FNF Fidelity National Financial Inc

Fidelity National Financial, Inc. Announces Acquisition of Geotrac, Inc. JACKSONVILLE, Fla., July 6 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF) today announced the acquisition of Geotrac, Inc. ("Geotrac"), the nation's third-largest provider of flood determination and life of loan monitoring services. Geotrac provides flood information services to more than two thousand customers, with particularly strong penetration in the Midwest region of the country. The combination of FNF and Geotrac will further solidify FNF's position as the nation's second-largest provider of flood determination and life of loan monitoring services. "Geotrac provides additional critical mass and improved scale to our flood information business, and its strength in the Midwest provides additional geographic coverage that augments our current market penetration," said FNF Chairman and Chief Executive Officer William P. Foley, II. "Additionally, the addition of Geotrac's digitized flood plain maps will allow us to continue to increase the percentage of automatic determinations and reduce manual exception processing, providing the opportunity for even greater operating margins." "The mortgage services marketplace is changing at Internet speed," said Geotrac CEO Dan White. "After more than a quarter century as a single product provider to the mortgage industry, it is time for Geotrac to blend its operation with an innovative, market-leading multi-product firm such as Fidelity National Financial." Fidelity National Financial, Inc., number 262 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. The Company had total revenue of more than $7.7 billion and earned more than $860 million in 2003, with cash flow from operations of nearly $1.3 billion for that same period. FNF is a leading provider of information-based technology solutions and processing services to financial institutions and the mortgage and financial services industries through its subsidiary Fidelity Information Services, Inc. Fidelity Information Services processes nearly 50 percent of all U.S. residential mortgages, has processing and technology relationships with 45 of the top 50 U. S. banks and has clients in more than 50 countries who rely on its processing and outsourcing products and services. Additionally, FNF is the nation's largest title insurance company and also provides other real estate- related services such as escrow, flood and tax certifications with life of loan monitoring, merged credit reporting, property valuations and appraisals, default management, relocation services, flood, homeowners and home warranty insurance, exchange intermediary services, mortgage loan aggregation and fulfillment, multiple listing services software, mortgage loan origination software, collateral scoring analytics and real property data. 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 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 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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