Saturday, December 19, 2009

ID Watchdog (OTC QZ: IDWAF: TSX: IDW): Does It Like No Other

Here's what interested me in this company- there are really only several companies that offer "Identity Theft Repair", and for the most part their claims are borderline fraudulent. Most Identity Theft Services will help you identify the entities that have false information, and send you a list of phone numbers. From there, you're on your own.

It's like Cancer. Early detection is the key to successful treatment. ID Watchdog is the only service that provides early detection through a vast monitoring network, and handles everything for you until all issues are resolved.

The company has developed its screening technology with the help of Federal Law Enforcement, the FTC, The US Postal Service, the Secret Service, and the Banking industry.

Once enrolled in their very moderately priced service, the company monitors all the databases you see listed on the table looking for unusual activity, and reports to you directly. In the event of Identity Theft, company guarantees a complete resolution to the problem. You give them limited power of attorney, and their specialists go to work for you until all issues are resolved- no exceptions.

As a result of the superior quality of their service, revs are growing rapidly. The $4.6 million the company delivered YTD through Q3 is a 39% improvement over the same period in '08. Customer retention rates are climbing very rapidly, suggesting recurring revenues will improve rather dramatically.

The company's customer base has changed dramatically in character for the better this year. The reason is two fold. Their marketing strategy has changed, and the back bone of their service has improved.

For starters, many "Affinity" organizations have started looking at the quality of their service, and are beginning to offer ID Watchdog as part of a benefits package. School districts are starting to adopt ID Watchdog as an option in the benefit package of their employees- Miami Dade, Frisco, Lake Worth, and others now offer the service. Through the school system benefit package alone, ID Watchdog will be offered to over 450,000 current system employees and retirees in 2010.

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