DBT's AutoTrackXP.com Secure, Anti-Fraud Web Site Listed on GSA Award Schedule.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 8, 1999-- DBT DBT Department of Biotechnology (India) DBT Dibenzothiophene DBT Drive-By Truckers (band) DBT Design Basis Threat DBT Deutscher Bundestag (German Parliament) Online, Inc. (NYSE NYSE See: New York Stock Exchange : DBT) announced that its AutoTrackXP.com(SM) secure, anti-fraud, anti-crime web site, as well as its AutoTrackPLUS(SM) and AutoTrackXP(SM) dial-up services An information service on demand. The term was popular when analog modems were the only way to connect to a remote system. See dial-up. , have been listed on the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. Award Schedule under contract number GS-23F-0069J, enabling any qualified federal agency to quickly and easily subscribe without competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. . Charles A. Lieppe, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DBT Online, said the GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. listing assists in opening AutoTrack to all branches and departments of the federal government, including every executive department and branch of the military service, and more than 50 independent federal agencies. Obtaining the GSA listing is part of the Company's strategic plan to accelerate growth by increasing AutoTrack's penetration in the law enforcement, government and defense markets at federal, state, and local levels. James S. Milford, VP of Law Enforcement Sales, said the award guarantees specific rates for the AutoTrack PLUS(SM) DOS dial-up service, the AutoTrackXP(SM) Windows 95/98(R) dial-up service, and the new www.autotrackxp.com web site for secure Internet access. The GSA (www.gsa.gov), the central management agency in the federal government, is focused on enabling federal employees to access supplies, services and solutions at the best possible value. With a GSA award in place, government agencies can quickly obtain this valuable service saving the time and expense of a competitive bid process. George A. Bruder, Jr., VP of Government Sales, said AutoTrack enables qualified professionals to instantly search more than 4 billion current and historical public records that are intelligently cross-linked for the investigator to find valuable information. This increases an investigator's ability to quickly solve crimes, locate people and assets, and detect and prevent fraud more efficiently. Using a personal computer, investigators, analysts and researchers can develop useful information within in a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
Both Milford and Bruder noted that the DBT family of AutoTrack products features its "DBT Secure Technology" which prevents anybody inside or outside the Company from tracking what records a law enforcement user is researching. About DBT Online, Inc. DBT Online, Inc. (www.dbtonline.com) is the fastest growing nationwide provider in the new market for online investigative information services See Information Systems. . Qualified businesses, such as insurance companies and financial institutions, as well as law enforcement and government agencies turn to DBT's AutoTrackPLUS(SM), AutoTrackXP(SM), and www.autotrackxp.com online services, as well as DBT's other custom solutions, to solve more crimes, locate people and assets faster, and detect and prevent fraud more efficiently. With more than 23 terabytes of capacity, DBT's database is one of the country's largest depositories of public records combined with other information. DBT currently has more than 14,000 subscribers, including investigators at more than 1,400 federal, state, and local law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). . DBT also provides its services to several non-profit organizations to assist their search efforts. For the first quarter ended March 31, 1999, consolidated revenues and royalties increased 32% to $16.4 million and net income increased 19% to $1.9 million or $0.10 per share on a diluted basis. DBT's Electronic Information Group operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. rose 82% on revenue growth of 38% as DBT continued to strengthen its investments in marketing and sales and research and development while building overall operating margins. For the year ended December 31, 1998, consolidated revenues and royalties increased 43% to a record $54 million and net income increased 12% to $7 million or $0.35 per share on a diluted basis. Electronic Information Group's revenues grew 52% while DBT invested in its new data centers and entered new markets to fuel future growth. Forward-Looking Statements: Information contained above with respect to the Company's Results of Operations, regarding expected future events and financial results, is forward-looking and subject to risks and uncertainties. Those statements are forward-looking statements within the meaning of Section 31E of the Securities Exchange Act of 1934. The following important factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the forward-looking statements: (i) the ability to manage DBT's rapid expansion, (ii) protecting DBT's proprietary technology, (iii) impact of future government regulation on the availability of public records, and (iv) the extent, timing and success of competition from other database providers. |
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