SOURCE: Payment Data Systems, Inc.

Payment Data Systems, Inc.

February 25, 2011 08:15 ET

Payment Data Systems CEO Issues 2010 Year-in-Review Letter to Shareholders

SAN ANTONIO, TX--(Marketwire - February 25, 2011) - Payment Data Systems, Inc. (OTCBB: PYDS), an integrated electronic payments solutions provider, today announced the availability of a Letter to Shareholders from the Company's Chairman and CEO Michael Long. The full text of the letter can be found online at

The letter provides a year-in-review for 2010 and 2009, discussing the Company's key achievements, financial highlights, new products, internal growth and acquisition strategies, and future outlook. Mr. Long commented, "As we approach the sixth anniversary of our company, we wanted to provide a more detailed update on our progress in 2010 as well as discuss those significant revenue and market opportunities that can positively impact shareholder value throughout 2011."

About Payment Data Systems, Inc.

Payment Data Systems is an integrated payment solutions provider to merchants and billers. The Company provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments. For more information, please visit the Company's websites at,, and

Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.

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