SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 25, 1998
AVERT, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-239052 84-1028716
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(State of other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
301 Remington, Fort Collins, Colorado 80524
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: 970-484-7722
301 Remington Fort Collins, CO 80524
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(Former name or former address, if changed since last report)
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Item 5 Other Events
a) Avert, Inc. announced coverage against errors and omissions.
Item 7 Financial Statements and Exhibits
c) Exhibits
31 Press release dated March 25, 1998
2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AVERT, INC.
April 8, 1998 By: /s/ Dean A. Suposs
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Date Dean A. Suposs
President
3
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EXHIBIT INDEX
Exhibit No. Exhibit Description Page
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31 Press Release, dated 5
March 25, 1998
4
EXHIBIT 31
FOR IMMEDIATE RELEASE NEWS
March 25, 1998 Nasdaq National Market/AVRT
http://www.avert.com
AVERT, INC. ANNOUNCES COVERAGE AGAINST ERRORS AND OMISSIONS
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 the Company has been
successful in obtaining Errors and Omissions Insurance coverage.
Avert has signed an Errors and Omissions Insurance policy to protect against
lawsuits involving the intangible customers expectations of the product. This
type of coverage is used to protect against claims that the Company or an
employee made mistakes through error or oversight that caused a loss of
productivity or loss of revenue on the part of the customer. General liability
coverage is still carried by the Company to protect against claims involving
products not performing in the manner in which they are advertised.
"We are pleased with our ability to demonstrate the types of quality control
measures necessary for errors and omissions coverage," said Dean Suposs,
president and Chair of Avert, Inc. "We expect this coverage to enhance our
standing as a reputable company with solid operating procedures and are finding
that this type of coverage enables us to better compete for the business of
larger companies."
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.
Investor Relations
970/484-7722
