SOURCE: Wymoo International


February 09, 2010 13:51 ET

Wymoo Targets Market for International Heir Searches

JACKSONVILLE, FL--(Marketwire - February 9, 2010) - 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.