LONDON, England, 8 April 2009 — Loan Origination and Servicing software specialist, icenet has entered into an integration arrangement with Teletrack UK Ltd., the UK’s first and most rapidly growing specialised credit reference agency serving non-traditional lending markets.

Teletrack UK Ltd. and its US affiliate Teletrack, Inc. are both subsidiaries of First Advantage Corporation (NASDAQ: FADV), and offer customers a broad suite of leading edge credit and fraud risk solutions designed to meet the requirements of non-traditional lenders, including payday advance, installment loan and mail order companies.

Richard Carter, director with icenet said, “Partnering with Teletrack UK enables us to optimise our own plans of serving the emerging UK payday advance and existing installment lending markets. Teletrack’s position as the most established and largest credit reference agency serving these markets in the US makes them an ideal integration partner as we seek to meet the needs of new market entrants from the US, many of whom are existing Teletrack clients in that market.”

“icenet’s end-to-end solution and strong presence in the non-prime and niche lending markets complements Teletrack’s current and target customer base,” said Dale Williams, managing director of Teletrack UK and president of its US affiliate, Teletrack Inc. “icenet is a complete system that is designed to streamline and automate application processing and loan servicing. icenet’s focus on providing comprehensive solutions dovetails with Teletrack’s commitment to deliver targeted, non-traditional credit history and leading edge anti-fraud and consumer authentication solutions in combination with extensive credit performance information from the broader UK credit market.”

Expansion into non-traditional credit markets is increasing in the UK, with both the introduction of new products from traditional lenders and entry by US based companies offering short-term, alternative lending products.

“Teletrack’s experience in the US, as the one of the largest consumer reporting agencies serving the non-traditional credit markets, coupled with the company’s technical expertise and established UK business relationships makes Teletrack the ideal partner to serve the unique needs of icenet’s clients,” said Williams.

About icenet
icenet is an installment lending software specialist, supplying leading edge business solutions to the corporate and consumer lending market. The icenet approach centres on the swift implementation of highly functional software to support all business processes from point of sale application processing through to debt collection. icenet is a member of The Nostrum Group Limited, a private limited holding company which exists to facilitate the provision of business and IT outsource services. icenet head office is located in Harrogate, Yorkshire. For more information visit the icenet website at www.icenet.co.uk.