Fidelity National Title Group, Inc. Files Amended Form S-1 Registration Statement
August 18 2005 - 10:32AM
PR Newswire (US)
JACKSONVILLE, Fla., Aug. 18 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF) today announced that its
wholly-owned subsidiary Fidelity National Title Group, Inc. ("FNT")
has filed an amended Form S-1 Registration Statement pertaining to
the previously announced strategic restructuring and public
distribution of a minority interest in FNF's title insurance
operations. The amended Form S-1 Registration Statement filing was
submitted in the name of Fidelity National Title Group, Inc. so
those persons wishing to access the filing are advised to utilize
the name Fidelity National Title Group, Inc. when accessing the
Securities and Exchange Commission website. Fidelity National
Financial, Inc., number 261 on the Fortune 500, is a provider of
products and outsourced services and solutions to financial
institutions and the real estate industry. FNF had total revenue of
nearly $8.3 billion and earned more than $740 million in 2004, with
cash flow from operations of nearly $1.2 billion for that same
period. FNF is the nation's largest title insurance company, with
nearly 31 percent national market share, and is also a provider of
other specialty insurance products, including flood insurance,
homeowners insurance and home warranty insurance. Through its
majority-owned subsidiary Fidelity National Information Services,
Inc. ("FIS"), the Company is a leading provider of technology
solutions, processing services and information services to the
financial services and real estate industries. FIS' software
processes nearly 50 percent of all U.S. residential mortgages, it
has processing and technology relationships with 45 of the top 50
U.S. banks and more than 2,800 small and mid-sized U.S. financial
institutions and it has clients in more than 50 countries who rely
on its processing and outsourcing products and services. FIS also
provides customized business process outsourcing related to aspects
of the origination and management of mortgage loans to national
lenders and servicers. FIS offers information services, including
property data and real estate-related services that are used by
lenders, mortgage investors and real estate professionals to
complete residential real estate transactions throughout the U.S.
More information about the FNF family of companies can be found at
http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . This
press release contains statements related to future events and
expectations and, as such, constitutes forward-looking statements.
These forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual
results, performance or achievements of the Company to be different
from those expressed or implied above. The Company expressly
disclaims any duty to update or revise forward- looking unaudited
statements. The risks and uncertainties which forward- looking
statements are subject to include, but are not limited to, the
effect of governmental regulations, the economy, competition, the
possibility that the conditions for the distribution will not be
met or that the anticipated benefits of the distribution will not
be obtained and other risks detailed from time to time in the
"Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, Fidelity National Financial, Inc.,
+1-904-854-8120, or Web site: http://www.fnf.com/
http://www.fidelityinfoservices.com/
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