Equisearch Expands Range of Services to Include Escheat Reporting and Management

In addition to deep search and lost account location, Equisearch now able to
manage entire escheat process for companies holding unclaimed assets
ELMSFORD, N.Y.--(Business Wire)--
Equisearch, a leading provider of services for search and recovery of lost
financial assets, announced today that the company will now provide Escheat
Reporting services in addition to the deep search and lost account management
services the company has been providing for the past twenty years. With this
expansion, Equisearch now offers a complete end-to-end capability for handling
any company`s unclaimed or lost assets, no matter the value of the asset.

"Equisearch has long been a leader in pre-escheat services that help companies
of all kinds locate owners of accounts that have become dormant," said John C.
Buonomo. "Despite best efforts and intentions, sometimes account holders cannot
be located and in other instances they are not interested in participating in
the process of retrieving their assets. Instead of turning these cases back to
our clients, who then have to undertake the hardship of escheating the assets to
the states. We are now able to help clients see the process straight through to
the end by managing the process of escheating the asset to their state
government in accordance with their respective unclaimed property laws."

Equisearch has long been providing deep search and asset recovery services to a
range of entities within the financial services industry. The company`s core
competency continues to be locating and contacting lost account holders in an
attempt to restore rightful ownership of lost assets. Equisearch has an
excellent track record in locating and restoring accounts in large part because
the company deals with account holders in a transparent manner, disclosing the
value of the asset and its origins.

In some cases, however, these account holders simply cannot be found or they are
unwilling to participate in the process. After a certain period of time passes,
the companies holding these assets are required to report and escheat, or
forfeit, the assets to the state. Equisearch is now offering its clients the
expanded capability of managing the escheatment reporting process as well.

Escheatment laws vary from state to state and they are ever-changing as state
governments eye unclaimed property as a possible revenue source during difficult
economic times. Escheating unclaimed assets is an administrative burden that
Equisearch can now help relieve.

"We are now able to provide an all-encompassing and comprehensive service to our
clients with unclaimed assets on their books," Buonomo continued. "In these
difficult economic times, company executives need to be focused on the core
business functions and not on issues related to unclaimed property and
complicated escheatment laws. And because we have the systems, personnel and
capability to address assets of any size, we are now able to completely take the
responsibility of managing a lost account database off a client`s hands."

Equisearch believes demand for escheat reporting will continue to grow beyond
the financial service industry as state governments eye a range of companies
with escheatable assets.

About Equisearch:

Founded in 1988, Equisearch is a leading provider of lost account holder search
and recovery services in the unclaimed property industry. The company helps
financial institutions identify unclaimed financial assets and reunite them with
its rightful owner or heir using a variety of unique and proprietary search
methods. Since 2004, Equisearch has recovered more than 500,000 financial
accounts worth approximately $4.0 billion. Equisearch is based in Westchester
County, NY. Equisearch is a portfolio company of Palladian Capital Partners LLC,
www.palladiancap.com. For more information, please visit www.Equisearchinc.com.

GK Communications for Equisearch
Greg Kalish, 516-665-3292
gkalish@gkcomms.com

Copyright Business Wire 2009