Carreker
Corporation Press Release - July
18, 2000
Redchip
Review® Initiates Research
Coverage on Carreker Corporation
DALLAS,
July 18 /PRNewswire/ -- The RedChip
Review®, the research division
of RedChip.com™, has announced
initiation of research coverage
with a buy recommendation on Carreker
Corporation, a leading provider
of e-finance enabling solutions
to the financial industry.
"We
are very pleased that the RedChip
Review® has initiated coverage
on our company with a buy recommendation
and with our recent inclusion in
the Russell 2000 Index," said J.D. "Denny" Carreker,
Chairman and Chief Executive Officer
of Carreker Corporation. "We believe
that this broader exposure to the
institutional markets will give
our unique business model increased
visibility and will continue to
enhance our active investor relations
efforts. Carreker Corporation has
achieved strong earnings growth
and substantial return on equity
driven by our leading position
in our market. We believe that
all shareholders, including those
now joining us as investors in
various Russell-based funds, will
continue to benefit from our commitment
to exceptional shareholder value."
RedChip.com™,
recently named one of the best
small-cap equity research firms
by Forbes Magazine, is the Internet's
premiere source of investment information
on small-cap companies and an outgrowth
of the highly regarded RedChip
Review®, one of four business
units the research company operates.
Its researchers and analysts have
begun regular quarterly coverage
of Carreker, adding the company
to the reputable list of companies
it follows. Carreker Corporation
is a leading provider of integrated
consulting and software solutions
that enable banks to increase revenue
and/or reduce costs, while leveraging
institutions' existing core competencies
in order to realize their e-commerce
potential. The company's offerings
include revenue enhancement, payment
systems and e-business solutions.
The company's customers include
170 financial institutions in the
United States, Canada, United Kingdom,
Ireland and Australia, including
70 of the largest 100 banks in
the United States.
In
June 2000, BusinessWeek's Hot Growth
Companies list included Carreker
as one of the 100 best small companies
in the United States. This follows
the November 1999 Forbes Magazine
listing of Carreker as one of its
Best 200 Small Companies.
To
learn more about Carreker, visit
the recently updated company web
site at http://www.carreker.com.
Forward-Looking
Statement -- In addition to historical
information contained herein, other
matters discussed in the news release
are forward-looking statements
within the meaning of Section 27A
of the Securities Act of 1933,
as amended and Section 32E of the
Securities and Exchange Act of
1934, as amended, and are subject
to the safe harbors created thereby.
The Company's future actual results
could differ materially from the
forward-looking statements discussed
herein because of the factors discussed
from time to time in the Company's
public reports filed with the Securities
and Exchange Commission, such as
those discussed under "Risk Factors" included
in its report on Form 10-K for
the year ending January 31, 2000.
SOURCE Carreker Corporation
CONTACT:
Terry Gage of Carreker Corporation,
EVP & CFO, 972-371-1454,
fax:972-458-2567.
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