Equifax Statement On Recent Stock Performance
ATLANTA, Aug. 23 /PRNewswire/ -- Following the performance of its stock on Aug. 20, 1999, Equifax (NYSE: EFX - news) today issued the following statement:
``It is unclear what market factors precipitated the trend for Equifax stock on Aug. 20, 1999. It would be inappropriate to speculate on those factors. We do, however, reiterate our expectations for a record 1999 and 2000. Our core information and payment services businesses continue to demonstrate strong operating leverage and expense management. Our European operations have shown, and we expect them to continue to demonstrate, steadily, improving performance.
``In addition, Equifax continues to buy stock in the market under its share repurchase program which had about $217 million available for repurchase as of June 30, 1999. Equifax views its stock price as being extremely attractive.
``Most importantly, we remain focused on delivering results to meet our long-term business objectives.'
About Equifax
Equifax (www.equifax.com ), a worldwide leader in shaping global commerce, brings buyers and sellers together through its information management, transaction processing and knowledge-based businesses. Atlanta-based Equifax serves the financial services, retail, credit card, telecommunications/utilities, transportation, information technology and healthcare industries and government. Equifax adds knowledge, expertise, convenience and security to provide value-added solutions and processes for its customers wherever they do business, including the Internet and other networks. Entering its second century in business, Equifax employs more than 13,000 associates in 18 countries with sales in almost 50 and has more than $1.7 billion in revenue.
Statements in this press release that relate to Equifax's 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 Company's 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 management's discussion and analysis included at Part II, Item 7 in the Company's annual report on Form 10-K for the year ended December 31, 1998, and in the ``Year 2000 Information' section in the management's discussion and analysis included at Part I, Item 2 in the Company's report on Form 10-Q for the second quarter of 1999.
SOURCE: Equifax Inc. |
