SOURCE: Philippine PI

Philippine PI

July 08, 2010 10:08 ET

Philippine PI Reports Increase in Philippines Background Checks

JACKSONVILLE, FL--(Marketwire - July 8, 2010) -  Philippine PI, a U.S. based professional private investigation firm specializing in Philippines background checks and discreet investigation services, announced today that contracts for background checks nearly doubled YTD versus 2009. An increase in client referrals and high fraud levels both supported the growth.

Philippine PI™ currently makes up the largest team of private investigators operating in the Philippines, with 14 full time professional field investigators on the ground throughout the country. In addition, agents and support staff are in Manila and Cebu, while the firm maintains a U.S. management team. Corporate customers now represent approximately 40% of the firm's investigation portfolio. Management expects both individual and corporate case loads to continue to grow, and the growth rate for 2010 is projected at 30%.

With the lack of professionally trained investigators in the Philippines, Philippine PI has filled an important niche market. Global clients rely on the Company to operate according to U.S. business practices, and Philippine PI™ is dedicated to the highest quality service. The firm is verified by Truste, McAfee and the U.S. Better Business Bureau. All hired Philippines private investigators must have a proven track record in military or federal law enforcement. Many on the team are former agents of agencies such as the NBI (National Bureau of Investigation), the PNP (Philippine National Police), and the AFP (Armed Forces of the Philippines).

High risk for business fraud and romance scams in the Philippines has fueled demand for background checks, and demand is expected to remain strong through 2012. "Many clients are referred to us from previous or existing clients, from Embassies and even from Philippine police and government agencies, who have limited ability to investigate all the crimes and private affairs," said William J. Carter, Vice President of Private Investigations. "We expect our high growth rate to continue as our team of Philippine private detectives fills the need for trained professionals, and as our focus on client service generates more referrals."

About Philippine PI™

Philippine PI, LLC is a leading investigation and background check company specializing in the Philippines and Southeast Asia. The firm specializes in verifying personal and business relationships for clients around the globe. The U.S. managed company provides confidential private investigations, pre-marital and pre-employment, due diligence, background checks, surveillance, infidelity investigations, fraud and romance scam screening, process server, and missing person searches. Philippine PI™ is a subsidiary of Wymoo® International.