CKFR Checkfree Corp (MM)

- Sophisticated Investment Model Optimizes Long-Term Returns, Enhances Portfolio Performance - ATLANTA and NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- Managed Account Solutions Booth #7 -- CheckFree Corporation (NASDAQ:CKFR) today announced that McComsey Asset Management, an investment advisor specializing in managing growth equity portfolios for high net worth individuals and institutional clients, selected CheckFree APL(SM) to provide portfolio accounting for McComsey's investment management platform. Chosen due to the established ASP model and superior connectivity of its APL platform, the CheckFree platform has been deployed by McComsey Asset Management to power its asset management solutions. By integrating CheckFree APL into its large capital growth equity platform, McComsey Asset Management is able to enhance portfolio management and monitoring, streamline front and back office functionality and improve service to deliver maximum value to clients. CheckFree APL enables McComsey to leverage a highly sophisticated trading platform to continue managing their high alpha strategy and allocate accounts across different platforms. CheckFree APL will ensure that all assets are diversified and allocated to minimize performance dispersion and trading costs. "McComsey selected CheckFree APL to take advantage of the proven scalability, functionality and access offered by the APL platform," noted Maureen McComsey, vice president of client relations at McComsey Asset Management. "By leveraging CheckFree APL's ASP model, we enjoy the benefits of a first-class performance reporting engine without the maintenance or expense associated with in-house solutions. CheckFree APL enables us to drive our investment management offerings with advanced portfolio monitoring and measurement, allowing us to deliver long-term capital growth and consistent value-added performance for our clients, regardless of market conditions." Michael Gianoni, executive vice president and general manager at CheckFree Investment Services, said, "As McComsey Asset Management continues to evolve its successful investment strategy, CheckFree APL will deliver seamless scalability that will enable McComsey to expand their business operations. CheckFree APL will provide numerous connections to additional broker dealers previously unavailable to McComsey, bringing new participants onto their platform that will result in diverse investment opportunities and improved service for McComsey clients." CheckFree APL delivers an innovative, advanced Separately Managed Accounts platform that provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree's platform enables approximately 100 of the top Wall Street sponsor firms and 150 separate account managers to interface with each other, and operate in a straight-through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance. 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 hundreds of financial services organizations, which manage about $1.4 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 14 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, 2006 (filed September 8, 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, Judy DeRango Wicks, +1-678-375-1595, or , or investors, Tina Moore, +1-678-375-1278, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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