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Description of business:
ClearStar Inc. is a technology and service provider to the background check industry, supporting background screening companies, employers and employees with their recruitment and employment application decisions. ClearStar provides employment intelligence to its clients through a suite of IT applications for day-to-day use in their business. Employment intelligence aims to improve business insight to support better recruitment and other decisions affecting employees generally, by increasing the quality, reliability and visibility of information available to management. The Directors believe that they offer one of the most complete independent IT application suites that provide employment intelligence. The suite comprises a collection of applications which utilises data from over 3,000 sources ranging from re´sume´s to records with local authorities. The Group's primary business involves searching the relevant source of data for specific employment intelligence information based on clients' bespoke requirements for its employment applicants. The Group extracts the required input and this information is then processed, allowing the client to make a swift decision in respect of the relevant applicant, thereby minimising bottlenecks in the hiring process. ClearStar's 'Aurora' platform has delivered employment intelligence to over 20,000 employers including Toyota, Wrigley, Angie's List, University of Pennsylvania, IBM, University of Miami, ADP, FedEX and Six Flags. The demand for the business application suite as part of the background screening process has generated the following three principal business process channels: a. Channel Partners and CRAs - white labelling technology: data logistics services provided to CRAs or Channel Partners who use ClearStar technology to perform background checks; b. Medical Information Services: services, to date, largely sold direct to employers for the purpose of drug and alcohol tests, but which is starting to move into occupational health (i.e. work medicals/physicals); and c. Direct Services: retail background check services provided direct to employers. In 2013, the Group processed and delivered 5.6 million screening services on over 1.7 million people to over 20,000 end users. Since 2007, despite the worldwide recession, there has been a fourfold increase in revenue with no capital injection. Between the financial years ended 31 December 2011 and 31 December 2013, the Group continued strong revenue growth, increasing by over 50 per cent. to approximately $8 million for the 12 months ended 31 December 2013, which was largely driven by MIS provided to clients. During the same period ClearStar US has had a 90 per cent. retention rate of its top 10 customers. The Group's main country of operation is the USA.

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ClearStar Inc.

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