Avert Inc. announces exclusive agreements with Ace Hardware.FORT COLLINS, Colo.--(BUSINESS WIRE)--April 25, 1995--Avert Inc. (Nasdaq National Market/AVRT), an information services See Information Systems. company that provides employment background checks to a growing nationwide customer base, today announced that it has signed two exclusive agreements to distribute Avert's services to Ace Hardware. In the first agreement with Ace Hardware Corporation, Avert will be the exclusive provider of employment background checking services for Ace Hardware corporate-owned locations. It is a two-year agreement and is automatically renewable from year to year after the two-year period, unless terminated by either party. Ace Hardware is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to purchase any services under the agreement. The second agreement is with Loss Prevention Services, Inc. (LPS LPS - Sets with restricted universal quantifiers. ["Logic Programming with Sets", G. Kuper, J Computer Sys Sci 41:44-64 (1990)]. ), a wholly-owned subsidiary of Ace Hardware, to perform marketing services for Avert to promote its employment background services to independently-owned Ace Hardware retailers and other clients or customers of LPS throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This is also a two-year agreement and is automatically renewable from year to year after the two-year period, unless terminated by either party. There is also no obligation to purchase any services under this agreement. "We are excited to be working with Ace Hardware and LPS and believe that our products and services will help Ace hire the most qualified employees possible," said Dean Suposs, president. "The nationwide exposure of Ace Hardware compliments our strategy to increase our national presence. We anticipate that it will be a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" agreement." Ace Hardware is a $2 billion company with approximately 3,700 employees nationwide. There are approximately 5,000 Ace Hardware locations throughout the country, most of which are independently-owned stores. Through its headquarters in Fort Collins, Avert is an information services company that provides employment background checking to over 4,600 employers nationwide. Products and services include criminal records, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. histories, driving records, previous employment verification, credit histories, education verification and social security number validation. CONTACT: Avert Inc., Fort Collins Dean Suposs, 303/484-7722 or Pfeiffer Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Inc., Denver Kim Smith, 303/393-7044 |
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