Press Room
Latest Press Releases:
• Wymoo Sees Growth in International Due Diligence
• Wymoo Reports Steady Expansion, Despite Economy
• Wymoo Investigators See Growth in the U.K.
• Wymoo International Background Checks Rise in Demand
• Wymoo International Investigators Beat 2010 Estimates
• Wymoo Reports Rise in Global Background Checks
• Wymoo Announces Focus on Dating Background Checks
• Wymoo Targets Market for International Heir Searches
• Wymoo Expands Operations in Russia and the Ukraine
Wymoo See Growth in International Due Diligence
POSTED BY: Jeff Duncan, November 29, 2011
Wymoo to expand international business verification services.
JACKSONVILLE, FLORIDA (November 29, 2011) – Wymoo International, a professional private investigation and international background check firm, reported today that despite the global economic downturn, the demand for business verification services has remained strong for 2011. The company expects the growth in international due diligence verifications and international investment screenings to continue, due to a high risk for fraud.
The firm will be adding to its team of qualified field investigators in high risk, developing nations. Management plans to hire more investigators with expertise in investigating corporate fraud, investment scams, stock price manipulation, shell companies and advance fee fraud. A significant increase in business fraud cases in the Philippines, Malaysia, China, Ghana, the U.K., Russia and the Ukraine has raised the risk for investors worldwide. Corporate and individual clients rely on Wymoo® to verify unknown parties.
Business activity and investment is down in the United States. Unchecked government spending has led to unsustainable debt, unemployment and low consumer confidence. As businesses and investors struggle to survive, many are looking abroad. When individuals, small companies and corporations seek new partnerships in foreign countries, there is an increased incident for business fraud. Verifying a company or manager in another country can be a major challenge. Having a professional international investigator on the ground who speaks the language, has local contacts with government agencies, and who is trained to verify operations, management and facilities.
Relationships initiated via the internet are more susceptible to manipulation and should be verified. Brent Cinnamond, President and CEO, said the firm is expanding due diligence services to meet demand. “We are seeing more cases from investment scams, and also companies that are issued on a major stock exchange in the U.S. or Europe, but have headquarters in a developing country. Financials and operations are often misrepresented or even completely false,” said Cinnamond. “Criminals can claim to be from reputable companies. Real managers can be impersonated. In many cases, there’s simply no way to know without having a skilled investigator in the local area.” More companies are relying on international verifications and choosing Wymoo as the trusted brand.
About Wymoo International
Wymoo International, LLC is a global leader in international investigations and confidential background check services. The company specializes in verifying individuals and organizations in over 100 countries. The U.S.-based investigation firm offers international due diligence, private investigations, covert surveillance, infidelity cases, fraud screening and background checks.
Press Release 8
Wymoo Reports Steady Expansion, Despite Economy
POSTED BY: Jeff Duncan, September 14, 2011
Wymoo management announces steady growth amid global recession.
JACKSONVILLE, FLORIDA (September 14, 2011) – Wymoo International, a U.S.-based professional private investigation and international background check company, announced today that revenue in the second quarter of 2011 was up 10% from 2010 levels, despite the global economic downturn. Management cited a global rise in fraud cases and a corresponding increase in the demand for verification services. Due diligence for international business and background checks for online relationships remain a strong growth factor, and market share is climbing.
The recession in many of the countries where Wymoo operates has decreased pre-employment screening activity, while due diligence cases have actually increased in demand.
International investigators report that even though net foreign investment and international business activity has slowed, fraud and scam cases have increased significantly. Higher risk on all international transactions and investments has fueled the demand for professional verification services, where the Wymoo brand holds a strong competitive position.
Management explains that fraud activity is typically greatest in a bad economy, when reported criminal cases often climb. In fact, international investigations and law enforcement agencies in the United States clearly show that internet scam victims have been increasing, despite a depressed economy and seemingly more educated consumers and businesses. Increased risk has caused many small businesses to look abroad for opportunity, seeking out new suppliers or investments, and these relationships present more hazards and such contacts need to be verified. Online relationships are also increasing worldwide, with online dating and social networking websites continuing to show a clear need for background checks. Wymoo is now a trusted solution.
