ANNUAL SHAREHOLDERS

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ANNUAL SHAREHOLDERS meeting
Welcome!
May 20, 2004
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introduction

• Result of the June 2003 Merger of The First
  American Corporations Screening Technologies
  Division and US SEARCH.com
• More than 1,700 Employees Today
• Corporate HQ in St. Petersburg, FL
• Offices Across the United States and Abroad
• Ranked Among Top Three Providers in Major
  Business Lines

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stock BASICS

• NASDAQ Ticker FADV
• 75 Owned by First American (NYSE FAF)
• 10 by Pequot Capital Management
• TSO 21.4 Million Shares
• Class A Common (Tradable) 5.4 Million Shares
• Class B Common (Non-tradable Owned by FAF) 16
  Million Shares

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business LINES
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ENTERPRISE screening segment

• Employment Background Services
• Criminal Records
• Employment Verification
• Education Verification
• Credit Reports
• Social Security Number Verification
• Motor Vehicle Records

USP We provide a flexible, integrated employment
screening program designed to maximize due
diligence and reduce time to hire improving
our clients workflow. Client Base 240 of
F1000 10,000 Companies Nationwide
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ENTERPRISE screening segment

• Occupational Health Services
• Drug-Free Workplace Programs
• Occupational Health Testing
• Physical Examinations
• Other Required Medical Tests
• Employee Assistance Programs

USP We provide a flexible, integrated employment
screening program designed to maximize due
diligence and reduce time to hire improving
our clients workflow. Client Base 240 of
F1000 10,000 Companies Nationwide
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ENTERPRISE screening segment

• Tax Retrieval, Credit, Compliance and Consulting
  Services
• Employment Tax Incentives Credits
• WOTC/WtW
• Business Location
• Sales and Use Tax Services
• Consulting, Overpayment Recovery, Compliance and
  Monitoring
• Transportation Consulting Services
• Fleet Asset Management and Compliance
• Fuel Tax Consulting and Recovery

USP We provide turnkey tax retrieval services
focused on identifying and securing tax benefits
for corporate clients -- maximizing their tax
savings and incentive benefits while
ensuring compliance. Client Base 400
Nationwide
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ENTERPRISE screening segment

• Resident Screening Services
• Eviction Court Records, Rental Histories and
  Payment Trends Database
• Criminal Record Checks and Database
• Lease Performance/Payment History
• Consumer/Business Credit Reports
• Employment Verification
• Property Management Software

USP We are the nations most innovative and
experienced provider of screening and risk
management services to the multi-family housing
market. Client Base 25,000 Properties
Nationwide (5 Million Apartment Units)
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RISK mitigation segment

• Motor Vehicle Record Services
• Driver History
• Vehicle Registrations
• Financial Responsibility Filings
• Driver Activity Monitoring
• ZapApp Agent Management System

USP We are expert at delivering motor vehicle
record data to the insurance and
employment screening markets in a very
customized flexible way, backed by excellent
client service. Client Base 7,500 Agents,
Insurers, and Companies Nationwide
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RISK mitigation segment

• Investigative Services
• Computer Forensics
• Electronic Discovery
• Investigations and Litigation Support
• Insurance Fraud
• Discovery Investigations
• Surveillance
• Statements and Field Interviews

USP With state-of-the-art technology and renown
expertise, our services assist the nations law
firms, insurers and corporations with the
information needed to support litigation and
investigations, and detect insurance fraud.
Client Base 500 Corporations, Law Firms,
Insurers, TPAs and Self-Insured
Employers Nationwide
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CONSUMER direct segment

• Consumer Services/US SEARCH.com
• People Locate
• Public Data Search
• Home and Family Services
• Background and Verify
• Real Estate Data

USP As the top provider of consumer location and
verification services, our Web- based services
lead the industry by providing consumers quality
data via an easy-to-use Website. Client
Base 6.0 Million Unique Visitors to Web Portal
Monthly 2,000 Daily Transactions
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GROWTH strategy
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GROWTH strategy

• Companywide 2004 Revenue Goal is to Exceed 250
  Million
• Focus on Growing Core Enterprise Screening
  Segment Via Acquisition
• 2004 Revenue Goal Exceed 150 Million
• 2006 Revenue Goal Exceed 250 Million
• Continue to Expand in the Risk Mitigation Segment
  Via Acquisition
• International Expansion

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GROWTH strategy
Acquisitions to Date
2 Motor Vehicle Record 2 Investigative 1 Supply
Chain Security
Risk Mitigation
6 Employment Screening 4 Occupational Health 3
Resident Screening 1 Tax Credits Consulting
Enterprise Screening
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CONSOLIDATION strategy
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CONSOLIDATION strategy

• First Priority Client Retention
• Consolidate Acquisitions to Take Advantage of
  Increased Scale
• Back Office Operations
• Technology
• Integrate Employment Screening and Occupational
  Health Services on a Single Technology Platform
• Keep Customer Facing Positions

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CONSOLIDATION strategy

• Take Advantage of Low Hanging Fruit
• Executive Management, Corporate Services, Vendor
  Pricing/Contracts, Telecom, Insurance, Etc.
• Full Consolidation of Physical Operations and
  Systems
• Small Subsidiaries 3 - 6 Months
• Larger Subsidiaries 12 - 18 Months

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CONSOLIDATION strategy

• Cross Sell/Up Sell Combined Client Base
• Branding Initiatives
• Transition/Eliminate Subsidiary Brands by 2005
• First Advantage Brand Clarity
• Facilitate Internal Culture Development
• Facilitate Sales and Cross-sell Opportunities
• Leverage Marketing Expenditures

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FINANCIAL performance
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ANNUAL operating results
2003 2002 2001
Revenues 166,495,000 100,925,000
49,167,000 Gross Margin 96,756,000 55,506,000 34,5
52,000 Net Income (Loss) 2,803,000 2,702,000 (579,
000) EPS (Fully Diluted) 0.14 N/A N/A
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QUARTERLY operating results
Quarter Ended March 31,
2004 2003
Revenues 57,433,000 31,541,000 Gross
Margin 31,978,000 17,722,000 Net Income
639,000 330,000 EPS (Fully Diluted) 0.03 N/A
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SEGMENT operating results
Quarter Ended March 31, 2004
Revenue Operating Income
Enterprise Screening 36,019,000
1,900,000 Risk Mitigation 17,739,000 1,120,000 Con
sumer Direct 4,232,000 (17,000) Corporate and
Eliminations (557,000) (1,681,000) Total
57,433,000 1,322,000
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SELECTED financial data
March 31, 2004
Total Assets 316,622,000
Stockholders Equity 250,769,000 Long-term
Debt 35,843,000 Working Capital 6,722,000 Book
Value Per Share 11.71
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SUMMARY

• Excellent Market Position
• Increasing Demand for Risk Mitigation
• Scalable Technology
• Cross-sell Opportunities Within and Between
  Business Lines
• Innovative Products
• Strong National Sales Force of 100 Reps
• Financial Strength

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ANNUAL SHAREHOLDERS meeting
May 20, 2004