CheckFree Joins New NASDAQ Global Select Market
July 11 2006 - 10:00AM
PR Newswire (US)
Company also listed on NASDAQ 100 Index ATLANTA, July 11
/PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today
announced that it has been included in the new NASDAQ Global Select
Market. The NASDAQ Global Select Market has the highest initial
listing standards of any exchange in the world based on financial
and liquidity requirements. Beginning July 3, 2006, NASDAQ-listed
companies were classified under three listing tiers -- NASDAQ
Global Select Market, NASDAQ Global Market and NASDAQ Capital
Market. These tiers will maintain rigorous listing and corporate
governance standards. NASDAQ also launched indexes based on each of
these new tiers. CheckFree is also listed on the NASDAQ 100 Index,
which includes the largest non-financial domestic and international
securities listed on The NASDAQ Stock Market based on market
capitalization. "CheckFree is an example of an industry leader that
has achieved superior listing standards, which clearly defines the
essence of the NASDAQ Global Select Market," said Bruce Aust,
executive vice president of NASDAQ's Corporate Client Group. "In
recognizing companies such as CheckFree, we are highlighting their
achievements in meeting the highest listing standards in the
world." About NASDAQ ( http://www.nasdaq.com/ ) NASDAQ is the
largest U.S. electronic stock market. With approximately 3,200
companies, it lists more companies and, on average, trades more
shares per day than any other U.S. market. It is home to companies
that are leaders across all areas of business, including
technology, financial services, retail, communications,
transportation, media and biotechnology. NASDAQ is the primary
market for trading NASDAQ-listed stocks. About CheckFree (
http://www.checkfreecorp.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/
http://www.nasdaq.com/
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