Diebold to Provide Preliminary Financial Results

June 30, 2008 8:57 AM EDT

NORTH CANTON, Ohio, June 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated (NYSE: DBD) today announced that it expects to release preliminary financial results for 2007 and the first and second quarters of 2008 in four to six weeks.

As previously disclosed, the company and its audit committee, in consultation with their outside advisors, have been reviewing other accounting items, including various balance sheet accounts, such as prepaids, accruals, capitalized assets, deferred revenue and reserves within both the company's North America and International businesses. Diebold is in the process of compiling the restatement adjustments resulting from the internal review, which is nearing completion, and determining the appropriate tax effects. Diebold also continues to review the results with its external auditors and audit committee.

Upon completion of this process, including audit committee review and approval, Diebold will release preliminary financial results, and hold a conference call for analysts with management. Given the work remaining, Diebold anticipates it will be able to release preliminary financial results in four to six weeks. The company plans to announce details for this conference call approximately one to two weeks prior to the release date.

Diebold intends to file the necessary restated financial statements as soon as is practical after the release of its preliminary financial information, and following determination of the requisite financial information to be restated and completion of the required reviews by the company's external auditors and audit committee. While the restated financial statements will address the issues identified in the company's internal review, the previously disclosed investigations by the Securities and Exchange Commission and U.S. Department of Justice remain ongoing and there can be no assurance that the results of these investigations will not impact previously reported financial statements.

Forward-Looking Statements

In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements relate to, among other things, the completion of the internal review of other accounting items, the completion of the company's financial statements for the quarters ended June 30, 2007, September 30, 2007 and March 31, 2008 and the year ended December 31, 2007, the completion of the company's restated financial statements, and the ongoing SEC and Department of Justice investigations. The use of the words "will," "believes," "anticipates," "expects," "intends" and similar expressions is intended to identify forward-looking statements that have been made and may in the future be made by or on behalf of the company.

Although the company believes that these forward-looking statements are based upon reasonable assumptions, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The company is not obligated to update forward-looking statements, whether as a result of new information, future events or otherwise.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to:

- the completion of the internal review of other account items;

- the finalization of the impact on the company's financial statements of its change in its revenue recognition practices for its North America business segment and any other business segment;

- the results of the SEC and Department of Justice investigations; and

- the completion of the company's financial statements for the quarters ended June 30, 2007, September 30, 2007 and March 31, 2008 and the year ended December 31, 2007, and the completion of the restatement of the company's financial statements;, including the review of such financial statements by the company's external auditors.

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at www.diebold.com .

SOURCE Diebold, Incorporated

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