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Microcap & Penny Stocks : Electronic Clearing House Inc

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To: maria who wrote (223)	4/29/1998 7:25:00 AM
From: John Mav	Read Replies (2) of 1038

re USPS Research and development revenue decreased 42.3% for the current fiscal quarter over the same fiscal quarter last year, reflecting less development work done for customers. A current development project has been initiated at the request of the United States Postal Service (USPS). The Company provided software and hardware to the USPS for the development and deployment of automated money order dispensing systems under a pilot program in Texas. The pilot program was focused on providing automation to low volume USPS offices and the pilot was extended in January 1998 for six months. At the time of the extension, the USPS authorized the Company to design additional features in the overall system and such enhancements are the primary basis of the current development project. Recently, the USPS has requested the integration of the terminal provided by the Company to operate with specific printers the USPS uses in its higher volume locations. This request is an indication that its terminal is under consideration, the Company believes, for a broader use in the USPS environment in the higher volume offices but no assurance of such use can be given at this time.

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