| |
property for sale in barbados
News and Information Article
ALPHARETTA, Ga., Sept. 29 /-FirstCall/ -- ChoicePoint (NYSE:
CPS) today announced its signing of a strategic alliance agreement with AMS
Services that will extend ChoicePoints capabilities for data sales to
thousands of additional insurance agents and industry professionals
nationwide. The agreement was signed simultaneously with the sale of
ChoicePoints Priority Data Systems business to AMS Services.
AMS Services is a leading provider of connectivity services to
insurance agents, carriers, managing general agents and wholesale brokers.
Based near Seattle, AMS Services also provides comprehensive,
insurance-specific solutions for managing critical business activities,
including agency management, rating, benefits, performance management and
carrier/agent connectivity.
Based in Omaha, Priority Data Systems provides comparative rating
software solutions primarily to the independent insurance agency market.
"ChoicePoint is pleased to align with AMS Services in a relationship
which we believe will enhance and extend our core business and services,"
said Jeffrey Glazer, president of ChoicePoints Insurance Services group.
"This new alliance supports ChoicePoints position as the personal lines
industrys premier provider of the most complete and integrated array of
insurance products and services to companies and agents."
Terms of the agreements were not disclosed. The divestiture is not
expected to have a material impact on ChoicePoints continuing operating
results.
ChoicePoint will record an after-tax loss of approximately $3-4 million
in the divestiture, but the company believes the strategic alliance with
AMS Services will provide significant long-term benefits. Under the
agreement, ChoicePoint will immediately gain access to AMS Services
platform for data sales to their 15,000 independent insurance agencies and
150,000 end-users.
About ChoicePoint
ChoicePoint (NYSE: CPS) helps businesses, government agencies and
nonprofit organizations make better decisions through information and
technology solutions. Each year, ChoicePoint helps more than six million
people get the jobs they deserve and more than 100 million people get
fairly priced home and auto insurance. Small businesses can obtain
affordable commercial insurance because of our products. Businesses cut
costs through our authentication and anti-fraud tools. Government agencies
use our data and technology to fulfill their missions in all parts of the
world. Visit http://www.choicepoint.com for more information.
Forward-Looking Statements
Certain written statements in this release and oral statements made by
or on behalf of the Company may constitute "forward-looking statements" as
defined under the Private Securities Litigation Reform Act of 1995. Words
or phrases such as "should result," "are expected to," "we anticipate," "we
estimate," "we project," "we expect", "we believe" or similar expressions
are intended to identify forward-looking statements. These statements are
subject to certain risks and uncertainties that could cause actual results
to differ materially from those expressed in any forward-looking
statements. These risks and uncertainties include, but are not limited to,
the following important factors: the risk that the strategic alliance with
AMS Services will not generate the incremental revenue that the Company
expects, the results of our ongoing review of fraudulent data access and
other events, the impact of our decision to discontinue certain services,
the results of our re- credentialing of customer accounts, the results of
any litigation or government proceedings, the implementation of plans to
divest various businesses resulting from our company-wide strategic review,
demand for the Companys services, product development, maintaining
acceptable margins, maintaining our data supply, maintaining secure systems
including personal privacy systems, ability to minimize system
interruptions, ability to control costs, the impact of federal, state and
local regulatory requirements on the Companys business, specifically the
public filings markets, privacy matters and any federal or state
legislative responses to identify theft concerns, the impact of competition
and customer consolidations, ability to continue our long-term business
strategy including growth through acquisition, ability to attract and
retain qualified personnel, and the uncertainty of economic conditions in
general. Additional information concerning these and other risks and
uncertainties is contained in the Companys filings with the Securities and
Exchange Commission, including the Companys Annual Report on Form 10-K for
the year ended December 31, 2005, and the Companys Quarterly Report on
Form 10-Q for the quarter ended June 30, 2006. Readers are cautioned not to
place undue reliance on forward-looking statements, since the statements
speak only as of the date that they are made, and the Company undertakes no
obligation to publicly update these statements based on events that may
occur after the date of this press release.
ChoicePoint and the ChoicePoint logo are registered trademarks of
ChoicePoint Asset Company.
| |
|
|
 |
property for sale in barbados |
|
|
|
|
|
|
|
|
|
Locations
