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) April 5, 1999
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. announces Internet partnership with LeadersOnline from
Heidrick & Struggles.
Item 7 Financial Statements and Exhibits
c) Exhibits
14 Press release dated April 5, 1999
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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 6, 1999 By: /s/ Dean A. Suposs
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Date Dean A. Suposs
President
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EXHIBIT INDEX
Exhibit No. Exhibit Description Page
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14 Press Release, dated 5
April 5, 1999
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EXHIBIT 14
FOR IMMEDIATE RELEASE: NEWS
April 5, 1999 Nasdaq National Market/AVRT
www.avert.com
AVERT, INC. ANNOUNCES INTERNET PARTNERSHIP WITH
LEADERSONLINE FROM HEIDRICK & STRUGGLES
Pre-employment Screening Integrated with Online Recruiting Service
FORT COLLINS, Colorado - Avert, Inc. (Nasdaq National Market/AVRT), an
Internet-based information network company providing employment background
checks to a diverse nationwide customer base, today announced a partnership
agreement with LeadersOnline(TM), an online recruiting service from Heidrick and
Struggles, the leading worldwide IT executive recruiting firm.
Avert is linked through LeadersOnline(TM) recruiting service, a subsidiary of
Heidrick and Struggles. The LeadersOnline(TM) recruiting process locates strong
candidates and reduces the risk of hiring unqualified candidates by providing
background verifications. Avert provides background checking information within
48 hours via a secure online connection.
"We researched the pre-employment screening marketplace and selected Avert.
Their advanced technology delivers background checks through a seamless Internet
connection with our Enterprise Electronic Recruiting system," said Michael
Arrigo, president of LeadersOnline(TM).
The announcement follows an initial pilot arrangement by which Avert's products
were offered to LeadersOnline(TM) clients. As part of the agreement, the
LeadersOnline(TM) sales force will be marketing the Avert services directly to
its customers and Avert personnel will provide communications support, customer
and sales training.
Each LeadersOnline(TM) client will have direct access to Avert and, upon
establishing an account, will pay an annual administration fee plus all charges
for products and services ordered. Estimated revenue will vary by specific
products and services ordered by each client.
The term of the agreement shall be two years from date of execution by both
parties with an annual automatic renewal if not terminated by either party at
least 30 days prior to the date of the agreement.
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"Avert is excited about the partnership with LeadersOnline(TM) and Heidrick &
Struggles," said Dean Suposs, president and CEO of Avert. "Verifying background
information is vital to hiring qualified candidates. Heidrick & Struggles is one
of few recruiting firms that is insuring each candidate is qualified before a
potential employer and a candidate meet one another."
"We've found that almost one-third of applicants misrepresent their employment
records and about one-fourth misrepresent their education. Verifying this
information is the only way to avoid the risk of hiring unqualified candidates,"
said Suposs.
About Avert, Inc.
Avert is the leading provider of Internet pre-employment screening solutions
linked through AVERTnet (Y2K Compliant), a secure network of Internet background
checking services. 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 which incorporates criminal
court records, driving records, previous employment verification, workers'
compensation histories, credit histories, education verification and Social
Security Number validations. AVERTnet is customized to meet the unique concerns,
policies and procedures of companies nationwide. Additional information about
Avert background checking solutions is available on the Internet at
www.avert.com.
About LeadersOnline(TM)
LeadersOnline is a leading-edge Internet recruiting service for technology
professionals. Developed as a complete end-to-end online recruiting solution,
LeadersOnline(TM) integrates proactive sourcing, applicant tracking and
workflow, and background verifications - all accessible via a Web browser.
Backed by Heidrick & Struggles, LeadersOnline(TM) blends the best of executive
search with the best of the Internet to provide a valuable service to both
clients and candidates. The service focuses on matching emerging leaders with
high caliber IT positions. For more information, visit www.leadersonline.com.
About Heidrick & Struggles
Heidrick & Struggles, Inc., is a worldwide leader in executive recruiting with
over four decades of experience serving Global 2000 companies, not-for-profit
organizations and private investors in 59 offices on six continents. The key to
the firm's success has been to provide quality, expert service that meets a
client's particular requirements and a candidate's individual needs. The firm's
International Technology practice, established in 1983, is one of the largest in
the world, with more than 250 professionals conducting over 1,100 search
assignments each year. Specialty practices include Telecom, CIO/Systems,
Multimedia and Software. In November 1998, the International Association of
Corporate and Professional Recruitment named Heidrick & Struggles the best
performing search firm. For more information, visit www.heidrick.com.
CONTACT:
Avert, Inc. Investor Relations - 800.367.5933
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