Intuit Statement Supporting South Korean Trade Agreement

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU) tonight issued the following statement supporting President Obama's announcement of a trade agreement with South Korea. It may be attributed to Brad Smith, president and chief executive officer.

"Global competitiveness is an essential component of American economic recovery, growth and job formation. We applaud the President's leadership in driving a successful diplomatic process to conclude this key trade agreement.

"Free trade, level playing fields, and full, fair and open global competition is in everyone's interest. Rigorously advancing these principles is critically important economic policy, and I want to commend the President and the administration's leadership team."

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks(R), Quicken(R) and TurboTax(R), simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal year 2010. The company has approximately 7,700 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

    Source: Intuit Inc.

Released December 3, 2010