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Verified Person Inc. Secures $2 Million Financing From MMV Financial Inc.

Memphis, Tennessee
September 13, 2007

Verified Person Inc. (“Verified Person”), a leading provider of background screening services announces the completion of a US$2MM venture loan from Toronto-based MMV Financial Inc. Verified Person is a leader in the pre- and post-employment screening industry with the most comprehensive criminal data base in the industry. This combined with advanced search technology delivers faster, more accurate screening results at significantly lower prices.

"This financing enables Verified Person to aggressively continue its growth strategy, allowing us to invest in sales, marketing and client management as well as accelerating the development of key technology initiatives.” said Jim Davis, Chief Executive Officer of Verified Person. “Our clients understand the value of timely, accurate information that is easily accessible and are increasingly turning to Verified Person as their lead provider of background security checks.”

“We are very excited to fund our first investment in the State of Tennessee. Verified Person has an impressive leadership team that is focused on executing on its growth strategy.” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “We feel the Company is positioned to capitalize on recent client successes, continuing with its impressive growth.”

Verified Person Inc. is a privately held company with operations in Memphis and New York with investment from Rho Capital Partners and Sevin Rosen Funds.

 

      
Copyright ©2007 Rho Capital Partners, Inc.