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 1, 2000
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
<PAGE>
Item 5 Other Events
a) Avert, Inc. Announces 50% increase in Annual Dividend
Item 7 Financial Statements and Exhibits
c) Exhibits
23 Press release dated March 1, 2000
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<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.
March 1, 2000 By: /s/ Dean A. Suposs
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Date Dean A. Suposs
President
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<PAGE>
EXHIBIT INDEX
Exhibit No. Exhibit Description Page
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23 Press Release, dated 5
March 1, 2000
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EXHIBIT 23
FOR IMMEDIATE RELEASE: NEWS
March 1, 2000 Nasdaq National Market/AVRT
http://www.avert.com
AVERT, INC. ANNOUNCES 50% INCREASE IN SPECIAL ANNUAL DIVIDEND
Shareholders of Record on March 15, 2000 to Receive $.18 Cents Per Common Share
FORT COLLINS, Colorado - Avert, Inc. (Nasdaq National Market/AVRT), an Internet
based application service provider (ASP) company providing employment background
checks to a diverse nationwide customer base, today announced the payment of a
special cash dividend of $.18.
During its February meeting, the Avert, Inc. Board of Directors approved the
payment of a special cash dividend of $.18 per common share payable on March 24,
2000 to shareholders of record on March 15, 2000. The decision to pay a dividend
is based on the Company's 1999 earnings, its strong financial position and
consideration for the Company's future strategic plans. The Board's decision
reflects its belief that the dividend payment will not have an adverse affect on
the Company's ability to pursue its aggressive growth plans.
"A business-to-business Internet company in today's economy is defined as
having, a strong technical platform, a high market potential and exceptionally
strong growth. Avert exemplifies each of these areas," stated Dean Suposs,
President and Chair of Avert, Inc. "Avert's innovative web architecture has been
recognized by partners, customers and by CIO Magazine for it's innovative use of
technology. The 'employee selection' market potential is easily in excess of
several billion dollars, and our percentage of growth climbed every quarter last
year. But, here is where Avert surpasses most of the dot-com companies,"
continues Suposs. "We make money and we pay dividends. Many marvel that this is
unusual for a company that conducts more than 80% of its business on the
Internet. I am proud to announce this year's dividends. We will continue to
focus on the value we deliver to our shareholders; not only through innovative
Internet driven ideas, but also through solid company fundamentals!"
Today's announcement marks the highest dividend payment in the Company's
history. It represents a 50% increase over the previous dividend payment of $.12
per common share paid in 1999. Including today's dividend payment, Avert has
paid three dividends during its status as a public company. Previously, the
Company made one other dividend payment in 1998 of $.10 per common share.
Decisions regarding future dividend payments will be made based on the Company's
financial position and its ability to pursue growth opportunities such as
mergers, acquisitions, partners, and other growth channels.
Through its headquarters in Fort Collins, Colorado, Avert, inc. is an
Internet-based information network company providing employment background
checks via remote access to a diverse nationwide customer base.
Visit our headquarters at www.avert.com.
CONTACT: Kelly Newberg, Avert, Inc. Investor Relations - 800.367.5933
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