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Carreker Corporation Press Release - December 28, 1998

Carreker-Antinori Announces Managerial Realignment: Ron Antinori Retires to Become Company Consultant; Remains Director

(Dallas, TX December 28, 1998) — Carreker-Antinori, Inc. (Nasdaq: CANI), a leading provider of consulting and software solutions to financial institutions, announced today that it would make certain realignments in its management structure. These changes are aimed at enhancing operational excellence and accommodating sales expansion efforts. The Company also announced the retirement of its Chief Technology Officer, Ron Antinori as of January 31, 1999. Mr. Antinori had agreed in contract to remain with the Company through this date, and will now continue further as both a consultant and Vice Chairman of the Board.

"Ron has obviously been an integral part of bringing Carreker-Antinori to the strategic position it holds today. Everyone at the company wishes him the best in his future endeavors, and we are thankful that this by no means represents the end of his affiliation with Carreker-Antinori. We are confident that his remaining on as both a Board Member and consultant will ensure a seamless transition," said J. D. "Denny" Carreker, Chairman and CEO of Carreker-Antinori.

In order to compliment the aggressive growth of the Company, Carreker-Antinori has realigned certain managerial responsibilities. Bob Olson will become Director of Sales and Marketing. Mr. Olson will oversee and manage the expansion of sales and operations to ensure that the company takes advantage of its growth opportunities. The majority of Mr. Olson’s previous responsibilities as Chief Administrative Officer will be absorbed by Rich Linting, President and COO.

Mr. Carreker continued, "During fiscal 1999 we plan on growing our Account Relationship Manager capacity from 8 to 16. This realignment, while not dramatic, will truly enhance our ability to cross-sell to existing customers while broadening our overall customer base."

For additional information, please contact Public Relations, at 14001 N. Dallas Parkway, Suite 1100, Dallas, Texas 75240.

 
     
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