Exhibit
99.1
1550
Peachtree Street, N.W. Atlanta, Georgia 30309
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Contact
Information:
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Media
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Investors
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Tim Klein
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Jeff
Dodge
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404-885-8555
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404-885-8804
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404-771-2029
(Wireless)
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jeff.dodge@equifax.com
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tim.klein@equifax.com
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Equifax
Completes Sale of Assets of
Direct
Marketing Services Division
ATLANTA,
July 1, 2010 -- Equifax Inc. (NYSE: EFX) today announced it has completed the
previously announced sale of assets of its Direct Marketing Services division to
Alliance Data Systems (NYSE: ADS) for gross proceeds of $117 million, subject to
certain adjustments.
About
Equifax (www.equifax.com)
Equifax
empowers businesses and consumers with information they can trust. A global
leader in information solutions, we leverage one of the largest sources of
consumer and commercial data, along with advanced analytics and proprietary
technology, to create customized insights that enrich both the performance of
businesses and the lives of consumers.
With a
strong heritage of innovation and leadership, Equifax continuously delivers
innovative solutions with the highest integrity and
reliability. Businesses – large and small – rely on us for consumer
and business credit intelligence, portfolio management, fraud detection,
decisioning technology, marketing tools, and much more. We empower
individual consumers to manage their personal credit information, protect their
identity, and maximize their financial well-being.
Headquartered
in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries
throughout North America, Latin America and Europe. Equifax is a member of
Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the
New York Stock Exchange under the symbol EFX.
Forward-Looking
Statements
The foregoing contains forward-looking
statements within the meaning of The Private Securities Litigation Reform Act of
1995. The forward-looking
information may be identified by such forward-looking terminology as
“anticipate”, believe”, “may”, and similar terms or variations of
such terms. Our forward-looking statements are based on our assumptions,
estimates and projections about our Company and the Direct Marketing Services division
(“DMS”) and involve significant risks and
uncertainties, including: the risk that anticipated benefits from the sale
transaction may not be realized or may take longer to realize than expected and
the risk that estimated or
anticipated costs, charges and liabilities to settle and complete the
exit from and disposal of
DMS, including both retained obligations and contingent risk for assigned
obligations, may differ
from or be greater than anticipated. If these or other significant risks and
uncertainties occur, or if our estimates or underlying assumptions prove
inaccurate, our actual results could differ materially. You are urged to
consider all such risks and uncertainties. In light of the uncertainty
inherent in such
forward-looking statements, you should not consider their inclusion to be a
representation that such forward-looking matters will be achieved. The Company
assumes no obligation to and does not plan to update any such forward-looking
statements.
Certain
other factors which may impact our continuing operations, prospects, financial
results and liquidity or which may cause actual results to differ from such
forward-looking statements are also discussed or included in our Annual Report
on Form 10-K for the year ended December 31, 2009 under Item 1A, “Risk
Factors”, and our other filings with the Securities and Exchange Commission and
available on the Equifax website, www.equifax.com,
under “Investor Center.” You are urged to carefully consider all such
factors. Equifax assumes no obligation to update any forward-looking
statements to reflect events that occur or circumstances that exist after the
date on which they were made.
SOURCE: Equifax
Inc.
