SOURCE: Corporation Service Company

July 20, 2005 11:50 ET

Corporation Service Company® to Acquire Diligenz®, Inc.

WILMINGTON, DE -- (MARKET WIRE) -- July 20, 2005 -- Corporation Service Company® (CSC) announced today that it has executed a stock purchase agreement to acquire 100% of the stock of Diligenz®, Inc., headquartered in Mukilteo, WA. Closing is subject to regulatory approval.

The combination of CSC and Diligenz will bring together two highly respected companies in the legal services industry, providing both secured transaction and corporate services. Diligenz's unique online technology services for financial institutions and banks will complement CSC's blend of customer service and innovative solutions to legal and corporate customers. By combining these strengths, CSC will be in a position to offer a comprehensive array of high-quality services and technology to our customers.

"The addition of Diligenz's strong technology-focused service to our award-winning customer service, will enable CSC to provide the most comprehensive solution for our clients," said Bruce R. Winn, President and Chief Executive Officer of CSC. "Our clients are continuously seeking to reduce the risk associated with Revised Article 9 due diligence searching and filing. The combination of the companies is a natural fit and will allow us to provide even more workflow solutions to meet the needs of our customers."

About the Company

Corporation Service Company®, headquartered in Wilmington, Delaware, and operating in all 50 states, is a privately held, leading provider of legal and financial services for Fortune 500* companies, banks and law firms. Founded in 1899, CSC, which now employs nearly 1000 people, offers clients corporate compliance and governance services, entity management services, public record document and retrieval services, uniform commercial code services, litigation management and registered agent services, including its Custom SOP (Service of Process) product suite. For further information, visit the company website

* Fortune 500 is a registered trademark of The Time Inc. Magazine Company.

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