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

Exhibit 99.1

12395 First American Way, Poway, Calif. 92064

NEWS FOR IMMEDIATE RELEASE
Contacts:
Henri Van Parys	Cindy Williams
Corporate Communications Manager	Director - Investor Relations
727.214.1072	727.214.3438
henri.vanparys@FADV.com	cindy.williams@FADV.com

FIRST ADVANTAGE CORPORATION REPORTS OPERATING

RESULTS FOR THE SECOND QUARTER OF 2009

POWAY, Calif., July 27, 2009—First Advantage Corporation (NASDAQ: FADV)(“the Company”), a global risk mitigation and business solutions provider, today announced operating results for the second quarter ended June 30, 2009.

First Advantage reported income from continuing operations of $12.6 million for the quarter ended June 30, 2009, compared to $13.4 million for the quarter ended June 30, 2008. Net income attributable to First Advantage shareholders was $13 million (22 cents per share) in the quarter ended June 30, 2009, compared to $12.4 million in the quarter ended June 30, 2008 (21 cents per share including a loss on discontinued operations of $1.3 million or 2 cents per share). Results of operations for the quarter ended June 30, 2008 included a restructuring charge of $1.7 million ($1 million after tax or 2 cents per share) primarily related to the consolidation of facilities in the Employer Services and Lender Services segments.

Service revenue for the Company was $164.7 million and $182.4 million for the quarters ended June 30, 2009 and 2008, respectively.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were $33.2 million and $35.3 million for the quarters ended June 30, 2009 and 2008, respectively.

“During the second quarter, our Credit Services segment continued to benefit from higher mortgage refinance activity. While our automotive credit business revenue continued to be impacted by weak auto sales, Membership Services demonstrated a significant increase in service revenue,” stated Anand Nallathambi, president and chief executive officer.

“The Employer Services segment continued to track the rising rate of unemployment and the decline of the broader economic environment; however, we are pleased with the positive impact our cost reduction strategies have had on our operating margins.

“Transactional levels remained soft in the Investigative and Litigation Support Services segment. Based on the pipeline of sales activity, we anticipate strengthening demand in the future.”

First Advantage’s second quarter 2009 results will be discussed in more detail onMonday, July 27, 2009, at 5:00 p.m. ET, via teleconference and webcast. The teleconference dial-in number is 888.889.1652 within the U.S. and 210.795.9764 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 10, 2009, by dialing 888.562.2796 within the U.S., or 203.369.3746 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.

- more -

First Advantage Corporation Reports Operating Results for the Second Quarter of 2009

