N@N

Tier Schedules Fiscal 2010 Fourth Quarter and Year End Earnings Release and Conference Call

^{Published on 2010-11-16 13:20:32 - Market Wire}
 

RESTON, Va.--([ BUSINESS WIRE ])--Tier Technologies, Inc. (Nasdaq:TIER) will announce financial results for the fiscal 2010 fourth quarter and the year ended September30, 2010 on Monday, November 22, 2010.

Alex P. Hart, President and Chief Executive Officer and Ronald W. Johnston, Chief Financial Officer, will host a conference call on Tuesday, November 23, 2010, at 8:00 a.m. Eastern Time to discuss the Company's quarterly and year end results.

To access the conference call, please dial (888) 455-7818 and provide pass code TIERQ4. The conference call will also be broadcast live via the Internet at [ www.tier.com ]. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software. Participants will need to provide the conference ID #9206454 and pass code TIERQ4.

For those who cannot access the live broadcast, a replay will be available at [ www.tier.com ], or by calling (866) 445-8304 and entering conference ID #9206454 from 10:00 a.m. Eastern Time, Tuesday, November 23, 2010 until 11:59 p.m. Eastern Time on December 7, 2010.

About Tier Technologies, Inc.

Tier Technologies, Inc. is a leading provider of electronic payment solutions in the biller direct market. Headquartered in Reston, Virginia, the company provides enhanced electronic payment services that include multiple payment choices, payment channels, and bill payment products and services to over 4,600 clients in all 50 states and the District of Columbia. Tier serves clients in multiple markets including federal, state, and local governments, educational institutions, utilities and commercial clients through its subsidiary, Official Payments Corporation. For more information, see [ www.tier.com ] and [ www.officialpayments.com ].

Forward looking statements

Statements made in this press release that are not historical facts are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events or Tiera™s future financial and/or operating performance and generally can be identified as such because the context of the statement includes words such as amay,a awill,a aintends,a aplans,a abelieves,a aanticipates,a aexpects,a aestimates,a ashows,a apredicts,a apotential,a acontinue,a or aopportunity,a the negative of these words or words of similar import. Tier undertakes no obligation to update any such forward-looking statements. Each of these statements is made as of the date hereof based only on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including, but not limited to: general economic conditions, which affect Tiera™s financial results in all our markets, which we refer to as averticals,a particularly federal, state and local income tax and property tax verticals; effectiveness and performance of our systems, payment processing platforms and operational infrastructure; our ability to grow EPS Net Revenue while keeping costs relatively fixed; the potential loss of funding by clients, including due to government budget shortfalls or revisions to mandated statutes; the timing, initiation, completion, renewal, extension or early termination of client projects; our ability to realize revenues from our business development opportunities; the impact of governmental investigations or litigation; and unanticipated claims as a result of project performance, including due to the failure of software providers or subcontractors to satisfactorily complete engagements. For a discussion of these and other factors which may cause our actual events or results to differ from those projected, please refer to our quarterly report on Form 10-Q for our fiscal quarter ended June30, 2010, filed with the SEC.