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Carreker
Corporation Press Release - October
3, 2000
Carreker
Corporation Announces Public Stock
Offering
DALLAS,
Oct. 3 /PRNewswire/ -- Carreker
Corporation (Nasdaq: CANI) today
announced that it has filed a registration
statement with the Securities and
Exchange Commission relating to
a proposed public offering of 4,000,000
shares of common stock, of which
2,000,000 shares will be offered
by Carreker and 2,000,000 shares
will be offered by selling stockholders.
The selling stockholders have granted
the underwriters an option to purchase
up to an additional 600,000 shares
to cover over-allotments, if any.
An underwriting group managed by
Robertson Stephens, Chase H&Q
and U.S. Bancorp Piper Jaffray
will sell the securities.
Net
proceeds from the offering will
be used for working capital, general
corporate purposes and to fund
possible future acquisitions. Carreker
will not receive any of the proceeds
from the sale of shares by the
selling stockholders.
Carreker
is a leading provider of integrated
consulting and software solutions
that enable banks to identify and
implement e-finance solutions,
increase their revenues, reduce
their costs and enhance their delivery
of customer services. Carreker's
offerings fall into four groups,
including Revenue Enhancement,
PaymentSolutions, Enterprise Solutions
and CashSolutions.
A
registration statement relating
to these securities has been filed
with the Securities and Exchange
Commission, but has not yet become
effective. These securities may
not be sold nor may offers to buy
these securities be accepted prior
to the time a registration statement
becomes effective. This press release
does not constitute an offer of
the common stock. This press release
shall not constitute an offer to
sell or the solicitation of an
offer to buy nor shall there be
any sale of these securities in
any state or jurisdiction in which
such offer, solicitation or sale
would be unlawful prior to registration
or qualification under the securities
laws of any state or jurisdiction.
A
preliminary prospectus relating
to the offering may be obtained
when it is available from Robertson
Stephens at 555 California St.,
San Francisco, CA 94104, 415-781-9700;
Chase H&Q at 1 Bush St., San
Francisco, CA 94104, 415-439-3000;
or U.S. Bancorp Piper Jaffray at
800 Nicollette Mall, Minneapolis,
MN 55402, 612-303-6000.
About
Carreker Corporation:
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. For more information about
Carreker, please visit the 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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