First Advantage (FA) 8-K Results of Operations and Financial Condition

Exhibit 99.1

NEWS FOR IMMEDIATE RELEASE

Contacts:

Henri Van Parys            Cindy Williams

Corporate Communications Manager             Investor Relations Manager

727.214.3411, ext. 4136              727.214.3411, ext. 4160

henri.vanparys@FADV.com        clwilliams@FADV.com

FIRST ADVANTAGE CORPORATION REPORTS

OPERATING RESULTS FOR THE SECOND QUARTER OF 2007

ST. PETERSBURG, Fla., July 25, 2007—First Advantage Corporation (NASDAQ: FADV), a global risk mitigation and business solutions provider, today announced operating results for the second quarter ended June 30, 2007.

First Advantage reported net income of $18.3 million (31 cents per diluted share) for the quarter ended June 30, 2007, compared with net income of $16.6 million (29 cents per diluted share) for the quarter ended June 30, 2006.

Total revenue for the company was $221.0 million and $205.1 million for the quarters ended June 30, 2007 and June 30, 2006, respectively.

Earnings before interest, taxes, depreciation and amortization, minority interest and share-based compensation expense (adjusted EBITDA) were $48.8 million and $46.6 million for the quarters ended June 30, 2007 and 2006, respectively.

“This quarter, we continue to see the benefits of our strategic growth initiatives”, said Anand Nallathambi, president and chief executive officer. “Our Employer Services segment had solid revenue growth during the second quarter as a result of international cross-sell initiatives, product expansion and enhanced operational efficiencies. Although we experienced some volatility in the mortgage industry, our Lender Services segment continues to perform well as the result of increased market share and product mix.

“Margins were improved in our Data Services, Multifamily Services and Investigative and Litigation Support Services segments from the second quarter of last year. As for our Dealer Services segment, the subprime automotive lead processing business continues to face challenges due to market conditions and reorganization of the operations. The automotive credit portion, the bigger piece of the segment’s business, produced consistent growth in credit transactions as a result of increasing market share.”

First Advantage Corporation Reports Operating Results for the Second Quarter of 2007

First Advantage’s second quarter 2007 results will be discussed in more detail onWednesday, July 25, 2007, at 5:00 p.m. EDT, via teleconference and webcast. The teleconference dial-in number is 888.791.1856 within the U.S. and 773.799.3727 outside the U.S. The teleconference pass code is “Advantage”. The live audio webcast of the call will be accessible from the Investor Relations section of First Advantage’s Web site atwww.FADV.com. An audio replay of the teleconference call will be available through August 8, 2007, by dialing 866.501.2958 within the U.S., or 203.369.1826 outside the U.S. An audio archive of the webcast will also be available for replay on First Advantage’s Web site following the call.

First Advantage Corporation Reports Operating Results for the Second Quarter of 2007

Summary Consolidated Income Statement (Unaudited)

(In thousands, except per share amounts)	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
Service revenue	$	207,353		$	191,740		$	409,240		$	372,959
Reimbursed government fee revenue		13,618			13,383			27,819			26,512
Total revenue		220,971			205,123			437,059			399,471
Cost of service revenue		60,830			59,153			122,018			115,742
Government fees paid		13,618			13,383			27,819			26,512
Total cost of sales		74,448			72,536			149,837			142,254
Gross margin		146,523			132,587			287,222			257,217
Salaries and benefits		65,850			58,746			139,820			117,380
Facilities and telecommunications		8,117			7,529			16,142			14,580
Other operating expenses		27,541			23,500			53,790			46,051
Depreciation and amortization		10,737			9,518			21,182			18,728
Income from operations		34,278			33,294			56,288			60,478
Interest (expense) income:
Interest expense		(3,097	)		(3,250	)		(6,323	)		(6,491	)
Interest income		311			162			652		��	302
Interest (expense) income, net		(2,786	)		(3,088	)		(5,671	)		(6,189	)
Equity in earnings of investee		670			551			1,450			660
Income before income taxes and minority interest		32,162			30,757			52,067			54,949
Provision for income taxes		13,346			13,387			21,448			23,887
Income before minority interest		18,816			17,370			30,619			31,062
Minority interest		469			733			1,029			1,680
Net income	$	18,347		$	16,637		$	29,590		$	29,382
Per share amounts:
Basic earnings per share	$	.31		$	.29		$	.50		$	.52
Basic weighted-average shares outstanding		58,954			57,730			58,665			56,868
Diluted earnings per share	$	.31		$	.29		$	.50		$	.51
Diluted weighted-average shares outstanding		59,445			57,929			59,130			58,019
EBITDA and adjusted EBITDA calculation:
Net income	$	18,347		$	16,637		$	29,590		$	29,382
Provision for income taxes		13,346			13,387			21,448			23,887
Minority interest		469			733			1,029			1,680
Interest expense		3,097			3,250			6,323			6,491
Depreciation and amortization		10,737			9,518			21,182			18,728
Earnings before interest, taxes, depreciation and amortization (EBITDA)*	$	45,996		$	43,525		$	79,572		$	80,168
Share based compensation expense		2,846			3,112			8,903			5,962
Adjusted EBITDA	$	48,842		$	46,637		$	88,475		$	86,130

