JACKSONVILLE, FL -- 02/09/10 --
Wymoo International, a leading background
check and global private investigation company, announced today that it
will implement a new strategy to increase its focus on the business of
international heir searches. This increased emphasis in finding missing
heirs should support the Company's
long-term growth strategy and will increase its portfolio of service
offerings for global clients.
Demand for international genealogical research and international heir
searches has in turn fueled the demand for international private investigators. This
growing business segment is increasingly an important niche for the private
investigation industry. Wymoo will dedicate resources and marketing
strategy to target this growing market.
"We see significant opportunity in the market for international heir
searches," said David Wilkerson, Vice President and COO. "Our global team
of field investigators and our business relationships in genealogical
research are already in place. Our experience in missing person
investigations makes this a natural and synergistic move for us."
Management expects this segment to help support the Company's high growth
rate and rising market share.
The focus on international markets has enabled Wymoo® to deliver solid
profit margins, and to capitalize on the rising demand for international background
checks, pre-employment screening, and international due diligence
services. Wymoo is a leader for investigations in emerging markets such as
Asia, Latin America, Africa and Eastern Europe.
High client satisfaction rates and a partial economic recovery in some
markets enabled the company to achieve a 35% growth rate in 2009, and
projections for 2010 are calculated at a 20% growth rate. In addition to
the rise in international heir searches, the Company expects internet scams
and fraud, dating background
checks, infidelity cases, and increases in foreign hiring and
international due diligence to remain high. Wymoo's focus on client service
and professional field investigators continues to earn the firm market
share in the private investigation and background check industry outside
the United States.
About Wymoo International
Wymoo International, LLC is an industry leader in international private
investigations and global background checks. The firm specializes in
verifying business and personal relationships for individuals and companies
around the world. The Florida based company provides due diligence,
background checks, surveillance, infidelity investigations, fraud and scam
screening, as well as international heir and missing person searches. Wymoo
currently offers confidential services in over 100 countries. For more
information, visit the Company website.
