SOURCE: Wall Street News Alert

June 28, 2005 08:49 ET

Wall Street News Alert: PYDS Continues to Experience Significant Growth!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 28, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTC: PYDS), GE (NYSE: GE), SIRIUS Satellite Radio (NASDAQ: SIRI) and Exxon Mobil Corporation (NYSE: XOM).

Payment Data Systems, Inc. (OTC: PYDS) may be appearing on the radar screen of aggressive investors and day traders again this morning! Yesterday after the stock markets closed, the company, an integrated electronic payments solutions provider, issued a press release announcing that it continues to experience significant growth quarter over quarter both in the total dollar value and volume of transactions being processed.

This could be huge news for investors! The company's press releases states, with June nearly completed and closing our second quarter, we can project, on an unaudited basis, that both the transaction and dollar value volumes for June will show as PDS' best processing month to date. Before this month, March of this year was the highest transaction processing volume in our history.

PDS continues to experience quarter to quarter percentage growth in high double digits both in terms of the number of transactions (ACH and Credit Card) as well as the value of the transactions.

"We have been pleased to see a strong period of sustained growth in our business since we began the significant ramping of revenues late last year. Projecting our numbers into the remainder of June, we do not see anything that suggests the Q2 growth percentages will result in anything different from the prior trend," said Michael Long, CEO.

Investors watch this company! Long added, "We see this new benchmark as one that reinforces a reasonable expectation of continued growth as we continue our march toward profitability. Furthermore, it remains an endorsement by the market of the viability and effectiveness of our solutions."

Payment Data Systems technology is continuing to spread! On June 14th, we reported that the company announced that it had signed a multi-year agreement in which Thalassa will be an exclusive referrer of Payment Data Systems solutions into a variety of highly adaptive industry segments and will utilize Payment Data's services for their planned nationwide roll-out of 10,000 KIOSKS.

For more in-depth coverage and a company profile of Payment Data Systems, visit

The stock closed yesterday at Twenty cents a share.

In case you are not familiar with the company: 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, has the ability to transmit electronic payments to thousands of national billers.

Stocks showing interesting activity yesterday at the close of the regular trading day were: GE (NYSE: GE) down 0.4% on 23.9 million shares traded, SIRIUS Satellite Radio (NASDAQ: SIRI) up 0.5% on 20.4 million shares traded and Exxon Mobil Corporation (NYSE: XOM) up 1.9% on 17.2 million shares traded.


"The FOMC and Alan Greenspan will meet this week and most analysts agree that there will be a rise of 25 basis points in the overnight rate, currently at 3.0%. Now the big question is when the tightening will end," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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