Exhibit 99.1
1550 Peachtree Street, N.W. Atlanta, Georgia 30309
FOR IMMEDIATE RELEASE
Contacts:
Mitch Haws |
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Jeff Dodge |
Public Relations |
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Investor Relations |
Equifax Inc. |
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Equifax Inc. |
404.885.8093 |
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404.885.8804 |
mitch.haws@equifax.com |
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jeff.dodge@equifax.com |
Equifax Purchases Consumer Credit Files From
CBC Companies, Inc.
AtlantaNovember 1 , 2002Equifax Inc. (NYSE: EFX) announced today it has purchased consumer credit files and certain customer contracts from CBC Companies, Inc. (CBC) for $95 million in cash. CBC is an independent
credit reporting agency and has been a system affiliate of Equifax for more than 14 years. The purchased database includes customers in Ohio, Florida, West Virginia, South Dakota, North Dakota and Indiana.
We expect this acquisition to generate immediate profitable growth, and give us the opportunity to better serve our customers with
high quality credit reporting and analytical services supported by world-class technology, said Mark Miller, Equifax president and chief operating officer.
Equifax has a long and successful track record in acquiring and integrating independent credit reporting affiliates. The purchase of data files and customer contracts from CBC is consistent with this
strategy and is the largest such transaction to date.
About Equifax
Equifax, a 103-year-old S&P 500 company, enables and secures global commerce through its information management, marketing services, direct to consumer, commercial and authentication
businesses. As a leader in information technology, Equifax serves customers across a wide range of industries including the financial services, retail, healthcare, telecommunications/utilities, brokerage, insurance and government industries. Equifax
also enlightens, enables and empowers consumers to manage and protect their financial health with services offered at www.equifax.com. The company ranked number five in return on equity among Business Weeks Best Performers
during 2001. Equifax employs 4,800 in 12 countries and has $1.1 billion in revenue.
Statements in this press release that relate to Equifaxs future plans, objectives, expectations,
performance, events and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or
in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in worldwide and U.S. economic conditions that materially impact consumer spending and
consumer debt, changes in demand for the Companys products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the forward-looking information section in the
managements discussion and analysis included in the annual report on Form 10-K for the year ended December 31, 2001.