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Carreker Corporation to Delay
Fourth Quarter and Fiscal 2005
Earnings Release and Conference
Call
DALLAS (March 14, 2006) -- Carreker
Corporation (Nasdaq: CANI), a leading
provider of payments technology and
consulting solutions for the financial
services industry, announced today
that it has postponed its fourth
quarter and fiscal year end 2005
earnings release and related conference
call and Web cast, previously scheduled
to take place on Wednesday, March
15, 2006. The Company is in the process
of reviewing an accounting issue
related to deferred revenue which
may impact its financial statements. The
net adverse impact on the Statement
of Operations is not expected to
exceed $2.1 million. As soon as practical,
the Company will issue an announcement
regarding the new financial results
release date.
“While it is not our
preference to delay the release of
our fourth quarter and fiscal year
results, providing quality financial
information is paramount and allowing
for additional time to ensure complete
and accurate financial statements
is the right decision,” said
J.D. (Denny) Carreker, Chairman and
Chief Executive Officer of Carreker
Corporation. “We are still
in the preliminary stages of our
review but have determined that the
issue is not related to the Company’s
ongoing accounting practices, that
it does not affect the Company’s
cash position, and that it will not
impact future results of operations.”
About Carreker Corporation
Carreker
Corporation improves earnings for
financial institutions around the
world. The Company’s
integrated consulting and software
solutions are designed to increase
clients’ revenues and reduce
their expenses, while improving security
and increasing the value of their
customer relationships. Carreker
provides products and services to
more than 250 clients in the United
States, Canada, the United Kingdom,
Ireland, continental Europe, Australia,
New Zealand, South Africa, South
America, Mexico, and the Caribbean. Clients
include the full range of community,
regional and large banks, among them
more than 75 of the largest 100 banks
in the United States. Headquartered
in Dallas, Texas since 1978, Carreker
Corporation has offices in London
and Sydney. For more information,
visit www.carreker.com.
Forward Looking Statements
Except for historical information,
the statements in this release,
including statements regarding
the outcome of the Company’s
accounting review, constitute forward-looking
statements within the meaning of
the federal securities laws. These
statements are subject to numerous
risks and uncertainties that could
cause actual results to differ
materially, including but not limited
to additional information that
may impact the Company’s
accounting review, as well as the
risks and uncertainties arising
out of economic, competitive, governmental
and technological factors affecting
the Company’s operations,
markets, services, products, sales,
potential sales and prices. For
further information concerning
certain of these risks and uncertainties,
see under the caption “Business-Forward
Looking Statements and Risk Factors” in
the Company’s most recent
Form 10-K for the year ended January
31, 2005 and subsequent quarterly
reports on From 10-Q. We assume
no obligation to update or revise
any forward-looking statements,
whether as a result of new information,
future events or otherwise, except
as may be required by law.
| Carreker
Contacts: |
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Lisa
Peterson, Executive Vice President
and CFO
Chief Financial Officer
972-371-1454
lpeterson@carreker.com
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Gary
Samberson, SVP, Treasury,
Risk
Management and Investor Relations
(972) 371-1590 PH
(972) 458-2567
FX Email: gsamberson@carreker.com |
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