Indianapolis (PRWEB) October 21, 2009
On Target Screening, Inc., a leading Internet-based resident, employment and volunteer screening service announced today that it has closed a $2 million round of capital funding from MRL Investments.
"This first round of capital funding is by sophisticated investors and validates our business model and strengthens our options going forward," said Steven Foster, president of On Target Screening. "Our customer base is already growing at a phenomenal rate, surpassing all our projections, and with this funding we can rapidly increase marketing, franchising, and strategic partnerships much faster." Foster added "Ron Bailey, our Chief Technology Officer is leading a nationwide search for seasoned industry veterans to fill key management and marketing positions."
"We have identified the resident screening, tenant screening and background screening industry as a significant growth industry and On Target Screening is unique in its business-to-business, business-to-consumer and integrated screening capabilities," said M. Lindsey, a principal of MRL Investments. "We believe On Target is well positioned to take advantage of this tremendous market opportunity."
About MRL Investments
MRL Investments creates and manages capital partnerships, making investments in start-up, early-stage and emerging-growth companies. The company primarily seeks opportunities in communications, network infrastructure, and Internet software and services. MRL Investments works in partnership with entrepreneurs, providing initial capital and marketing services to create profitable companies.
About On Target Screening, Inc
On Target Screening provides customer-centric applicant and tenant screening solutions. Our areas of expertise include fair housing compliance, fair credit reporting laws, software and systems development, information architecture, and content management.
By utilizing our unique combination of experienced resources and industry-driven technology, we can meet the needs of a company at any stage - from the large management companies to independent owners.