide, offering more than 165 million criminal records in its closely managed database. National Background Data provides Web-based reports derived from its collected data to its nationwide network of professional background screening company affiliates. The affiliates, in turn, use these reports in the screening products they sell to employers and multifamily housing property managers to assist these clients in making decisions related to employment or housing.

To provide a quality product for its affiliates, National Background Data follows rigid processes in acquiring, maintaining and updating the data collected from federal, state and county public record sources.

“National Background Data has a solid reputation among its affiliates and data sources for delivering quality information responsibly,” said Bob Holloran, National Background Data chairman and chief executive officer. “It is with great pleasure that we become part of First Advantage and contribute our resources and expertise to further this industry leader’s quality product line and reach in the marketplace.”

First Advantage, a national provider of employment and resident screening services, offers a similar national criminal database to supplement employers’ and multifamily housing managers’ background checks. The addition of National Background Data’s database will enhance the value of this resource for clients of both companies. In addition, National Background Data’s affiliate business model provides First Advantage with a non-competitive means to market its collected data to the hundreds of screening companies in business across the United States.

“As we continue to build our position as a risk mitigation leader, the acquisition of best-in-class services related to our core offerings will allow us to deepen our relationships with our customers by creating greater value,” said John Long, chief executive officer and president of First Advantage Corporation. “In this case, through National Background Data, First Advantage is provided an opportunity to enhance our employment and resident screening services for current clients, while bringing new products, such as motor vehicle records and evictions data, to the reseller market — an area we have not fully pursued in the past, but one of great revenue potential.”

As part of First Advantage, Holloran will assume the title of president of National Background Data. Bill Bollinger, former National Background Data president, will remain with the company as executive vice president.

About First Advantage Corporation
First Advantage Corporation provides best-in-class single-source solutions for global risk mitigation and enterprise and consumer screening needs. Incorporating state-of-the-art technology, proprietary systems and data resources, First Advantage is a leading provider of employment background screening, drug-free workplace programs and other occupational health testing, employee assistance programs, resident screening, motor vehicle records, investigative services, computer forensics and electronic discovery services, supply chain security, corporate tax and incentive services, and consumer location services. First Advantage ranks among the top three companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has more than 1,700 employees in offices throughout the United States and abroad. Further information about the company is available at www.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889. First American is the nation’s largest data provider, supplying businesses and consumers with information resources in connection with the major economic events of people’s lives. Additional information about the First American Family of Companies can be found at www.firstam.com.

This press release contains statements relating to future results of the company that are considered “forward-looking statements.” These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, revenue growth and expansion in the reseller market, ability to sell existing First Advantage products in the reseller market, the marketability of National Background Data’s affiliate business model to screening companies, First Advantage acquisition strategy, National Background Data’s contribution to earnings, and changes in technology. These forward-looking statements, and other forward-looking statements contained in other public disclosures of the company, are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the company’s control). Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: general volatility of the capital markets and the market price of the company’s Class A common stock; the company’s ability to successfully raise capital; the company’s ability to identify and complete acquisitions and successfully integrate businesses it acquires; changes in applicable government regulations; the degree and nature of the company’s competition; increases in the company’s expenses; continued consolidation among the company’s competitors and customers; unanticipated technological changes and requirements; and the company’s ability to identify suppliers of quality and cost-effective data. Actual results may differ materially from those expressed or implied as a result of these risks and uncertainties. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.