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EDR ACQUIRES FNIS' ENVIRONMENTAL SERVICES DIVISIONS, INCLUDING ASSETS FORMERLY OWNED BY VISTAINFO AND ECOSEARCH

Southport, CT – On Monday, March 25, 2002, Environmental Data Resources, Inc. (“EDR”) acquired certain assets of Fidelity National Information Solutions’ (“FNIS”) environmental business units, including assets previously owned by VISTAinfo and EcoSearch Environmental Resources, Inc.

FNIS transitioned the company’s environmental operations to EDR on March 25, 2002. In preparation for the acquisition, EDR increased its customer service team to a total of 63 professionals, and launched a new environmental database report to assist in making the transition of clients from VISTAinfo and EcoSearch to EDR as seamless as possible.

Anthony Buonicore, CEO of EDR, commented, “This transaction will generate significant benefits for the marketplace in general and VISTAinfo and EcoSearch clients in particular. We have diversified our product offering in order to provide new clients with an easy transition, and we continue to make significant investments in the digitization of our historical product line that will allow us to pass on time and cost savings to our clients. EDR is committed to providing all of our clients unsurpassed customer service coupled with the highest quality government records check and property prior use information. The acquisition gives VISTAinfo clients access to the benefits of our historical information digitization program, and newly expanded government records product line."

FNIS President and COO Eric Swenson commented, “FNIS’ primary customers are residential lenders and real estate professionals, and our mission is to provide them with comprehensive data, solutions and services that increase their productivity and enhance their earning potential by positioning them at the point of sale. While our environmental services division has been a leader in the environmental risk management industry, the services provided this division were primarily used by commercial lenders and the engineering community, neither of which are prime markets for our organization. Since EDR is focused on providing services to these market segments, this transaction is strategic for both parties.”

Environmental Data Resources, Inc. (EDR) is a national provider of environmental information. EDR is a one-stop shop, offering current and historical environmental risk management information, an environmental market newsletter, training workshops, and state-of-the-art online services including interactive mapping. EDR is headquartered in Southport, Connecticut. Twenty two regional offices are located throughout the United States. EDR is wholly owned by DMG Information, Inc., the business information division of Daily Mail and General Trust, plc (DMGT). Other DMGI companies include Sanborn, Risk Management Solutions, Inc., and Landmark Information Group Ltd. in the United Kingdom.

You can learn more about EDR and this latest strategic development at www.edrnet.com and www.dmginfo.com.

 

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