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EQUIFAX HAS RECORD YEAR IN 1993 SETS THEME OF 'INFORMATION LEADERSHIP' FOR 1994

 ATLANTA, Jan. 6 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) expects to announce that 1993 was a record year in revenue, profit, operating margin and productivity.
 The information marketing and decision support company continued its upward trend in both business performance and leadership in the information industry throughout the year.
 C.B. "Jack" Rogers, Equifax chairman and CEO, said: "Equifax's performance overwhelmed an economic year the experts said would underwhelm us all. We have expanded globally, opened new markets, accelerated development of innovative products and services. The results speak for themselves and put us in a fine position for continued growth in the future."
 Early in the year, Equifax realigned its business units into four separate industry groups (Financial Information Services, Insurance Services, General Information Services, and International Operations), each with full responsibility for current and future products in its own segment. Dan McGlaughlin was named president and chief operating officer responsible for all line units.
 The company lists these major accomplishments for 1993:
 -- Launched the company's health care information strategy, under General Information Services Group, including several strategic acquisitions, publication of the 1993 Harris-Equifax Health Information Privacy Survey Report, and sponsorship of the first national conference on health information privacy in Washington.
 -- Acquired Newbridge Inc. Insurance Services, the leading syndicator of Provider Sponsored Health Plans, as a subsidiary of Health Economics Corporation; and also acquired Cooperative Healthcare Networks, a national leader in the electronic processing of health care transactions.
 -- Published The Equifax Canada Report on Consumers and Privacy in the Information Age, the first ever privacy survey of Canadian consumers and a landmark study in the international dialogue on consumer affairs.
 -- Introduced North American Link, linking Equifax's U.S. and Canadian credit databases, allowing customers in either country to access both databases simultaneously with one inquiry.
 -- Formed a strategic alliance with IBM in which IBM subsidiary ISSC operates part of Equifax's worldwide computer data processing operations and related functions.
 -- Formed an alliance with Dun & Bradstreet North America to design unique solutions for small business risk assessment and jointly develop new products and services.
 -- Acquired Integratec, Inc., one of the nation's largest providers of outsourcing services to the credit industry; and the Ocala (Fla.) Credit Bureau, both as part of Financial Information Services Group.
 -- Introduced Property Loss Score, a property loss predictor for property and casualty insurers, from Insurance Information Services Group.
 -- Introduced CLUE UK, a claims history database for property and casualty insurers in the United Kingdom, from International Operations and Insurance Services.
 -- Reported record revenue levels for first, second and third quarters, with expectations that fourth quarter will follow suit.
 -- Made a public offering of $200 million of senior 10-year notes, which sold out in hours. The notes received investment-grade bond ratings from Moody's and Standard & Poor's.
 -- Increased stock price from $20.625 to $27.375, or 32.7%, against the Standard & Poor's 500 Stock Index increase of 7.1%. Market capitalization closed the year up at $2,050,000,000 compared to the 1992 close of $1,563,000,000.
 -- Ranked by Forbes magazine as eighth in profitability (5-year average return on equity) among a group of 30 leading business services companies and in the top third of 1,335 companies in 5-year earnings- per- share growth and 5-year stock market performance.
 -- Received the "Best Overall Initiative" award for 1993 by the Association of British Insurers for CLUE UK.
 -- Won the 1993 W. Howard Chase Award from The Issue Exchange for excellence in issue management for overall management of the privacy issue.
 For 1994, the Equifax theme of "Information Leadership for the Information Age" will drive the company's forward momentum while we maintain our pledge to provide the highest quality information solutions and decision support services to our customers, and to continue to treat consumers as valued customers.
 -0- 1/6/94
 /CONTACT: David J. Mooney, director, PR Corp Public Affairs, Equifax, 404-885-8117 or, home, 404-985-4418/
 (EFX)


CO: Equifax Inc. ST: Georgia IN: SU:

LV -- NYYFNS5 -- 9585 01/06/94 06:50 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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