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ChoicePoint® Acquires The Bode Technology Group

ALPHARETTA, GA. – May 1, 2001 – ChoicePoint (NYSE: CPS) has acquired The Bode Technology Group, a Virginia-based provider of DNA identification services to state and federal government agencies as well as private industry.

“Bode is recognized as a premier provider of DNA identification services, especially for the law enforcement community,” noted ChoicePoint Chairman and CEO Derek V. Smith. “Combining Bode’s expertise in the growing field of DNA as an information tool with ChoicePoint’s standing as the nation’s leading identification and credential verification provider fits perfectly within our business model.”

“Becoming part of the ChoicePoint family of companies is great news for our employees and the customers we support,” according to Tom Bode, General Manager of The Bode Technology Group. “Backed by ChoicePoint’s resources and experience, we will be poised to take advantage of the explosive growth in DNA identification services, allowing us to become the leading DNA identification service provider.”

Founded in 1995, Bode is accredited by the National Forensic Science Technology Center. Bode currently supports seven state-mandated felon offender DNA databases and performs criminal DNA casework and advanced research on DNA identification techniques. Bode plans to continue to focus on these fast growing areas, but does not conduct medical genetic testing nor does the company plan to do so in the future.

“ChoicePoint is built on the belief that the responsible use of information can help make our world a safer place,” said Smith. “The use of DNA to identify criminals has revolutionized law enforcement, but we haven’t seen yet all of the ways DNA can be used to help improve the justice system. Ultimately, the benefits to society that will flow from the responsible use of DNA identification will be dramatic.”

The Bode Technologies transaction is not expected to have a material impact on ChoicePoint’s financial results and will be accounted for by the company as a purchase transaction.

About ChoicePoint
ChoicePoint is the leading provider of credential verification and identification services for making smarter decisions in today’s fast-paced world. The Company serves the information needs of insurance, business, government and individual customers, including Fortune 1000 corporations, asset-based lenders and professional service providers, and federal, state and local governments. ChoicePoint is committed to the responsible use of information and the protection of personal privacy as fundamental planks of the Company’s business model.

About The Bode Technology Group
The Bode Technology Group, Inc. is a research, development, and analysis firm specializing in biotechnology. Located just south of Washington, D.C. in northern Virginia, Bode serves clients all across the United States and throughout the entire global community. For more information, visit www.bodetech.com.

ChoicePoint is a registered trademark of ChoicePoint Asset Company.

 

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