SOURCE: Payment Data Systems, Inc.

June 27, 2005 12:52 ET

Payment Data Systems CEO Provides Shareholder Business Outlook for 2005 and 2006

SAN ANTONIO, TX -- (MARKET WIRE) -- June 27, 2005 -- Payment Data Systems, Inc. (OTC BB: PYDS), an integrated electronic payments solutions provider, today announced the availability of a letter to shareholders. Full text of the letter is available at: http://www.paymentdata.com/investor.htm.

In the letter to shareholders, Chairman and CEO Michael Long provides a recap of the Annual Shareholder Meeting that took place in San Antonio on June 21, 2005. The letter provides a brief synopsis of 2004 and highlights of a few important strategic initiatives for the months ahead.

Long said, "We recently concluded our Annual Shareholder Meeting on June 21. At the meeting we provided a review of 2004 and provided some insight to the coming strategic initiatives for the remainder of this year and into the next. For those who were not able to attend, we wanted to find a way to provide them the same updates. We are very positive about the coming months and feel it is important to share that excitement with our shareholders."

About Payment Data Systems, Inc.

Payment Data Systems, Inc. is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).

Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

These are all managed within a single comprehensive storage and retrieval system thereby providing the customer consolidated tracking and reporting of all payment types regardless of source or channel.

Payment Data is the owner of the electronic bill payment portal, http://www.bills.com. Bills.com has the ability to transmit electronic payments to thousands of national billers.

For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com

FORWARD-LOOKING STATEMENTS DISCLAIMER

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.

Contact Information

  • Contact:
    Michael Long
    Investor Relations
    210.249.4040
    Email Contact