LMLP: 0.6249 +0.0348 (+5.90%) : LML Payment Systems, Inc. - *****STAR 2ND UPDATE

LMLP: 0.6249 +0.0348 (+5.90%) : LML Payment Systems, Inc. - Yahoo! Finance: "LML Payment Systems, Inc.
(NasdaqCM: LMLP)

Real-Time: 0.6250 Up 0.0349 (5.91%) 9:30am EThelp
Last Trade: 0.6249
Trade Time: 1:10pm ET
Change: Up 0.0348 (5.90%)
Prev Close: 0.5901
Open: 0.62
Bid: 0.62 x 16000
Ask: 0.6250 x 3400
1y Target Est: 3.20
Day's Range: 0.60 - 0.6250
52wk Range: 0.30 - 2.13
Volume: 13,100
Avg Vol (3m): 20,183.1
Market Cap: 16.94M
P/E (ttm): 3.08
EPS (ttm): 0.203"
"We are extremely pleased with our continued progress during the last quarter. In particular, our Transaction Payment Processing segment continued to do well. Actual Canadian sales were up close to 28%, but when converted to U.S. dollars and combined with the weakening Canadian dollar, we report an 11% growth rate for the segment. We added 291 new customers this quarter and this segment produced $2.2 million in revenue or 67% of our overall revenue while producing gross margins of approximately 44%. Despite slower economic times, we believe that e-commerce, and electronic payments in general, should 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.