Intuit to Provide Pacific Bell Customers Ability to Receive and Pay Telecommunications Bill Online

Business Wire, August 15, 2000

Intuit's Quicken.com(TM) 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.

This press release may include "forward-looking" statements about future financial results, future products and services or other events that have not yet occurred, including but not limited to statements regarding prospects for Intuit's online bill payment and bill presentment services. 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 the following: The technology that will allow Intuit to make available additional services and content, such as presenting Pacific Bell bills on Quicken.com, presenting "hard copy" bills online, or providing billing and payment services through portal distribution sites, is still under development, and the completion of this technology is subject to risks and uncertainties, including technological difficulties and possible delays. The anticipated benefits to Intuit of the additional services and content will depend on the rate at which billers, billing service providers and customers adopt the new technology and the additional services and content utilizing the new technology, and the adoption rate cannot be predicted. There also can be no assurance that key business relationships will continue or be successful among the various companies necessary to complete development of the new technology and the additional services and content utilizing the new technology. Additional information about factors that could affect future results and events is included in Intuit's fiscal 1999 Form 10-K and subsequent reports filed by Intuit with the Securities and Exchange Commission.

Note to Editors: 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. Excite and Webcrawler are service marks or registered service marks of At Home Corporation in the United States and other countries. AOL is a registered service mark of America Online.