A diversified portfolio of investigation services has enabled the firm to continue its growth in a challenging environment. “Although the United States economy has suffered from the policies of President Obama, we’ve been successful in maintaining our growth rate outside the U.S., especially in developing countries,” said David Wilkerson, Vice President and COO. “The devaluation of the U.S. dollar from excessive government spending has raised our foreign exchange risk, and is something we will be monitoring very closely. To minimize the risk, we aim to continue to expand our service offerings in Canada, the U.K. and Australia.”
About Wymoo International
Wymoo International, LLC is a leader in international investigations and professional background check services. The company specializes in verifying relationships for organizations and individuals in over 100 countries. The U.S.-based private investigation company offers international background checks, private investigators, surveillance, infidelity cases, fraud screening and due diligence services. All services are strictly confidential. Wymoo® is verified by McAfee, Truste, and BBB.
Wymoo Investigators See Growth in the U.K.
POSTED BY: Jeff Duncan, June 22, 2011
Wymoo management increases focus on the U.K. growth in reponse to increased demand.
JACKSONVILLE, FLORIDA (June 22, 2011) – Wymoo International, a Florida-based professional private investigation and background check firm, announced today that the company will increase its focus on the U.K. market in response to an increase in demand for private investigator and verification services. Management will be adding to its team of field investigators in London and Dublin based on the growing demand for international background checks, dating background checks and international due diligence services. The firm expects the U.K. to be an important market for growth.
Case levels for 2010 and YTD 2011 show the growth in demand for U.K. private investigation and background checks has exceeded most countries. What’s driving the U.K. demand, says Wymoo® management, is a strong prevalence in the usage of online dating and social networking sites, and also a corresponding increase in the risk for fraud and scams. U.K. residents have one of the highest subscription rates to dating and social networking sites in the developed world. Such relationships increasingly need to be verified via a dating background check to avoid the risk for fraud, identity theft and romance scams. Demand for these services has more than made up for the low growth in due diligence cases, which should remain stable until economic conditions improve.
The U.K. focus will further diversify the company’s business operations and revenue sources. Management has reiterated its strategy for finding growth opportunities abroad, as the U.S. economic recovery is far from certain. “We continue to see a trend of capital and businesses leaving the U.S. in response to policies of the Obama administration,” said Brent Cinnamond, President and CEO. “While we’re committed to the U.S. economy and our country, we remain concerned about the falling U.S. dollar, and other risks from the U.S. debt crisis.”
Wymoo expects demand for international private investigators to increase, despite the economy.
About Wymoo International
Wymoo International, LLC is a leader in global background check and international private investigation services. The firm specializes in verifying relationships for companies and individuals around the world. The Florida-based professional private investigation firm offers international private investigators, background checks, surveillance, infidelity cases, scam and fraud screening, and due diligence services. Wymoo maintains investigators around the globe. All services are discreet and strictly confidential. Wymoo is verified by McAfee, Truste, and the U.S. Better Business Bureau.
Wymoo International Background Checks Rise in Demand
POSTED BY: Jeff Duncan, April 12, 2011
Wymoo reported today that the company has seen a significant rise in international background check demand in most of the countries where the firm operates and conducts investigations.
JACKSONVILLE, FLORIDA (April 12, 2011) – Wymoo International, a U.S.-based professional background check and international private investigation firm, reported today that demand for international background checks was up sharply in the first quarter of 2011, compared to 2010 levels. Management cited an increase in international business deals in developing nations and a higher prevalence of fraud and scam activity worldwide as fueling the growth. Client referrals also continue to be an important factor for the company’s business, and early projections for 2011 estimate a fourth consecutive year of double digit growth.
