First Advantage (FA) 8-K First Advantage Corporation Reports

Exhibit 99.1

100 Carillon Parkway • St. Petersburg, FL 33716

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 THIRD QUARTER OF 2007

ST. PETERSBURG, Fla., Oct. 24, 2007—First Advantage Corporation (NASDAQ: FADV), a global risk mitigation and business solutions provider, today announced operating results for the third quarter ended Sept. 30, 2007.

First Advantage reported net income of $19.0 million (32 cents per diluted share) for the quarter ended Sept. 30, 2007, compared with net income of $18.6 million (32 cents per diluted share) for the quarter ended Sept. 30, 2006. The results include a pre-tax charge of $1.7 million ($1 million after tax or 2 cents per diluted share) for costs incurred in connection with continued planned operational consolidations in the Employer Services segment.

Service revenue for the company was $205.3 million and $198.6 million for the quarters ended Sept. 30, 2007 and 2006, respectively.

Earnings before interest, taxes, depreciation and amortization, minority interest and share-based compensation expense (adjusted EBITDA) were $48.6 million and $47.3 million for the quarters ended Sept. 30, 2007 and 2006, respectively.

“We are very pleased with the results for the quarter, which underscores the diversification of our business segments,” said Anand Nallathambi, president and chief executive officer. “Significant growth in our Investigative and Litigation Support Services segment, consistent results in our Multifamily Services segment and continued improvement in our Employer Services segment minimized the impact of the turmoil in the credit markets on our overall operating results.

“The Employer Services segment reported solid revenue growth with improved margins, excluding the costs incurred in connection with continued planned operational consolidations, during the third quarter as a result of international operations, cross-sell initiatives, product expansion and improved operational efficiencies.

“Margins were down in our Lender Services and Data Services segments from the third quarter of last year as these businesses face challenges due to market conditions that have negatively impacted mortgage applications and lead generation services.”

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

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First Advantage’s third quarter 2007 results will be discussed in more detail onWednesday, October 24, 2007, at 5:00 p.m. EDT, via teleconference and webcast. The teleconference dial-in number is 877.546.1565 within the U.S. and 212.547.0422 outside the U.S., and the passcode 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 November 7, 2007, by dialing 800.253.1054 within the U.S., or 203.369.3219 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.

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

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Summary Consolidated Income Statement (Unaudited)

	Three Months Ended Sept. 30,						Nine Months Ended Sept. 30,
(In thousands, except per share amounts)	2007			2006			2007			2006
Service revenue	$	205,306		$	198,605		$	614,546		$	571,564
Reimbursed government fee revenue		14,107			13,431			41,926			39,943
Total revenue		219,413			212,036			656,472			611,507
Cost of service revenue		56,603			62,020			178,621			177,762
Government fees paid		14,107			13,431			41,926			39,943
Total cost of sales		70,710			75,451			220,547			217,705
Gross margin		148,703			136,585			435,925			393,802
Salaries and benefits		67,865			60,414			207,685			177,794
Facilities and telecommunications		8,670			7,625			24,812			22,205
Other operating expenses		26,754			24,799			80,544			70,850
Depreciation and amortization		10,862			9,641			32,044			28,369
Income from operations		34,552			34,106			90,840			94,584
Interest (expense) income:
Interest expense		(2,946	)		(3,571	)		(9,269	)		(10,062	)
Interest income		323			252			975			554
Interest (expense) income, net		(2,623	)		(3,319	)		(8,294	)		(9,508	)
Equity in earnings of investee		865			747			2,315			1,407
Income before income taxes and minority interest		32,794			31,534			84,861			86,483
Provision for income taxes		13,610			12,151			35,058			36,038
Income before minority interest		19,184			19,383			49,803			50,445
Minority interest		231			759			1,260			2,439
Net income	$	18,953		$	18,624		$	48,543		$	48,006
Per share amounts:
Basic earnings per share	$	.32		$	.32		$	.83		$	.84
Basic weighted-average shares outstanding		59,064			58,096			58,799			57,282
Diluted earnings per share	$	.32		$	.32		$	.82		$	.83
Diluted weighted-average shares outstanding		59,222			58,155			59,121			58,035
EBITDA and adjusted EBITDA calculation:
Net income	$	18,953		$	18,624		$	48,543		$	48,006
Provision for income taxes		13,610			12,151			35,058			36,038
Minority interest		231			759			1,260			2,439
Interest expense		2,946			3,571			9,269			10,062
Depreciation and amortization		10,862			9,641			32,044			28,369
Earnings before interest, taxes, depreciation and amortization (EBITDA)*	$	46,602		$	44,746		$	126,174		$	124,914
Share based compensation expense		2,039			2,522			10,942			8,484
Adjusted EBITDA	$	48,641		$	47,268		$	137,116		$	133,398

* 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.

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

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Segment Financial Information (Unaudited)

	Three Months Ended Sept. 30,						Nine Months Ended Sept. 30,
(In thousands, except percentages)	2007			2006			2007			2006
Service revenue
Lender Services	$	35,110		$	44,072		$	123,580		$	135,023
Data Services		35,138			37,153			113,874			108,312
Dealer Services		28,720			31,993			88,364			92,790
Employer Services		59,013			53,399			171,534			139,901
Multifamily Services		19,699			18,616			56,980			54,068
Investigative & Litigation Support Services		28,051			14,336			62,289			44,451
Corporate		(425	)		(964	)		(2,075	)		(2,981	)
Consolidated	$	205,306		$	198,605		$	614,546		$	571,564
Income (Loss) from operations
Lender Services	$	6,660		$	14,603		$	31,002		$	42,469
Data Services		9,230			10,283			31,946			29,185
Dealer Services		4,150			4,913			11,238			13,814
Employer Services		6,550			5,960			18,460			13,961
Multifamily Services		6,076			4,933			16,256			13,023
Investigative & Litigation Support Services		11,056			2,666			17,672			8,822
Corporate		(9,170	)		(9,252	)		(35,734	)		(26,690	)
Consolidated	$	34,552		$	34,106		$	90,840		$	94,584
Operating margin percentage of service revenue
Lender Services		18.97	%		33.13	%		25.09	%		31.45	%
Data Services		26.27	%		27.68	%		28.05	%		26.95	%
Dealer Services		14.45	%		15.36	%		12.72	%		14.89	%
Employer Services		11.10	%		11.16	%		10.76	%		9.98	%
Multifamily Services		30.84	%		26.50	%		28.53	%		24.09	%
Investigative & Litigation Support Services		39.41	%		18.60	%		28.37	%		19.85	%
Corporate		N/A			N/A			N/A			N/A
Consolidated		16.83	%		17.17	%		14.78	%		16.55	%

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

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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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