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PRESS RELEASE RELEASE DATE: JANUARY 2, 1997 For Further Information Contact: Edward How, 703/293/1413 Background Note: InVision Technologies is the trade name used by Radonics®, Inc. for inspection management services provided in the corporate relocation market. U.S. Inspect™ is a subsidiary corporation of Radonics, Inc. performing inspection services in the general real estate, corporate relocation, and commercial real estate markets. InVision Technologies Announces New Business Venture FAIRFAX, VA - InVision Technologies today announced that it has formed U.S Inspect, Inc., a subsidiary corporation that will perform inspection services in the general real estate, corporate relocation, and commercial markets. "U.S. Inspect will bring together the "best of the best" consultants in the country to meet the nation's inspection needs," said Keith S. Fimian, who will serve as Chairman & CEO of both companies. "Our strategy is to recruit, hire, train and deploy top quality consultant employees throughout the country with a goal of making quality home inspections a standard event in every real estate transaction that takes place in the nation," Fimian said. In the commercial market, U.S. Inspect will concentrate on providing quality Replacement Reserve Studies for condominium, homeowner association, and planned unit development groups, as well as inspections and reserve studies for lenders and other property investment groups. In corporate relocation, U.S. Inspect will augment InVision Technologies by introducing new products and programs that will enhance clients' abilities to move corporate employees from point A to point B. "We want to be the first choice of home buyers and Realtors® when they select inspection services, and are working hard to make the U.S. Inspect name synonymous with the best in retail, relocation and destination inspections," said Brian P. Fimian, President for both companies. U.S. Inspect plans to rise quickly to a leadership position in the general real estate and commercial markets as a direct result of the company's technological orientation. The company's automated processes have made the ordering, tracking, and delivery components of inspection management seamless. "Through U.S. Inspect, we will continue to employ the strategies that have proven successful in the relocation industry," Keith S. Fimian said. "We have taken numerous steps to maximize the prospects for success." With a headquarters staff of more than 100 dedicated individuals and a nationwide network of top quality building consultants, pest control operators, radon test technicians, professional engineers, and specialty inspection providers, InVision Technologies has grown to be the largest and most successful inspection services company in the nation. InVision Technologies is the inspection services company of choice for corporate America, performing services for almost every third-party relocation company in the United States, including exclusive arrangements with the nation's largest corporate relocators. The company performs more than 80 percent of the corporate relocation inspections ordered in the United States each year. "InVision's success in meeting the distinctive needs of every major relocation company in the industry has enabled us to change the expectations relocation professionals have of an inspection management company," said Brian P. Fimian. "With U.S. Inspect, we fully expect to change the expectations that consumers and real estate professionals have of inspection services providers."
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