* EBITDA and adjusted EBITDA are not measures of financial performance under generally accepted accounting principles. EBITDA and adjusted EBITDA are used by certain investors to analyze and compare companies.

First Advantage Corporation Reports Operating Results for the Second Quarter of 2007

Segment Financial Information (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except percentages)	2007			2006			2007			2006
Service revenue
Lender Services	$	42,833		$	45,649		$	88,470		$	90,951
Data Services		38,694			35,278			78,736			71,159
Dealer Services		29,877			31,168			59,644			60,797
Employer Services		57,823			46,840			112,521			86,502
Multifamily Services		19,676			18,759			37,281			35,452
Investigative & Litigation Support Services		18,940			15,069			34,238			30,115
Corporate		(490	)		(1,023	)		(1,650	)		(2,017	)
Consolidated	$	207,353		$	191,740		$	409,240		$	372,959
Income (Loss) from operations
Lender Services	$	11,686		$	14,385		$	24,342		$	27,866
Data Services		10,995			9,267			22,716			18,902
Dealer Services		3,576			4,973			7,088			8,901
Employer Services		6,799			5,663			11,910			8,001
Multifamily Services		5,866			4,886			10,180			8,090
Investigative & Litigation Support Services		4,430			3,087			6,616			6,156
Corporate		(9,074	)		(8,967	)		(26,564	)		(17,438	)
Consolidated	$	34,278		$	33,294		$	56,288		$	60,478
Operating margin percentage of service revenue
Lender Services		27.28	%		31.51	%		27.51	%		30.64	%
Data Services		28.42	%		26.27	%		28.85	%		26.56	%
Dealer Services		11.97	%		15.96	%		11.88	%		14.64	%
Employer Services		11.76	%		12.09	%		10.58	%		9.25	%
Multifamily Services		29.81	%		26.05	%		27.31	%		22.82	%
Investigative & Litigation Support Services		23.39	%		20.49	%		19.32	%		20.44	%
Corporate		N/A			N/A			N/A			N/A
Consolidated		16.53	%		17.36	%		13.75	%		16.22	%

First Advantage Corporation Reports Operating Results for the Second Quarter of 2007

About First Advantage Corporation

First Advantage Corporation (NASDAQ: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; renters insurance and consumer location services. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has more than 4,700 employees in offices throughout the United States and abroad. More information about First Advantage can be found atwww.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500^® company that traces its history to 1889. First American is America’s largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people’s lives. Additional information about the First American Family of Companies can be found atwww.firstam.com.

Certain statements in this press release are forward looking. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: general volatility of the capital markets and the market price of the company’s Class A common stock; the company’s ability to successfully raise capital; the company’s ability to identify and complete acquisitions and successfully integrate businesses it acquires; changes in applicable government regulations; the degree and nature of the company’s competition; increases in the company’s expenses; continued consolidation among the company’s competitors and customers; unanticipated technological changes and requirements; the company’s ability to identify suppliers of quality and cost-effective data; and other risks identified from time-to-time in the company’s SEC filings. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Investors are advised to consult the company’s filings with the SEC, including its 2006 Annual Report on Form 10-K and subsequent amendments, for a further discussion of these and other risks.

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