THE FIRST AMERICAN CORPORATION SUBSIDIARY ACQUIRES NEW JERSEY-BASED EMPLOYMENT SCREENING COMPANY


January 11, 2001, SANTA ANA, Calif.

The First American Corporation (NYSE: FAF), the nation's leading provider of business information and related products and services, announced today that its subsidiary, HireCheck, Inc., (formerly CIC Applicant Background Checks), has acquired Pretiem Corp., a New Jersey-based firm that provides background checks on job applicants and current employees.

The acquisition of Pretiem is one of several acquisitions that complement First American’s existing employment screening services, including its most recent acquisition of Factual Business Information made by HireCheck in September 2000. The addition of Pretiem expands HireCheck’s employment-screening services in the mid-Atlantic region and among the maritime and energy industries. It also serves to strengthen First American’s growing consumer information and services segment. 

“Pretiem’s high-caliber screening services and established market presence in the Northeast made it an excellent candidate for HireCheck’s nationwide expansion plans,” said John W. Long, president of HireCheck, Inc., and executive vice president of The First American Corporation. “HireCheck’s goal is to become the premier provider of employment screening services nationally – acquiring Pretiem is another strong move in that direction.” 

Pretiem will continue to operate out of its New Jersey office. Ezra Schneier, former president of Pretiem, will join HireCheck as vice president and will focus on sales and business development. David Kennedy, vice president of Pretiem, will also remain with the company and will be responsible for the day-to-day operations of the New Jersey facility. 

“We are excited to be affiliated with HireCheck and The First American Corporation,” said Schneier. “Our clients will benefit from the expertise and resources of these industry leaders as we integrate our business offerings.” 

HireCheck, Inc., formerly CIC Applicant Background Checks, is based in St. Petersburg, Fla., and provides employment-screening services, including background checks and drug screening, to employers across the nation. HireCheck’s staff of 200 employees and over 2,000 field agents conduct searches and provide timely, accurate reports on criminal records, credit, civil litigation, prior employment, education, licenses, motor vehicle records, as well as other information necessary for employers to make informed hiring decisions. For additional information about Pretiem visit www.pretiem.com. Information about HireCheck and its award-winning software applications can be found on the Internet at www.hirecheck.com

The First American Corporation, based in Santa Ana, Calif., is the nation’s leading provider of business information and related products and services. The corporation’s three primary business segments include: title insurance and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; resident screening; pre-employment screening; property and automotive insurance tracking services; property and casualty insurance; home warranties; investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

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