Payment Data Systems, Inc. CEO Provides Positive Outlook for Remainder of 200528 August 2005
Payment Data Systems, Inc. (OTC Bulletin Board: PYDS) Chairman and CEO, Michael Long, comments on the outlook for the remainder of the year and recent inquiries related to stock
price and trading.
"I have received today a number of inquiries from our shareholders asking me to comment on why our stock is trading in its current pattern and price range. It is always difficult, if not impossible, to determine why a stock trades in a particular fashion, be that bad or good. Certainly any speculation on that is clearly out of place from anyone but particularly out
of place for me to engage in that with our stock.
"So while I cannot provide insight or guidance related to the stock trading I can say without equivocation and in the strongest terms possible that there are no negative developments that we are aware of that would warrant such a decline in stock price.
"Furthermore, the company has sustained continued growth quarter over quarter and the outlook for Q3 and Q4 indicates there are currently clear reasons to expect the same positive circumstances should carry on unabated. As we look forward into 2006, again, with the conditions we understand to be in place today, we anticipate positive results for the company's initiatives and the associated revenues."
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
