FOR IMMEDIATE RELEASE: NEWS
June 3, 1996 Nasdaq National Market/AVRT
http://www.avert.com
AVERT, INC. ANNOUNCED INCREASED PRODUCT REVENUE GROWTH
IN SECOND QUARTER
FORT COLLINS, Colorado - Avert, Inc. (Nasdaq National Market/AVRT), an
information services company that provides employment background checks
to a growing nationwide customer base, today announced that product
revenue growth has exceeded the Company's traditional rate of 30% through
the first two months of the second quarter of 1996.
The product revenue growth rate for the first two months of the second
quarter is running at approximately 40%. Total revenue for the second
quarter in 1995 was $1,465,300.
"We believe that the increase in new customers from the first quarter is
now translating into revenue growth," said Dean Suposs, president at
Avert, Inc. "We signed up 488 new customers in the first quarter, up
from 44% from the same quarter last year. We continue to be encouraged
by a similar growth trend in new customers in the second quarter. We
believe that our expanded marketing efforts are beginning to pay off and
we're excited about the growth prospects for the rest of 1996."
Through its headquarters in Fort Collins, Avert is an information services
company that provides thousands of employment background checks daily to
employers nationwide. Avert guarantees that its products and services are
the most current and accurate available. Products and services include
criminal records, civil records, workers' compensation histories, driving
records, previous employment verification, credit histories, education
verification and social security number validation.
Contact:
Avert, Inc.
Kim Moss, Investor Relations
970/484-7722
