SOURCE: Wymoo International

Wymoo International

October 04, 2010 16:50 ET

Wymoo Reports Rise in Global Background Check Cases

JACKSONVILLE, FL--(Marketwire - October 4, 2010) -  Wymoo International, a U.S.-based background check and private investigation company, reported today that activity for global background checks at the firm is up sharply compared to 2009 levels. Cases for international background checks have risen over 25% YTD, and management cites high levels of internet scams and fraud as partly fueling the growth. The increase has also been driven by a global rise in international business and personal relationships, especially those begun via the internet.

Fraud levels continue to rise in both developed and developing nations, and consumers and businesses are increasingly aware of the risk and are seeking ways to minimize it. Online dating, social networking sites, foreign hiring, and international business proposals are especially prone to fraud and scam operations. The risk in international relationships is greater than ever, and more clients are relying on Wymoo® for investigation and verification.

Despite the global recession, and no change in the Company's overall advertising budget, management expects a 40% growth rate for 2010. Business client case loads have seen a rise in due diligence and international background screening, and individual client case loads are up in response to online dating background checks and other international relationships. More clients are coming to Wymoo from client referrals and also a larger online presence of the company website and subsidiary websites are supporting the strong performance. 

Demand for international investigation services is up, and individual and corporate clients are increasingly depending on background check and due diligence services. Management expects these market trends to continue. "More consumers are realizing that in order to prudently hedge risk, and avoid scams and fraud, hiring a real international private investigator or company with international field investigators is essential. Searching generic databases from abroad isn't an option, especially in the developing nations," said Brent Cinnamond, President and CEO. "Our focus on maintaining professional field investigators around the world puts us in a unique position to uncover evidence and minimize risk for global clients." 

About Wymoo International

Wymoo International, LLC is an industry leader in global background checks and international private investigations. The firm specializes in verifying relationships for both individuals and companies around the world. The Florida-based company conducts background checks, due diligence, surveillance, pre-employment, scam and fraud screening, infidelity investigations, missing person searches and more. Wymoo offers confidential services with professional field investigators in over 100 countries. For more information, visit www.wymoo.com.