CKFR Checkfree Corp (MM)

ATLANTA, June 19 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that it has named Michael Gianoni as executive vice president and general manager of CheckFree Investment Services Division, reporting to CheckFree Chairman and Chief Executive Officer Pete Kight. Gianoni, 45, joins CheckFree following 11 years with DST Systems, Inc., a $2 billion technology outsourcing firm serving the financial services, communications, healthcare and insurance markets and the leading provider of mutual fund account processing services. Most recently, he served as senior vice president of DST Systems' E-Solutions Division. "Mike is a highly seasoned executive with deep experience across all areas of product development, business development, sales, marketing and client services," said Kight. "We are confident that Mike's leadership will build on our strong momentum in the high-growth separately managed account processing market." In this position, Gianoni will drive the evolution of CheckFree's technology and workflow solutions that enable hundreds of financial institutions to process separately managed accounts or customized portfolios for individual investors. CheckFree Investment Services' money manager, brokerage firm and investment advisory clients manage nearly 2.2 million portfolios totaling approximately $1.3 trillion in assets on the CheckFree APL(SM) platform. CheckFree is currently developing the next generation platform, CheckFree EPL(SM), to bring a higher level of innovation and efficiency to the marketplace to enable continued growth and personalized service. Gianoni has more than 25 years of diverse business experience in the e-commerce, software and computer manufacturing industries. Prior to DST Systems, he served in a variety of executive leadership roles with Application Systems Group, Sequent Computer Systems, Wang Laboratories, U.S. Design Corporation and Canberra Industries. Gianoni holds a master's degree in business administration from the University of New Haven and an undergraduate business degree from Charter Oak College in Hartford, Conn. About CheckFree (http://www.checkfree.com/) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.3 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two thirds of the 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe. Certain of the Company's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended June 30, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006) and Form 10-Q for the quarter ended March 31, 2006 (filed May 9, 2006). One or more of these factors have affected, and could in the future affect the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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