We would like to highlight EXACT Sciences Corp. (NASDAQ: LMLP). The company is a leading provider of financial payment processing solutions for e-commerce and traditional businesses. We provide credit card processing, online debit, electronic funds transfer, automated clearinghouse payment processing and authentication services, along with routing of selected transactions to third party processors and banks for authorization and settlement.
In the company’s recent news,
LML Payment Systems Inc. (LMLP) announced reports for the three months ended June 30, 2008. LML posted a 118 percent increase in first-quarter revenues, at $3.2 million, up from $1.5 million for the same period last year, and reported it added 324 new customers for the quarter.
In the press release, Patrick H. Gaines, president and CEO of LML attributed the positive results to its Transaction Payment Processing segment, which attributed to $1.9 million in revenue, or 62 percent of overall revenues, while producing gross margins of approximately 45 percent.
“We also continued to realize significant cost savings as a result of re-positioning our check processing segment in the last two quarters of the previous year. We believe that e-commerce, in general, will continue to experience significant growth and we also believe that we are positioning ourselves to take advantage of that growth through our continued partnership approach to service offerings,” Gaines stated. “During the quarter, we made measured and deliberate progress with respect to our intellectual property activities. We strongly believe in the validity and enforceability of our intellectual property and we anticipate having more to report in this regard in future quarters.”
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
