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| Intuit Unveils QuickBooks 2001 And QuickBooks For The Web |
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| QuickBooks Innovates and Revolutionizes Small Business Accounting Again |
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Mountain View, Calif. -
December
04,
2000 -
Intuit Inc. (NASDAQ:INTU) today affirmed its commitment to revolutionizing small business accounting with the debut of two products: QuickBooks® 2001, the most significant upgrade in years, and QuickBooks® for the Web, Basic Edition, its first exclusively Web-based accounting service. With desktop and Web-based solutions, Intuit aims to help even more of the estimated 28 million small businesses in America manage their small business finances. QuickBooks is the number-one small business financial software and is currently used by nearly three million small businesses.
Although the two solutions share ease-of-use as a common characteristic, each addresses very different small business customers. QuickBooks 2001 offers a business management solution for the millions of product- and service-based businesses with simple to sophisticated needs. QuickBooks for the Web addresses the needs of an emerging segment of entrepreneurs who want remote Internet access to simple and easy accounting. Full releases on these products were distributed separately today and are available via Intuit's online Press Room www.intuit.com/company/pressroom.
QuickBooks 2001 includes business services, designed to streamline business management and automate essential activities, created through new alliances:
- X.com will provide payment processing for Online Billing in QuickBooks 2001 through PayPalSM, the world's largest Internet-based payment network, with a customer base of nearly 5 million. Businesses will have the ability to accept online payments from their customers when invoices are e-mailed.
- Chase Merchant Services, LLC., the nation's largest Merchant Acquirer, will be a new provider of payment processing capabilities through the QuickBooks Merchant Account Service available from within QuickBooks and QuickBooks Pro 2001 accounting software.
- j2 Global Communications, the leader in Internet faxing and communications services, as well as one of the largest global virtual office providers, has made available its online faxing capability under the eFax brand name for QuickBooks 2001 users. The integrated service allows users to easily send their invoice or estimate, in QuickBooks Pro only, to any fax number. In addition, QuickBooks for the Web users are able to deliver statements electronically from their desk via fax by simply setting their preferences. No additional sign-up or software are necessary for this feature.
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About Intuit
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Intuit Inc. (NASDAQ:INTU) is the leader in e-finance, including financial software and Web-based financial services for consumers and small businesses. Intuit develops and markets QuickBooks, the most popular small business accounting software; Quicken, the leading personal finance software; and TurboTax, the best-selling tax preparation software. An innovator in delivering Web-based financial tools, Intuit is the leading provider of online tax preparation and filing and online mortgages. Intuit is also breaking new ground as the leader in online bill presentment and payment, and in the delivery of its QuickBooks Internet Gateway platform of connected e-services for small businesses.
Intuit's Quicken.com Web site (www.quicken.com) is a leading financial site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
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Intuit, Quicken, QuickBooks, QuickBooks Pro, TurboTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. Quicken.com and QuickBooks.com, among others, are trademarks and/or service marks of Intuit Inc. Other marks are the property of their respective owners and should be treated as such.
This press release includes "forward-looking" statements about future financial results, future products, services and features or other events that have not yet occurred, including but not limited to statements relating to Intuit's QuickBooks products for the desktop and/or the web and/or related services ("QuickBooks Properties"). For example, statements in the future tense, and statements such as we "expect," we "anticipate" or we "believe" are forward-looking statements. Investors should be aware that actual results may differ materially from Intuit's expressed expectations because of risks and uncertainties about the future. Intuit will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Risks and uncertainties that may affect future results and performance include, but are not limited to, the following: certain features still need to be completed and/or integrated into the QuickBooks Properties, and are subject to risks and uncertainties involved in the product development process, including technological difficulties and possible delays. The proposed software/services are subject to competition via other software, the World Wide Web or other traditional means. The anticipated benefits of the proposed software/services to Intuit will depend on a number of variables, including the rate at which customers upgrade to the 2001 version of the products, customer acceptance of the proposed software/services, and the level of satisfaction of third party participants. Intuit cannot predict these upgrade, adoption and acceptance rates. Customers may not adopt the software/services in sufficient numbers for Intuit to reach anticipated revenue levels. Additional information about factors that could affect future results and events is included in Intuit's fiscal 2000 Form 10-K and subsequent reports filed by Intuit with the Securities and Exchange Commission.
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