<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

                                                                    EXHIBIT 99.1



                  FIRST ADVANTAGE CORPORATION REPORTS OPERATING
                     RESULTS FOR THE SECOND QUARTER OF 2004

ST. PETERSBURG, Fla., July 20, 2004--First Advantage Corporation (NASDAQ: FADV),
a risk mitigation business solutions provider, today announced operating results
for the second quarter of 2004.

First Advantage reported net income of $3.2 million (15 cents per diluted share)
for the quarter ended June 30, 2004, compared to net income of $0.6 million (3
cents per diluted share) for the quarter ended March 31, 2004. Net income for
the quarter ended June 30, 2003, was $2 million (10 cents per diluted share).

Revenues for the company were $68.9 million and $57.4 million for the quarters
ended June 30, 2004, and March 31, 2004, respectively. First Advantage's revenue
was $37.4 million for the quarter ended June 30, 2003.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were
$9.2 million and $3.9 million for the quarters ended June 30, 2004, and March
31, 2004, respectively.

During the second quarter of 2004, First Advantage completed four acquisitions
to continue executing the growth strategy it initiated following the company's
formation in June 2003. These recent acquisitions added three new business lines
- computer forensics and electronic discovery, enterprise tax credits and
incentives services, and property management software -and created-cross sell
opportunities for First Advantage in both new and existing markets.

"We are very pleased with our second quarter results," said John Long, chief
executive officer and president of First Advantage Corporation. "Our integration
efforts are beginning to bear fruit with strong results from our Enterprise
Screening segment. Resident screening integrations are going extremely well and
our employment background and drug screening companies are benefiting from the
successful integration of smaller acquisitions and an improved hiring
environment. Also contributing to the segment's performance is the recent
acquisition of CIC Enterprises, which mainly provides employment-related tax
credit and incentive services.

"During the remainder of 2004, we will continue to focus significant resources
on operational consolidation to deliver additional cost savings as we move
clients to First Advantage's platforms. We expect to complete the migration of
our Concord, Calif., employment background screening operations to our core
facility in St. Petersburg, Fla., in the fourth quarter, which will benefit our
earnings in 2005. Drug screening consolidations are targeted to be largely
complete by the end of the first quarter of 2005.

                                    - more -
<PAGE>

First Advantage Corporation Reports Operating Results for the Second Quarter of
2004
Page 2

"We expect third quarter results to benefit from continued consolidation efforts
and from a full quarter of operating results from the acquisitions closed in the
second quarter. As we look ahead to fourth quarter, volumes in our Enterprise
Screening segment historically decrease due to the holiday season and related
declines in hiring and apartment rental activity. Therefore, we anticipate this
to result in a decrease in earnings in the fourth quarter as compared to third
quarter. For the year ending Dec. 31, 2004, we are estimating diluted earnings
per share to be in the range of 46 to 52 cents and total revenue of
approximately $265 million."

Summary Income Statement (Unaudited)

<TABLE>
<CAPTION>
                                                Three Months Ended June 30              Six Months Ended June 30,
                                                  2004               2003                2004               2003
                                              ---------------  -----------------   -----------------  -----------------
<S>                                           <C>              <C>                 <C>                <C>
Service revenues                              $   58,032,000   $     30,144,000    $    103,991,000   $     54,328,000
Reimbused government fee revenue                  10,887,000          7,287,000          22,361,000         14,644,000
                                              ---------------  -----------------   -----------------  -----------------
   Total revenue                                  68,919,000         37,431,000         126,352,000         68,972,000

Cost of service revenues                          16,558,000          7,531,000          30,539,000         13,993,000
Government fees paid                              10,887,000          7,287,000          22,361,000         14,644,000
                                              ---------------  -----------------   -----------------  -----------------
   Total cost of sales                            27,445,000         14,818,000          52,900,000         28,637,000
     Gross margin                                 41,474,000         22,613,000          73,452,000         40,335,000
                                              ---------------  -----------------   -----------------  -----------------
Salaries and benefits                             21,006,000         11,312,000          38,718,000         21,837,000
Other operating expenses                          11,292,000          6,101,000          21,596,000         10,816,000
Depreciation and amortization                      3,145,000          1,791,000           5,785,000          3,570,000
Impairment loss                                            -                  -                   -                  -
                                              ---------------  -----------------   -----------------  -----------------
     Income from operations                        6,031,000          3,409,000           7,353,000          4,112,000
                                              ---------------  -----------------   -----------------  -----------------
Interest (expense) income:
   Interest expense                                 (490,000)           (36,000)           (721,000)           (55,000)
   Interest income                                    (4,000)            10,000               7,000             21,000
                                              ---------------  -----------------   -----------------  -----------------
     Total interest expense, net                    (494,000)           (26,000)           (714,000)           (34,000)
                                              ---------------  -----------------   -----------------  -----------------
Income before income taxes                         5,537,000          3,383,000           6,639,000          4,078,000
Provision for income taxes                         2,329,000          1,332,000           2,792,000          1,697,000
                                              ---------------  -----------------   -----------------  -----------------
     Net income                               $    3,208,000   $      2,051,000    $      3,847,000   $      2,381,000
                                              ===============  =================   =================  =================
Per share amounts:

