June 13, 2005 - John H. Harland Co. has completed its acquisition of Liberty Enterprises Inc. in a $160 million cash-for-assets transaction. The addition of Liberty Enterprises will expand Harland's presence among credit unions and will position Harland as the preferred partner for credit unions across the country.

Founded in 1985, Liberty Enterprises is a leading provider of payment systems, marketing services, education and e-commerce solutions to the credit union market. Liberty Enterprises is comprised of Liberty Essentials, which provides checks and forms primarily to credit unions; MyDAS Marketing, which provides training and education; ALTAFI, a strategic marketing and creative company; and Cavion Plus, a developer of secure Internet financial products and services. Liberty Enterprises generated revenues of $135 million in 2004. www.libertysite.com

Publicly traded Atlanta-based John H. Harland Co., with an equity market capitalization of approximately $1 billion, is a leading provider of software and printed products to the financial and educational markets. Harland Financial Solutions, Inc., a wholly owned subsidiary, supplies software and services, including customer relationship management, deposit and loan origination, core systems and mortgage services to thousands of financial institutions of all sizes. Harland's printed products offerings include checks, analytical services, direct marketing and financial forms. Wholly owned subsidiary Scantron Corp. is a leading provider of both paper and electronic-based services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets. www.harland.net

Duff & Phelps served as the exclusive financial advisor to Liberty Enterprises Inc., initiating the transaction and leading the negotiations and execution. Duff & Phelps is a national investment banking and financial advisory firm focused on providing merger and acquisition, private placement, valuation, financial opinion and restructuring services to middle-market companies. Since 1932, Duff & Phelps has been committed to delivering independent advice and service of exceptional quality to a broad range of public and private companies.  www.duffllc.com

For additional information related to this transaction, please contact either Bryce May or Rick Steingraber at Duff & Phelps:

Bryce May
Managing Director
909 Third Avenue
12th Floor
New York, NY 10022
(212) 450-2845

Rick Steingraber
Managing Director
1170 Peachtree Street
Suite 1630
Atlanta, GA, 30309
(404) 260-7601