Steel Vault Corp. (SVUL.OB) Subsidiary’s Subscriber Number Surpasses 10,000 in May

  @ibtimes on June 02 2009 5:23 AM

Steel Vault Corp., a premier provider of identity security products and services, announced this morning that its NationalCreditReport.com subsidiary recognized a 2,685 gain in subscribers to reach a total of 10,205 active subscribers at the end of May 2009, a month-over-month increase of 36% percent. After the trial period, subscribers pay a monthly fee for continued credit monitoring, credit reports and other identity theft protection services.

William J. Caragol, Steel Vault’s Chief Executive Officer, stated, “In a relatively short period of time, we have surpassed 10,000 subscribers, thereby achieving another significant milestone in our growth. We will continue to carefully scrutinize our customer acquisition strategies to cost-effectively gain new customers and maintain this steady expansion of our member base.”

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