Basic earnings per share                                0.15               0.10                0.18                0.12
                                              ===============  =================   =================  =================
Basic weighted-average shares outstanding         21,502,035         20,002,126          21,328,629          20,002,126
                                              ===============  =================   =================  =================
Diluted earnings per share                              0.15               0.10                0.18                0.12
                                              ===============  =================   =================  =================
Diluted weighted-average shares outstanding       22,104,455         20,122,023          21,625,147          20,122,023
                                              ===============  =================   =================  =================
EBITDA calculation:
Net income                                    $    3,208,000    $     2,051,000     $     3,847,000    $      2,381,000
Provision for income taxes                         2,329,000          1,332,000           2,792,000           1,697,000
Interest expense                                     490,000             36,000             721,000              55,000
Depreciation and amortization                      3,145,000          1,791,000           5,785,000           3,570,000
                                              ---------------  -----------------   -----------------  -----------------
Earnings before interest, taxes, depreciation
   and amortization (EBITDA)*                 $    9,172,000    $     5,210,000     $    13,145,000    $      7,703,000
                                              ===============  =================   =================  =================
</TABLE>

*EBITDA is not a measure of financial performance under generally accepted
accounting principles. EBITDA is used by certain investors to analyze and
compare companies.

                                    - more -

<PAGE>

First Advantage Corporation Reports Operating Results for the Second Quarter of
2004
Page 3

Segment Financial Information (Unaudited)

<PAGE>

<TABLE>
<CAPTION>
                                         Three Months Ended June 30,               Six Months Ended June 30,
                                          2004                  2003                2004                  2003
                                -------------------   -------------------    ---------------     ----------------
<S>                             <C>                   <C>                    <C>                 <C>
Total Revenue
Enterprise Screening            $       47,464,000    $       27,040,000     $   83,483,000      $    49,502,000
Risk Mitigation                         19,031,000             9,124,000         36,770,000           18,526,000
Consumer Direct                          2,964,000             1,579,000          7,196,000            1,579,000
Corporate and Eliminations                (540,000)             (312,000)        (1,097,000)            (635,000)
                                -------------------   -------------------    ---------------     ----------------
Consolidated                    $       68,919,000    $       37,431,000     $  126,352,000      $    68,972,000
                                ===================   ===================    ===============     ================
Income (Loss) Before Income Taxes

Enterprise Screening            $        6,587,000    $        3,054,000     $   8,470,000       $     3,507,000
Risk Mitigation                          2,048,000             1,358,000         3,171,000             2,758,000
Consumer Direct                           (126,000)               18,000          (141,000)               18,000
Corporate and Eliminations              (2,972,000)           (1,047,000)       (4,861,000)           (2,205,000)
                                -------------------   -------------------    ---------------     ----------------
Consolidated                    $        5,537,000    $        3,383,000     $   6,639,000       $     4,078,000
                                ===================   ===================    ===============     ================

</TABLE>

About First Advantage Corporation
First Advantage Corporation (NASDAQ: FADV) provides best-in-class single-source
solutions for global risk mitigation and enterprise and consumer screening
needs. Incorporating state-of-the-art technology, proprietary systems and data
resources, First Advantage is a leading provider of employment background
screening, drug-free workplace programs and other occupational health testing,
employee assistance programs, resident screening, motor vehicle records,
investigative services, computer forensics and electronic discovery services,
supply chain security, corporate tax and incentive services, and consumer
location services. First Advantage ranks among the top three companies in all of
its major business lines. First Advantage is headquartered in St. Petersburg,
Fla., and has more than 1,700 employees in offices throughout the United States
and abroad. Further information about the company is available at www.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation
(NYSE: FAF), a Fortune 500 company that traces its history to 1889. First
American is the nation's largest data provider, supplying businesses and
consumers with information resources in connection with the major economic
events of people's lives. Additional information about the First American Family
of Companies can be found at www.firstam.com.

Certain statements in this press release, including those related to anticipated
earnings for the year ending on Dec. 31, 2004, forecasts of future earnings and
earnings per share, anticipated revenue for the year ending Dec. 31, 2004,
integration in the Enterprise Screening segment, integration efforts in the
resident screening businesses and employment background and drug screening
businesses, consolidation effects on platform migration, effects of completion
of platform migration on 2005 earnings, effects of consolidation of operations,
effects of consolidation on future earnings, effects of consolidation on costs
reductions, 2004 acquisition activities, effects of second quarter acquisitions
on operating results for the quarter ending Sept. 30, 2004, cross selling
opportunities, accelerated hiring practices, and decreases in volume for the
Enterprise Screening segment for the quarter ending on Dec.31, 2004 are forward
looking. Risks and uncertainties exist that may cause results to differ
materially from those set forth in these forward-looking statements. Factors
that could cause the anticipated results to differ from those described in the
forward-looking statements include: general volatility of the capital markets
and the market price of the company's Class A common stock; the company's
ability to successfully raise capital; the company's ability to identify and
complete acquisitions and successfully integrate businesses it acquires; changes
in applicable government regulations; the degree and nature of the company's
competition; increases in the company's expenses; continued consolidation among
the company's competitors and customers; unanticipated technological changes and
requirements; the company's ability to identify suppliers of quality and
cost-effective data, and other risks identified from time-to-time in the
company's SEC filings. The forward-looking statements speak only as of the date
they are made. The company does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the
forward-looking statements are. Investors are advised to consult the company's
filings with the SEC, including its 2003 Annual Report on Form 10-K, for a
further discussion of these and other risks.

                                      # # #


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