HISTORICAL PERSPECTIVE

Founded in 1977, CARCO Group, Inc., a privately-held corporation, began operations with offices located in St. James, New York (approximately two miles from the State University of New York at Stony Brook). The company's objective was to become a leader in providing select business information services in specific geographic areas - an objective long since achieved.

The company, first and foremost, is in the business of providing leading-edge fraud deterrent/detection services to niche markets. By focusing on a single line of service, where it could rapidly achieve a high level of expertise and efficiency, and embracing a strong customer-driven attitude, CARCO has been able to provide advantages over its competition and acquire a leadership position in the business sectors it serves.

Initially providing underwriting report services (Insurance Services Division) brought about by a legislative mandate to the New York insurance community, CARCO quickly expanded its services to Massachusetts, New Jersey, California, Florida, and Rhode Island. CARCO successfully penetrated this market to become the leader in the industry. Coupled with two successive acquisitions of competitor companies within a span of eighteen months, the company now represents virtually every insurance carrier that writes automobile physical damage insurance in those states that have inspection regulations (including their Assigned Risk Markets), with an industry-leading national and international inspection site network of approximately 7,000 locations.

Following its success in the insurance inspection market, CARCO expanded its business focus by providing employee screening services (Research Division) on job applicants and new hires for some of the most prestigious organizations in the securities and banking industries, and the petrochemical industries as well. Continued development of leading-edge software programs, including the proprietary ZipCrim™ product line, and other customized employee screening offerings, has enabled the company to expand its investigative services to a multi-industry national client base.