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 31, 1999
AVERT, INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Colorado 0-239052 84-1028716
--------------------------- ----------- ------------------
(State of other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
301 Remington, Fort Collins, Colorado 80524
- --------------------------------------- --------
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: 970-484-7722
301 Remington Fort Collins, CO 80524
----------------------------------------------------------
(Former name or former address, if changed since last report
<PAGE>
Item 5 Other Events
a) Avert, Inc. announced 1998 Avert Index.
Item 7 Financial Statements and Exhibits
c) Exhibits
13 Press release dated March 31, 1999
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 5, 1999 By: /s/ Dean A. Suposs
- --------------------------- ---------------------------
Date Dean A. Suposs
President
3
<PAGE>
EXHIBIT INDEX
Exhibit No. Exhibit Description Page
- ---------- ------------------- ---
13 Press Release, dated 5
March 31, 1999
4
EXHIBIT 13
For Immediate Release NEWS
Nasdaq National Market/AVRT
http://www.avert.com
INCREASING NUMBER OF WORKERS CONSIDERED "INELIGIBLE FOR REHIRE"
AT PREVIOUS JOBS
(FORT COLLINS, Colo.) --Employers have seen a 36 percent increase in the number
of job applicants who are not eligible for rehire at their previous place of
employment, according to internal statistics compiled by Avert Inc., a national
pre-employment screening company.
The statistic, taken from the results of reference checks completed by Avert in
1998, indicates that nearly 15 percent of employers reported applicants
ineligible to be rehired at their company. Reasons given for ineligibility
status ranged from personality conflicts and disciplinary problems to theft and
embezzlement.
"As the available labor pool gets smaller, employers are forced to assume more
risk in their hiring practices. For example, some new hires cannot adjust to a
regular work routine or they do not have the skills required to do the job,"
says Len Koch, Vice President of Business Development. "At the same time, hiring
costs have gone up due to prolonged search time to find new hires."
The figures, as part of the 1998 annual Avert Hiring Index(TM), come from
statistically compiled information based on approximately 800,000 background
checks performed in 1998. The numbers help employers to monitor trends in the
workforce and are provided to the public as a community service. Employers
nationwide are able to use the figures and confirm the reality of risk
associated with hiring employees in today's market.
Other statistics for 1998:
o 7 percent of applicants had a criminal record
o 25 percent misrepresented their education and credential records
o 41 percent had one or more accidents or moving violations on their driving
record
Figures were also completed for employment, credit and workers' compensation
records.
About Avert, Inc.:
Avert is the leading provider of Internet pre-employment, background screening
solutions linked through AVERTnet (Y2K Compliant), a secure on-line network of
Internet background checking services. Avert's products include criminal court
records, driving records, previous employment verification, workers'
compensation histories, credit histories, education verification and Social
Security Number validations. Avert uses Internet technology to create solutions
that streamline the hiring process. More than 10,000 companies nationwide
utilize Avert and the Web-based background checking system.
For a camera-ready print of the Avert Index call 800.367.5933, or for more
information visit our Web site at www.avert.com/hrindex/hrindex.htm.
CONTACT: Heather Chacon, Marketing Communications - 800.367.5933 x 219 or
[email protected]
