posted
COI had an excellent day yesterday, jumped 13% and I still see some room for growth. Sell point is still 10.00 (this was over 20 a few months back).
posted
Payment Data Systems Projects Record 2nd Quarter Revenue 06:00 a.m. 07/25/2005 Provided by
- PDS Continues on Path of Sustained Record Growth - SAN ANTONIO, July 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- In review of the transaction volumes processed during the second quarter of 2005, Payment Data Systems, Inc. (PYDS) is able to project that it will show a continuation of record reported revenue for the quarter ended June 30, 2005. In addition, both the credit card transaction and dollar value volumes for June will show as our highest processing month to date.
Commenting on the increase in processing volume, Michael R. Long, Chairman and Chief Executive Officer of Payment Data Systems, said, "We are pleased to report that our credit card transaction and dollar volume growth for the second quarter of 2005 is trending upwards of 26% for transactions and up 29% in dollar volume above the first quarter of 2005. Also, our customer base continues to grow in numbers as well as relative size per account. We have grown to over 80 customers today."
Long added, "Revenue generated by our merchant customers continues to contribute significantly to our overall numbers. However, we are monitoring a shift in our business and it is possible that higher margin stored-value cards could overtake that number within the next year. Of course, both product lines remain strategic in their value proposition to our customers and in our revenue development."
Long continued, "Perhaps one of the more satisfying aspects of our business is that our larger and more complex customers are seeing the value and depth of our solutions and are adding on additional services from PDS."
posted
OBDP is hurting, not sure why, I'll look into possibility of dilution. News has been great so it is the only reasonable possibility. Holding for now. Out of COI at 7.5, for a quick 15%.
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