Press Releases

Broadridge and NewRiver Extend Agreement on Disclosure Document E-Delivery Solution

NEW YORK, New York -- September 10, 2007 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today announced an extension of their agreement with NewRiver, Inc. to provide a database of disclosure documents to assist Broadridge in electronic delivery of regulatory documents to investors.

For the past five years, Broadridge has worked with NewRiver and a select number of Broadridge clients for e-delivery of confirming and first-dollar prospectuses. "E-delivery provides another option for investors to receive disclosure documents timely and in a form more appropriate to their needs. We are excited about continuing to expand this offering to our entire client base," says Gerard Scavelli, President, Information Distribution Solutions, Broadridge.

Broadridge provides confirming and first-dollar in services for over 150 financial institutions. Over the last year, Broadridge has delivered more than 57 million prospectuses in both electronic and traditional forms in a very efficient and cost effective manner.

NewRiver sources 23,000 disclosure documents directly and daily from EDGAR, the SEC's mutual fund database. As a result, Broadridge can deliver compliant documents faster and more efficiently for its clients, while their clients can provide greater convenience and better protection downstream for investors with information that's timely and accurate.

Regulators and financial firms have begun to embrace the potential advantages of electronic disclosure as the industry moves toward compliance reform and simplified investor disclosure communication. "Broadridge's large client base and NewRiver's innovative technology give the industry a fast track to provide investors a choice of e-delivery," says Russell Planitzer, NewRiver Chairman and Chief Executive Officer. "Offering customers a preference in how they receive up-to-date compliance information provides a more compelling industry solution."


About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.

For more information about Broadridge, please visit

About NewRiver, Inc.

NewRiver, Inc. is the industry leader for electronic compliance and intelligent document services for the financial brokerage and retirement industries. NewRiver's solutions enable financial brokerages, retirement plan providers, variable annuity providers, and retirement plan record keepers to dramatically decrease operations expenses, to strengthen customer and business partner relationships, and to improve the productivity of their employees. NewRiver currently serves more than 100 top financial companies, including Allianz/USAllianz Securities; Coates Analytics; E*Trade Securities; First Allied Securities; Lincoln Financial Group; MFS Retirement Services; Park Avenue Securities, LLC, an indirect Wholly-Owned Subsidiary of The Guardian Life Insurance Company of America; Southwest Securities; UBS PaineWebber; and, Wachovia Securities. NewRiver is headquartered in Andover, Massachusetts. For more information, please visit

Forward-Looking Statements

This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Statements that are not historical in nature, such as our fiscal year 2011 financial guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements.  These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed.  These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 (the “2010 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission.  Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report.  These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients’ customer information; the failure of Broadridge’s outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; Broadridge’s failure to keep pace with changes in technology and demands of its clients; Broadridge’s ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Top of Page