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Deluxe Raises Third Quarter and Full-Year Earnings Estimates

Friday, October 13, 2006

Press release from the issuing company

ST. PAUL, Minn., Oct. 12 -- Deluxe Corporation reported today that it now expects diluted earnings per share for the quarter ended September 30, 2006 to range from $0.59 to $0.61, up from the previous guidance of $0.41 to $0.45. The updated guidance reflects the impact of better than expected operating performance in each of the Company's three business segments due primarily to lower manufacturing costs and selling, general and administrative expenses. In addition, a lower tax rate is expected to contribute $0.06 per share more in the quarter than previously anticipated due to one-time adjustments. The Company also reported that revenue for the third quarter will be approximately $398 million. On a full year basis, the Company stated that it expects diluted earnings per share to be at least $1.60, which is higher than the previously announced expectation of $1.41 to $1.51. The Company previously announced it will report its third quarter 2006 results on Thursday, October 26, 2006 prior to market open. On the same day, the Company will hold an open-access conference call at 11:00 a.m. EDT (10:00 a.m. CDT).




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