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FOREWARN Partners with REALTOR® Association of Acadiana

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FOREWARN, LLC, a leading provider of real-time information solutions (NASDAQ: RDVT), announced a partnership with the REALTOR® Association of Acadiana (RAA) to offer its services to over 1,500 real estate agents. This initiative aims to enhance agent safety by allowing them to verify identities and assess risks using data analytics. The services are provided at no extra cost to RAA members, promoting proactive safety measures in real estate transactions. Instructions for activating subscriptions were distributed to existing RAA members on June 3, 2020.

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  • Partnership with RAA to provide FOREWARN services at no additional cost to over 1,500 agents.
  • Enhanced safety for real estate agents through identity verification and risk assessment tools.
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BOCA RATON, Fla., June 04, 2020 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ: RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that the REALTOR® Association of Acadiana (“RAA”) has contracted to make FOREWARN® services available for the 1,500+ REALTOR® members it serves throughout the six parishes of Lafayette, Vermilion, Acadia, St. Martin, St. Landry and Iberia, in an effort to promote proactive real estate agent safety.

Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients such as financial and asset information -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.

The FOREWARN services purchased by RAA will be available to RAA’s entire 1,500+ real estate agent membership at no additional cost to individual agents.

“We are thrilled to be providing FOREWARN as an essential benefit for all our members,” said Susan Holliday, CEO of the REALTOR® Association of Acadiana. “Agents face so many unknown risks and we felt it was important for us to provide a proactive safety and intelligence tool to help our members quickly verify identity and risk so they can work with greater peace of mind in their daily interactions.”

On June 3, 2020, existing RAA members received specific instructions on how to move forward with activating their FOREWARN subscription.

All other real estate agencies and agents can learn more about FOREWARN at www.forewarn.com.

About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information, such as financial and asset information. Risk assessment and due diligence at your fingertips™.

RELATED LINKS: www.forewarn.com

About red violet®
At red violet, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most - running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our analytics and information solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, recovering debt, identifying fraud and abuse, and ensuring legislative compliance, to identifying and acquiring customers. At red violet, we are dedicated to making the world a safer place and reducing the cost of doing business. For more information, please visit www.redviolet.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address real estate agent safety and whether FOREWARN will help the RAA real estate agents verify identity and risk so they can work with greater peace of mind in their daily interactions. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com


FAQ

What services does FOREWARN provide for real estate agents?

FOREWARN provides identity verification, risk assessment, and access to criminal history data to real estate agents.

How many REALTOR® members are benefiting from the FOREWARN services?

Over 1,500 REALTOR® members of the REALTOR® Association of Acadiana are benefiting from FOREWARN services.

When did RAA members receive instructions to activate their FOREWARN subscription?

RAA members received specific instructions on activating their FOREWARN subscription on June 3, 2020.

What is the main goal of the partnership between FOREWARN and RAA?

The main goal is to promote proactive safety for real estate agents by providing tools to mitigate risks.

Is there a cost for RAA members to use FOREWARN services?

No, the FOREWARN services are provided at no additional cost to individual RAA members.

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