Wymoo® maintains a large team of international private investigators around the world and currently conducts private investigations, due diligence and background checks in over 100 countries. The Company focuses on high risk nations for fraud, although global clients are increasingly relying on Wymoo for developed nations such as the U.K. and U.A.E. Emphasis on superior client service and hiring the best field investigators has proven to be a successful business model. The increase in global demand for background checks should further support the firm’s long term growth, and secure its position in the global private investigation industry. Scams involving relationships from online dating sites remain high, so more consumers are mitigating the risk with dating background checks.
“The Wymoo brand is becoming more than ever a trusted source for international background checks, due diligence and private investigation services,” said Brent Cinnamond, President and CEO. “As the U.S. economy and dollar continues its collapse under the Obama administration, we remain focused on diversifying our client base. Nearly 40% of our clients now come from outside the U.S. With more companies looking to foreign markets for opportunities, we are well positioned to profit from the corresponding rise in background screening.” International business and relationships carry an increased risk for fraud, and should be verified.
About Wymoo International
Wymoo International, LLC is a leader in global private investigation and international background check services. The firm specializes in verifying relationships for companies and individuals around the world. The Florida-based professional private investigation firm offers international due diligence, background checks, surveillance, infidelity cases, scam and fraud screening, and missing person searches. Wymoo maintains investigators around the globe. All services are discreet and strictly confidential. Wymoo is verified by Truste, McAfee and the U.S. Better Business Bureau.
Wymoo International Private Investigators Beat Estimates
POSTED BY: Jeff Duncan, January 14, 2011
Wymoo International announced today that the firm beat earnings estimates for 2010 and continues to expand global operations and investigation services.
JACKSONVILLE, FLORIDA (January 14, 2011) – Wymoo International, a U.S.-based background check and international private investigation firm, reported today that the company beat all growth expectations for 2010. Revenue and case volume at the company rose by over 50% compared to 2009 levels, and surpassed management’s 40% growth rate projections. The record growth was fueled by an increase in the demand for due diligence, international private investigators, and dating background checks.
Significant gains came from operations in the developing countries, where Wymoo® has proven a leader in fraud prevention and investigation services in regions such as West Africa, Southeast Asia and Eastern Europe. Elevated fraud and scam risks from social networking sites, internet business, and online dating continue to support the firm’s growth. In exploring new opportunities, the company plans to expand into the U.K. and Malaysia markets in 2011, where new professional field investigators will be added for Malaysia background checks and due diligence, as well as U.K. background check and private investigations.
“The continued success in the Wymoo brand has been in the skill and professionalism of our field investigators, and our true focus on client service. We see significant opportunity going forward as corporate and individual clients around the world recognize Wymoo as a trusted source for international background checks, due diligence and private investigations,” said Brent Cinnamond, President and CEO. “Our growth strategy is our focus on achieving results for our clients, personalized service, and expert field investigators. This has enabled us to rapidly increase market share in the global private investigation industry.”
Fraud and scam levels are expected to rise, and verifying international and online relationships is now essential. In order to minimize the risk, businesses are increasingly hiring a professional private investigation firm. More individuals are also requesting online dating background checks to verify persons met via the internet. Maintaining expert investigators in over 100 countries has put Wymoo in a unique position to assist global clients.
About Wymoo International
Wymoo International, LLC is a leader in global private investigation and international background check services. The firm specializes in verifying relationships for companies and individuals worldwide. The Florida based private investigation firm offers due diligence, background checks, surveillance, infidelity cases, scam and fraud screening, and missing person searches. Wymoo maintains investigators around the globe to uncover evidence. All services are strictly confidential.
Wymoo Reports Rise in Global Background Check Cases
POSTED BY: Jeff Duncan, October 4, 2010
Wymoo International, LLC has reported significant growth in the firm’s global background check cases for international corporate and indivdiual clients.
JACKSONVILLE, FLORIDA (October 4, 2010) – Wymoo International, a U.S.-based background check and private investigation company, reported today that activity for global background checks at the firm is up sharply compared to 2009 levels. Cases for international background checks have risen over 25% YTD, and management cites high levels of internet scams and fraud as partly fueling the growth. The increase has also been driven by a global rise in international relationships, especially those via the internet.
