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Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Business Summary: Pipeline Data Inc., through its subsidiaries, provides merchant payment processing services and related software products in the United States.   Address   4400 N Point Pkwy   Alpharetta , GA 30022-2472   Phone: 687-867-6000   Website: http://www.pipelinedata.com Auditor   Drakeford & Drakeford Transfer Agent   American Stock Transfer & Trust Co. Employees:  124 ShareHolders:  930 Founded:  1997 Domicile:  Delaware      S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Pipeline Data Inc., through its subsidiaries, provides merchant payment processing services and related software products in the United States. It delivers credit and debit card-based payment processing solutions primarily to small to medium-sized merchants, who operate in physical `brick and mortar' business environment, over the Internet, or in mobile or wireless settings through cellular-based wireless devices. The company provides various services, including application evaluation/underwriting, merchant set-up and training, card transaction processing, risk management/detection of fraudulent transactions, merchant service and support, chargeback service, and merchant reporting to merchants accepting credit and debit-based payment cards. It also offers virtual terminal/gateway, a SecurePay product; electronic transaction authorization services; data capture and reporting services; shopping cart technology; and gateway and communication interfaces, as well as software application products and services. Pipeline Data Inc. markets and sells its products through Internet, direct sales, partnerships with independent sales organizations, bank alliances, and through association marketing and value added resellers, as well as cross sells its products. The company was founded in 1997 and is based in Alpharetta, Georgia. History:  INCORPORATED in Delaware June 23, 1997. March 19, 2002, acquired all of the stock of SecurePay.com, Inc. August 26, 2002, acquired all of the stock of Northern Merchant Services, Inc. December 20, 2005, acquired Charge.com, Inc. in exchange for $7.5 million in cash and $9.5 million in restricted Common shares.   Subsidiaries: Northern Merchant Services, Inc. SecurePay.com, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2006   592   2005   390   2004   258        S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Management Officers Position  Daniel  Nenadovic Chairman  Jack  Rubenstein Chairman  Macallister  Smith Vice Chairman  Randal A. McCoy President & Chief Executive Officer  Chris  Anderson Exec VP & Chief Financial Officer  Kevin  Smith Chief Operating Officer  Sheila  Corvino Secretary & General Counsel  Thomas  Tesmer Chief Technology Officer  Donald W. Gruneisen Treasurer  Curtis  James Investor Relations Contact Directors  Timothy  Agnew  Peter J. Kight  Randal A. McCoy  Daniel  Nenadovic  Jack  Rubenstein  Macallister  Smith      S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version   Capitalization as of 06/30/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 5,000,000 None Common $0.001 par 150,000,000 40,422,211so2   LONG TERM DEBT: $31,732,756.   Common $0.001 par   Stockholders:  12/31/2007, 930. Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): PPDA   Exchange Year High Low OTC Bulletin Board 2008 0.0000 0.0000 OTC Bulletin Board 2007 1.3000 0.5150 OTC Bulletin Board 2006 1.7000 1.0300 OTC Bulletin Board 2005 1.2300 0.7600 OTC Bulletin Board 2004 1.5000 0.5800 OTC Bulletin Board 2003 0.6500 0.0800 OTC Bulletin Board 2002 0.7500 0.1700   DIVIDENDS: Common $0.001 par: None.       so2Excl. 90,000 in treas.    S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Annual Report   Income Statement   2007 2006 Revenue 49,902,993 41,813,817 Interchange expenses 23,157,262 18,542,700 Cost of services sold 8,649,664 7,971,977 Cost of goods sold 380,483 373,408 Salaries 6,644,840 6,163,245 Selling, general and administrative 5,463,996 3,352,297 Customer acquisition cost amortization 624,819 423,846 Depreciation and Amortization 3,114,431 2,372,503 Interest income 158,338 121,540 Interest expense 6,274,299 4,720,526 Loss on early retirement of debt ---- 2,140,107 Income tax (2,278,409) (1,839,438) Net income (1,970,054) (2,285,815) Share earns. basic ($0.06) ($0.12) Share earns. diluted ($0.06) ($0.12)   Balance Sheet   2007 2006 ASSETS Cash and cash equivalents 995,238 2,770,494 Accounts receivable 2,645,825 3,028,719 Interest receivable -- 7,778 Inventory 91,697 95,184 Advances and prepaid expenses 96,032 243,125 Note receivable 145,408 300,000 Total current assets 3,974,200 6,445,300 PROPERTY AND EQUIPMENT, net 1,395,226 1,117,380 Restricted cash 976,228 564,575 Intangibles 13,569,381 15,585,602 Defr. inc. tax -- Note receivable 746,454 693,792 Other assets 2,121,634 1,795,805 Goodwill 43,458,990 38,821,893 TOTAL ASSETS 66,242,113 65,024,347 LIABILITIES Accounts payable and accrued expenses 2,294,513 2,104,939 Lease obligations 84,173 60,765 Notes payable 192,070 -- Other curr. liabs. 1,331,744 347,670 Total current liabilities 3,902,500 2,513,374 Long-term debt 30,438,040 28,274,014 Defr. inc. tax 1,361,700 3,640,109 Other liabs. 41,259 -- Com. stk. p.$0.001 40,471 38,618 Treas. stk. (73,260) (37,260) Additional paid-in capital 23,471,652 22,474,263 Retained Earnings (6,425,776) (4,455,722) TOTAL LIABILITIES 66,242,113 65,024,347      S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   Pipeline Data Inc. Symbol:  PPDA Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 9,520,000   2008   1 11,410,000   2008   2 12,120,000   2008   3 11,460,000   2008   4 10,930,000   2008   Full Year 45,920,000   2007   1 11,860,000   2007   2 13,080,000   2007   3 12,750,000   2007   4 12,210,000   2007   Full Year 49,900,000   2006   1 7,450,000   2006   2 15,810,000   2006   3 14,930,000   2006   4 11,080,000   2006   Full Year 41,810,000   2005   1 4,510,000   2005   2 10,750,000   2005   3 6,280,000   2005   4 7,060,000   2005   Full Year 24,100,000   2004   1 2,860,000   2004   2 6,950,000   2004   3 4,170,000   2004   4 4,440,000   2004   Full Year 15,570,000     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (1,940,000)   2008   1 (1,160,000)   2008   2 (920,000)   2008   3 (3,110,000)   2008   4 (30,530,000)   2008   Full Year (35,720,000)   2007   1 (1,100,000)   2007   2 (830,000)   2007   3 (110,000)   2007   4 (840,000)   2007   Full Year (1,970,000)   2006   1 (350,000)   2006   2 (1,840,000)   2006   3 (300,000)   2006   4 (140,000)   2006   Full Year (2,285,800)   2005   1 80,000   2005   2 230,000   2005   3 280,000   2005   4 (140,000)   2005   Full Year 368,800   2004   1 (50,000)   2004   2 110,000   2004   3 (160,000)   2004   Full Year (297,200)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.02)   2008   1 (.03)   2008   2 (.03)   2008   3 (.08)   2008   4 (.68)   2008   Full Year (.77)   2007   1 N/A   2007   2 (.02)   2007   3 (.01)   2007   4 (.01)   2007   Full Year (.06)   2006   1 (.01)   2006   2 (.04)   2006   3 (.01)   2006   4 Nil   2006   Full Year N/A   2005   1 Nil   2005   2 Nil   2005   3 .01   2005   4 Nil   2005   Full Year .01   2004   1 Nil   2004   2 Nil   2004   3 (.01)   2004   4 (.01)   2004   Full Year (.01)      S & P Disclaimer