First Advantage Sells Shares of DealerTrack Holdings, Inc.

October 24, 2007

ST. PETERSBURG, Fla., -- First Advantage Corporation (Nasdaq: FADV), announced the sale of 2.875 million shares of DealerTrack Holdings, Inc. ("DealerTrack") common stock. The sale will result in a gain, before taxes, of approximately $97.7 million or 96 cents per diluted share. "The sale of DealerTrack stock will fortify First Advantage's financial position and provides us with additional means to pursue strategic growth opportunities in our core businesses," said Anand Nallathambi, president and CEO of First Advantage.

"We provide more than 20 million credit reports annually to the automotive market through more than 40 strategic marketing partners," added Nallathambi. "We look forward to continuing the strategic business relationship established between this valued partner and our Dealer Services segment."

First Advantage will discontinue using the equity method of accounting for its remaining investment in DealerTrack, which will be accounted for on the cost method. After the sale, First Advantage's subsidiary, Credit Management Solutions, Inc., will continue to own approximately 2.5 million shares of DealerTrack common stock, or 6 percent of the outstanding shares.

Source: First Advantage Corporation


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.