Fraud levels continue to rise in both developed and developing nations, and consumers and businesses are increasingly seeking ways to minimize the risk. Online dating, social networking sites, foreign hiring, and international business proposals are especially prone to fraud and scam operations. The risk in international relationships is greater than ever, and more clients are relying on Wymoo® for investigation and verification.
Despite the global recession, and no change in the Company’s overall advertising budget, management expects a 40% growth rate for 2010. Business client case loads have seen a rise in due diligence and international background screening, and individual client case loads are up in response to online dating background checks and other international relationships. More clients are coming to Wymoo from client referrals and also a larger online presence and subsidiary websites are supporting the strong performance.
Demand for international investigation services is up, and individual and corporate clients are increasingly depending on background check and due diligence services. Management expects these market trends to continue. “More consumers are realizing that in order to prudently hedge risk, and avoid scams and fraud, hiring a real international private investigator or company with international field investigators is essential. Searching generic databases from abroad isn’t an option, especially in the developing nations,” said Brent Cinnamond, President and CEO. “Our focus on maintaining professional field investigators around the world puts us in a unique position to uncover evidence and minimize risk for global clients.”
About Wymoo International
Wymoo International, LLC is an industry leader in global background checks and international private investigations. The firm specializes in verifying relationships for both individuals and companies around the world. The Florida-based company conducts background checks, due diligence, surveillance, pre-employment, scam and fraud screening, infidelity investigations, and missing person searches. Wymoo offers confidential services with investigators in over 100 countries.
Press Release 3
Wymoo Announces Focus on Dating Background Checks
POSTED BY: Jeff Duncan, July 7, 2010
Florida based Wymoo International, LLC has announced plans to target the growing business segment of online dating and social networking sites, and the Company is currently in discussions with potential partner websites.
JACKSONVILLE, FLORIDA (July 7, 2010) – Wymoo International, a U.S. based international background check and private investigation company, announced today that it will increase its focus on online dating background checks. The Company is considering a partnership with an online dating company and is also in discussions with a social networking site.
Many clients seek the services of a professional background check firm to verify an online relationship. The fact is, more people are connecting via the internet, and this continues to fuel the demand for verification services that minimize the risk from romance scams and internet fraud. Management at Wymoo® expects this trend to continue and is considering a strategic alliance with an established internet dating site or social networking site.
If implemented, the partnership would benefit subscribers of the match making or social networking website, as consumers would have the option to pursue relationships with users who have been, or can be verified by Wymoo’s professional international background checks. Consumers would be able to use the site with confidence, and with decreased risk from fraud, scam and identity theft. The online dating or social networking site would benefit through increased subscription rates, higher confidence levels, and lower incidence of fraud.
Wymoo will continue to dedicate significant resources and field investigators to target this growing market segment. Demand for global background check services has supported the business for international private investigators, and Wymoo is on track to exceed growth targets for 2010. “We continue to see significant opportunity in a long term partnership with an established social networking site or an online dating services company,” said Brent Cinnamond, President and CEO. “Any agreement should increase the firm’s market share in the global private investigation business, and support our long term growth strategy.”
Wymoo’s focus on client service and professional field investigators has fueled the Company’s high growth rate. Despite the global recession, management reported 35% growth in 2009.
About Wymoo International
Wymoo International, LLC is an industry leader in international private investigations and global background checks. The firm specializes in verifying personal and business relationships for individuals and companies around the world. The Florida based company provides due diligence, surveillance, background checks, pre-employment, infidelity investigations, scam and fraud screening, missing heir and missing person searches. Wymoo offers confidential investigation services in over 100 countries.
Wymoo Targets Market for International Heir Searches
POSTED BY: Jeff Duncan, February 9, 2010
Florida based Wymoo International, LLC has announced plans to target the growing business segment of international heir searches to support its long- term growth strategy and to offer global clients a wider range of services.
JACKSONVILLE, FLORIDA (Feb 9, 2010) – Wymoo International, a leading background check and global private investigation company, announced today that it will implement a new strategy to increase its focus on the business of international heir searches. This increased emphasis in finding missing heirs should support the Company’s long term growth strategy and will increase its portfolio of service offerings for global clients.
