Wes: Info on US SEARCH CORP.COM (SRCH)
S-1 Filing (SEC form S1)
US SEARCH provides clients with a single, comprehensive access point to a broad range of public record information about individuals. Our services can be accessed from anywhere and at any time through our Web site, 1800USSEARCH.com, or by calling our toll free telephone number, 1-800 U.S. SEARCH. We currently offer services such as individual locator, individual profile report, anti- fraud identification verification, nationwide court record, adoption and reunion search services. We recently began offering individual locator and individual profile report services to corporate and professional clients. In the fourth quarter of 1999, we intend to introduce pre-employment background screening and to establish US SEARCH as a leading source of this service to corporations, professional organizations and government agencies.
Using our services is quick, easy and inexpensive. All of our searches are highly automated and performed by electronically accessing multiple, geographically-dispersed public record databases. We aggregate the requested information and deliver the search results in a user-friendly format. A growing number of searches can be conducted directly by clients via our Web site. For example, our Internet-based "Instant Searches" are processed online, in a completely automated fashion, and the results are often delivered in as little as a few seconds or minutes. For more complex searches, we also provide value- added search services, including assisted searches, both online and through our toll free telephone number. Search results can be delivered through real-time display on our Web site, by e-mail, telephone, facsimile or mail. We continually evaluate our database and other information sources to ensure that we make available the most timely, accurate and comprehensive public record information to our clients.
Our 1-800 U.S. SEARCH brand has already gained significant market acceptance as representing a high-quality and cost-effective individual public record information and search service. In the first quarter of 1999, we had approximately 4.6 million unique visits to our Web site and received over 220,000 telephone inquiries. According to Nielsen/Net Ratings, 2.83% of all people who logged onto the Internet in February 1999 visited our Web site, up from 1.99% in January 1999. We believe the accessible and timely nature of our services differentiates us from other public record information sources and increases and facilitates demand for our services.
We intend to further strengthen our brand position through increased advertising, emphasis on our Web site and promotion of additional public record information and search services under the US SEARCH brand. We maintain marketing alliances with InfoSpace.com and The Lycos Network. These marketing alliances and other marketing agreements provide access to our Web site through: InfoSpace.com, AOL.com, Netcenter.com, Lycos.com, Snap.com, WhoWhere.com, Tripod.com, Angelfire.com, MailCity.com, Go Network/Infoseek.com, HotBot.com and Excite.com. Our television advertising, which features our services, appears regularly on CNBC, MSNBC, CNN, CNN Headline News, Jeopardy, Wheel of Fortune, Leeza, The Ricki Lake Show, Hollywood Squares, Judge Judy, The Dating Game, Newlywed Game and Judge Joe Brown.
Our objective is to be the leading provider of public record information and search services for individual, corporate and professional clients. To accomplish this, we plan to:
. strengthen our US SEARCH brand through increased advertising and Internet marketing alliances;
. leverage the efficiencies of the Internet by increasing the number and type of searches that can be completed on our Web site;
. expand the range of our service offerings to provide our clients with a comprehensive suite of services; and
. develop corporate and professional services to provide valuable decision support to employers.
We believe our continued success and growth prospects will benefit from exceptional growth in usage of the Internet and electronic commerce. IDC estimates the number of Internet users worldwide will grow from an estimated 100 million at the end of 1998 to an estimated 319 million in 2002. IDC also estimates that the total value of goods and services purchased over the Internet worldwide will grow from approximately $32 billion in 1998 to approximately $425 billion per year by the end of 2002, business to consumer commerce on the Internet will increase from approximately $5 billion in 1997 to approximately $95 billion in 2002, and business to business commerce on the Internet will grow from approximately $7 billion in 1997 to approximately $331 billion in 2007.
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SRCH already has a deal with Yahoo! People Search & it should bring
in more revenue for SRCH with should drive the stock,
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