Page 2

Summary Consolidated Income Statement (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except per share amounts)	2009			2008			2009			2008
Service revenue	$	164,668		$	182,423		$	354,708		$	370,677
Reimbursed government fee revenue		13,341			13,122			26,319			27,147
Total revenue		178,009			195,545			381,027			397,824
Cost of service revenue		58,261			53,487			139,601			107,203
Government fees paid		13,341			13,122			26,319			27,147
Total cost of sales		71,602			66,609			165,920			134,350
Gross margin		106,407			128,936			215,107			263,474
Salaries and benefits		48,130			62,927			101,297			129,376
Facilities and telecommunications		6,865			8,084			13,524			16,284
Other operating expenses		18,597			22,909			37,944			45,743
Depreciation and amortization		10,895			10,726			21,581			20,622
Impairment loss		—			297			—			297
Total operating expenses		84,487			104,943			174,346			212,322
Income from operations		21,920			23,993			40,761			51,152
Other (expense) income:
Interest expense		(294	)		(1,075	)		(669	)		(1,500	)
Interest income		71			172			284			591
Total other (expense), net		(223	)		(903	)		(385	)		(909	)
Income from continuing operations before income taxes		21,697			23,090			40,376			50,243
Provision for income taxes		9,112			9,676			16,958			20,650
Income from continuing operations		12,585			13,414			23,418			29,593
Loss income from discontinued operations, net of tax		—			(1,264	)		—			(4,241	)
Net income		12,585			12,150			23,418			25,352
Less: Net loss attributable to non-controlling interest		(386	)		(238	)		(167	)		(325	)
Net income attributable to First Advantage Corporation (“FADV”)	$	12,971		$	12,388		$	23,585		$	25,677
Basic income per share:
Income from continuing operations attributable to FADV shareholders	$	0.22		$	0.23		$	0.40		$	0.50
Loss from discontinued operations attributable to FADV shareholders, net of tax		—			(0.02	)		—			(0.07	)
Net income attributable to FADV shareholders	$	0.22		$	0.21		$	0.40		$	0.43
Diluted income per share:
Income from continuing operations attributable to FADV shareholders	$	0.22		$	0.23		$	0.39		$	0.50
Loss from discontinued operations attributable to FADV shareholders, net of tax		—			(0.02	)		—			(0.07	)
Net income attributable to FADV shareholders	$	0.22		$	0.21		$	0.39		$	0.43
Weighted-average common shares outstanding:
Basic		59,776			59,435			59,681			59,297
Diluted		59,898			59,617			59,764			59,374
Amounts attributable to FADV shareholders:
Income from continuing operations, net of tax	$	12,971		$	13,652		$	23,585		$	29,918
Discontinued operations, net of tax		—			(1,264	)		—			(4,241	)
Net income	$	12,971		$	12,388		$	23,585		$	25,677
EBITDA calculation:
Net income attributable to First Advantage Corporation	$	12,971		$	12,388		$	23,585		$	25,677
Provision for income taxes		9,112			9,676			16,958			20,650
Interest expense		223			903			385			909
Loss from discontinued operations, net of tax		—			1,264			—			4,241
Depreciation and amortization		10,895			10,726			21,581			20,622
Impairment loss		—			297			—			297
Earnings before interest, taxes, depreciation and amortization (EBITDA)*	$	33,201		$	35,254		$	62,509		$	72,396

* EBITDA is not a measure of financial performance under generally accepted accounting principles. EBITDA is used by certain investors to analyze and compare companies.

- more -

First Advantage Corporation Reports Operating Results for the Second Quarter of 2009

Page 3

Segment Financial Information (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except percentages)	2009			2008			2009			2008
Service revenue
Credit Services	$	67,705		$	66,984		$	132,124		$	141,886
Data Services		28,842			19,533			87,942			38,500
Employer Services		40,168			55,511			77,619			109,198
Multifamily Services		19,685			19,986			37,588			38,335
Investigative & Litigation Support Services		8,694			21,178			20,420			44,681
Corporate		(426	)		(769	)		(985	)		(1,923	)
Consolidated	$	164,668		$	182,423		$	354,708		$	370,677
Income (Loss) from operations
Credit Services	$	17,584		$	11,961		$	32,331		$	28,308
Data Services		2,153			3,764			7,799			7,534
Employer Services		2,681			3,004			2,181			6,475
Multifamily Services		7,579			6,569			13,253			11,341
Investigative & Litigation Support Services		270			7,535			1,416			17,060
Corporate		(8,347	)		(8,840	)		(16,219	)		(19,566	)
Consolidated	$	21,920		$	23,993		$	40,761		$	51,152
Operating margin percentage of service revenue
Credit Services		25.97	%		17.86	%		24.47	%		19.95	%
Data Services		7.46	%		19.27	%		8.87	%		19.57	%
Employer Services		6.67	%		5.41	%		2.81	%		5.93	%
Multifamily Services		38.50	%		32.87	%		35.26	%		29.58	%
Investigative & Litigation Support Services		3.11	%		35.58	%		6.93	%		38.18	%
Corporate		N/A			N/A			N/A			N/A
Consolidated		13.31	%		13.15	%		11.49	%		13.80	%

- more -

First Advantage Corporation Reports Operating Results for the Second Quarter of 2009

Page 4

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; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif., and has offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500(R) 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 at www.firstam.com.

Certain statements in this press release, including those related to cost reduction initiatives and impact on improved efficiencies in the future quarters, product expansion and enhanced operational efficiencies, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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; interest rate fluctuations; changes in the real estate market; changes in employment trends; limit on access to public records; 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; heightened regulations and regulatory scrutiny; the degree and nature of the Company’s competition; increases in the Company’s expenses; inability to realize the benefits of offshore strategy; 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 2008 Annual Report on Form 10-K and any subsequent amendments, for a further discussion of these and other risks.

# # #