HireRight, Inc. Reports Second Quarter 2007 Results.

* Service revenue increased 19.7% to $16.8 million

* Gross profit increased 28.5% to $9.4 million, yielding a margin of 56.2%

* Operating margin increased to 18.6%

IRVINE, Calif. -- HireRight, Inc. (NasdaqGM: HIRE), a leading provider of on-demand employment screening

Service revenue for the quarter ended June 30, 2007 increased 19.7% to $16.8 million, compared to $14.0 million in the quarter ended June 30, 2006. The change was a result of an increase in new customers as compared to the three months ended June 30, 2006, as well as the sale of additional products and services to existing customers and further rollout of our screening services to other divisions by our enterprise customers. Gross profit for the quarter rose to $9.4 million from $7.4 million in the prior year quarter. Gross profit as a percentage of service revenue rose to 56.2%, a 380 basis point increase as compared to the quarter ended June 30, 2006.

Income from operations was $3.1 million for the second quarter of 2007, compared to $2.5 million during the same prior year period. Net income was $1.9 million for the quarter ended June 30, 2007 compared to $2.4 million for the quarter ended June 30, 2006. The decrease in net income was the result of a $1.3 million income tax expense in the current period, compared with $0.1 million during the three months ended June 30, 2006. Income tax expense in the second quarter of 2006 benefited from a full valuation allowance against the Company's deferred tax assets, as the Company had not concluded that it was more likely than not that it would be able to realize substantially all of its net deferred tax assets. The effective tax rate for the current quarter was approximately 41%.

Conference Call

HireRight's second quarter results and related matters including guidance will be discussed in more detail during a conference call today, September 13, 2007 at 5:00 pm Eastern Time, via teleconference and webcast. The dial-in number is (800) 638-5495 within the United States, and (617) 614-3946 outside the United States. The teleconference pass code is 95911384. You can also access a live broadcast of the call by visiting our website at http://ir.hireright.com. A replay will be available for one month at the same web address or by phone at (888) 286-8010 or (617) 801-6888, outside the United States, with pass code 61766431.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This message may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, our expectations regarding our financial condition and results of operations. Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Important factors that may cause such a difference include, but are not limited to, the various risks and uncertainties described in the "Risk Factors" section of our Registration Statement on Form S-1, and the general economic and political conditions and specific conditions that may impact our operations. Further information on HireRight, Inc., including additional risk factors that may affect our forward looking statements, is contained in our Registration Statement on Form S-1 and our other SEC filings that are available through the SEC's website (www.sec.gov).

About HireRight

HireRight is a leading provider of on-demand employment background and drug screening solutions that help organizations efficiently implement, manage and control their employment screening programs.

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