ChoicePoint Reports Revenue of $270 Million for the First Quarter

For the first quarter of 2006, ChoicePoint Inc. reported total revenue of $269.9 million, representing growth of 4 percent compared to $259.3 million for the first quarter of 2005. Earnings per share (“EPS”) for the first quarter was $0.34, which included the following: $10.7 million ($0.07 per share) of accelerated depreciation, asset impairment, severance and lease abandonment costs primarily associated with the consolidation of certain technology platforms, $3.5 million ($0.03 per share) of stock option expense under FAS 123®, and $0.8 million ($0.01 per share) for specific expenses related to the fraudulent data access. Excluding these charges, EPS would have been $0.46, a 4 percent increase over EPS excluding other operating charges for the comparable period of 2005.

“I am pleased with the operating results in our insurance and background screening businesses this quarter and the progress we are making against our key longer-term growth initiatives,” noted Chairman and Chief Executive Officer Derek V. Smith. “Given these trends and the expected improvement in our Business Services and Government Services segments, ChoicePoint is well positioned to have a strong year.”

Chief Administrative Officer Steven W. Surbaugh added, “Our first quarter operating results were basically consistent with our expectations, tempered by the impact of the business changes made last year and diminished results from our Government Services segment. The centralization of functions and consolidation of technology platforms is substantially complete. A solid and strengthening pipeline of new customer opportunities across our business lines, continuing strong cash flows, and a wealth of new product initiatives has us well positioned in 2006.”