Demand for international genealogical research and international heir searches has in turn fueled the demand for international private investigators. This growing business segment is increasingly an important niche for the private investigation industry. Wymoo will dedicate resources and marketing strategy to target this growing market.
“We see significant opportunity in the market for international heir searches,” said David Wilkerson, Vice President and COO. “Our global team of field investigators and our business relationships in genealogical research are already in place. Our experience in missing person investigations makes this a natural and synergistic move for us.” Management expects this segment to help support the Company’s high growth rate and rising market share.
The focus on international markets has enabled Wymoo® to deliver solid profit margins, and to capitalize on the rising demand for international background checks, pre-employment screening, and international due diligence services. Wymoo is a leader for investigations in emerging markets such as Asia, Latin America, Africa and Eastern Europe.
High client satisfaction rates and a partial economic recovery in some markets enabled the company to achieve a 35% growth rate in 2009, and projections for 2010 are calculated at a 20% growth rate. In addition to the rise in international heir searches, the Company expects internet scams and fraud, dating background checks, infidelity cases, and increases in foreign hiring and international due diligence to remain high. Wymoo’s focus on client service and professional field investigators continues to earn the firm market share in the private investigation industry outside the U.S.
About Wymoo International
Wymoo International, LLC is an industry leader in international private investigations and global background check services. The firm specializes in verifying business and personal relationships for both organizations and individuals around the world. The Florida based company provides due diligence, background checks, covert surveillance, infidelity investigations, fraud and scam screening, and worldwide missing person searches. Wymoo currently offers confidential services in over 100 countries.
Wymoo Expands Operations in Russia and the Ukraine
POSTED BY: Jeff Duncan, October 27, 2009
Florida based Wymoo International, LLC has announced plans to expand its private investigation and background check business in Russia and the Ukraine. The firm plans to start a new subsidiary to focus on this growing market.
JACKSONVILLE, FLORIDA (Oct 27, 2009) – Wymoo International announced today its plans to open a new subsidiary to focus on Russia and the Ukraine market for private investigations, due diligence and background checks.
“Russia and the Ukraine continue to experience a high level of fraud and scams, both on the business level and on the individual level. Due to the high risk and demand for professional investigation services, we are expanding services for our global clients, to minimize their risk in the region,” said David Wilkerson, COO and Vice President of Wymoo®. “We will enable our clients to conduct business here with less risk, and we will also verify relationships for individuals via infidelity cases, surveillance and pre-marital checks.”
The name of the new subsidiary has not been released, but consumers should expect to see the new Russia and Ukraine website by January 2010. Wymoo will utilize the top talent of its existing team of professional field investigators in Moscow, St. Petersburg and Kiev, as well as hire additional Ukraine and Russia investigators to better serve new global clients.
By creating a new subsidiary, Wymoo will bring together its existing contacts, agents, field investigators and support staff in the region to focus on the growing demand in Russia and the Ukraine. Wymoo is well established as a leading international private investigator. The new subsidiary should further establish the firm’s leading position for Europe investigations.
“Demand for professional investigations and verification services is rapidly rising here,” Wilkerson said. “Wymoo’s new Russia and Ukraine subsidiary will benefit our global clients, and enable our continued growth.”
Wymoo’s growth rate has exceeded annual growth projections for 2009, as of Oct 1, 2009. With economic estimates for world economies showing a slight rebound in 2010, management expects market share to climb.
About Wymoo International
Wymoo International, LLC is an industry leader in international private investigations and global background check services. The firm specializes in verifying business and personal relationships for both organizations and individuals around the world. The Florida based company provides due diligence, background checks, covert surveillance, infidelity investigations, fraud and scam screening, and missing person searches. Wymoo currently offers professional investigation services in over 100 countries.
Angie Roberts
Director, Global Marketing
Wymoo International, LLC
Tom Burnett
Director, Public Relations
Wymoo International, LLC
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