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The following companies
have had news releases since our last update.
Payment
Data Systems Reports 2004 Results; Revenue Up 200 Percent Year Over Year...(PYDS)
FTS
Expects 2004 Revenue in the Range of $700,000 to $730,000 vs. 2003 Revenue
of $108,655, an Increase of more than 550%...(FLIP)
Nicolas
Cage Joins Family Room Entertainment With ``THE WICKER MAN''...(FMLY)
China
Digital Communication Group to Expand R&D Operations in Shenzhen,
China...(CHID)
Payment Data Systems...(PYDS)
Press Release:
Payment
Data Systems Reports 2004 Results; Revenue Up 200 Percent Year Over Year...(PYDS)
Announced
financial results for the year ended December 31, 2004. Year over year,
revenues increased 200% to $357,566 for 2004 from $119,297 for 2003.
Commenting on the increase in
revenues, Michael R. Long, Chairman and Chief Executive Officer of Payment
Data Systems, said, "We are pleased with our performance for 2004
after only beginning to process credit cards in the fourth quarter of
2003. Throughout the year, we experienced steady and consistent growth
from month to month that suggests our products and services bring value to
the marketplace. In particular, during the latter months of 2004, we began
to see a significant shift in our business as the customer signings became
larger and transaction growth began to increase among incumbent customers.
As such, revenues for the fourth quarter of 2004 grew 144% to $168,966
from $69,201 in revenues for the preceding third quarter with the growth
in card processing leading the increase. The trend of increasing
card-based revenues is expected to continue in 2005."
Some of the Highlights for '04
include:
Announcement of bill payment
patent.
Announcement
of an account update function to eliminate unnecessary contact with
recurring payment credit card customers.
Entered new
market segments such as charitable giving, consumer credit counseling,
telecommunications and insurance.
Delivered
debit card into the consumer lending industry that has shown significant
growth potential through the initial delivery of 50,000 debit cards.
Credit Payment
Services will soon complete its first quarter of debit card distribution
and remains on track to generate up to $1,000,000 in revenue in 2005.
Expanded
debit card distribution through Secure Cash Network's affiliate
programs and with Payment Data Systems providing the technology to
power the http://www.reloadhere.com
site for debit cards.
Announced partnership with
Secure Cash Network for providing the two-card Pronto Banco, which
is focused on the Hispanic unbanked community.
Entered into key relationships
with other innovative partners such as Network1, Kubra, and Central
Bancard that have provided the opportunity to expand technology and
services to new communities of customers.
To view the
Full Press Release
please visit http://biz.yahoo.com/iw/050307/082223.html
For the Full Profile on PYDS Please visit http://www.smallcapreview.com/pyds.htm
FTS Wireless...(FLIP)
Press
Release: FTS
Expects 2004 Revenue in the Range of $700,000 to $730,000 vs. 2003 Revenue
of $108,655, an Increase of more than 550%
Announced that it expects to report 2004
top-line revenue in the range of $700,000 to $730,000 when the company
files its form 10K with the Securities and Exchange Commission later this
month. FTS also reported today that the company extinguished 100% of its
convertible debt during the first quarter of 2005.
To view the
Full Press Release
please visit
http://biz.yahoo.com/pz/050304/73854.html
For the Full Profile on FLIP Please visit http://www.smallcapreview.com/flip.htm
China Digital...(CHID)
Press Release: China
Digital Communication Group to Expand R&D Operations in Shenzhen,
China
Announced that it has expanded its research
and development team to help develop and improve a new series of product
lines. It also detailed steps taken recently to lower its operating and
procurement costs.
Shenzhen E'Jenie, China Digital's
battery-shell manufacturing subsidiary, has set up a research and
development team made up of technicians specializing in steel-shell,
aluminum-shell and cap products. The new R&D team has already helped
the Company cut its product defect rate significantly from the third
quarter to the fourth quarter of 2004.
To view the
Full Press Release
please visit http://biz.yahoo.com/bw/050304/45140_1.html
For the Full Profile on CHID Please visit http://www.smallcapreview.com/chid.htm
Family Room Entertainment...(FMLY)
Press Release:
Nicolas
Cage Joins Family Room Entertainment With ``THE WICKER MAN''
Emmett/Furla Films, a
wholly owned subsidiary of Family Room Entertainment Corporation, in
conjunction with Millennium Films and Equity Pictures, announced that
Nicolas Cage has signed to star in "THE WICKER MAN" for
writer/director Neil LaBute.
To view the
Full Press Release
please visit http://biz.yahoo.com/bw/050304/45507_1.html
For the Full Profile on FMLY Please visit http://www.smallcapreview.com/fmly.htm
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eighteen thousand dollars by Payment Data Systems, nine thousand dollars by FTS Wireless,
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