Equifax Insurance Services To Be Named ChoicePoint

Atlanta, March 26, 1997--Equifax today announced its Insurance Services Group has selected a new name -- ChoicePoint.

The group, which will be spun off from Equifax later this summer, is one of the largest providers of risk management information to insurance companies, corporations and government agencies. The "choice point" refers to the point in a process at which a decision must be made and reflects the company's role in providing information to its customers.

"Every business that manages risk must make important choices at critical points. Our mission is to bring risk management information and technology together for our customers at their critical choice points to drive informed business decisions," explained Derek V. Smith, currently Equifax executive vice president and designated ChoicePoint president and CEO. "The most pressing reality companies face is that our world today is a riskier place in which to do business. The best tool to mitigate that risk is specific and tailored information and solutions."

Equifax, one of the world's largest and fastest growing financial information services companies, announced last Dec. 9 it would spin off the Insurance Services Group as a separate, independent public company. The spinoff is dependent on an IRS ruling that the dividend distribution of stock will be tax-free to shareholders, and is expected to take place this summer. After the spinoff and subsequent approval of the stock exchange, ChoicePoint will be traded publicly on the New York Stock Exchange under the symbol CPS.

Explaining the split, Equifax President & CEO Daniel W. McGlaughlin said the Equifax Board of Directors determined the spinoff would create two independent companies better positioned to pursue new opportunities in each of their respective marketplaces.

"What we have here is a great opportunity, an opportunity to establish more focused, swifter companies ready for the 21st century," McGlaughlin said. "And ChoicePoint wonderfully articulates the name for a company that will be among the world's largest sources of information to manage insurance, employment and government risk and fraud."

ChoicePoint will offer, as does Equifax Insurance Services today, comprehensive risk management information to the commercial and personal lines insurance markets, including life and health and property and casualty underwriting and claims information. ChoicePoint will be comprised of all current Insurance Services operations and thus also will provide risk management services to additional markets for pre-employment and drug testing, public record information, UCC search and filing and other information services to businesses and government agencies. Among the services:

• Property & Casualty Services -- provides automated underwriting, claims information and database and decision-support systems to personal lines P&C insurers.
• Life & Health Services -- provides underwriting and claims information, including physical measurements, medical records and laboratory analysis to L&H insurers.
• Commercial Services -- provides property inspections, workers compensation audits and customized policy rating and issuance software to commercial P&C insurers.
• Business & Government Information Services -- provides field retrieval and on-line public information to a variety of industries.
• Employment Services -- provides automated and field-generated pre-employment background reports and information to employers.
• Health & Safety Solutions -- provides drug screening, physical specimen collections and analysis and complete program management and administration services.

Equifax Insurance Services, soon to be ChoicePoint, is among the world's largest single-source providers of information and custom systems to mitigate insurance, business and government risk and fraud. Based in Alpharetta, GA, the company serves more than 5,000 individual customers and institutions worldwide. Last year, as a division of Equifax, the company and its more than 5,000 industry professionals generated $587 million in revenues helping companies and government agencies better manage business risk.