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Microcap & Penny Stocks : LML Payments Systems, Inc. (LMLP) -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (90)	1/26/2000 10:09:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 122

(COMTEX) B: LML PAYMENT SYSTEMS - COMPANY EXPANDS SUPERMARKET PRESENC B: LML PAYMENT SYSTEMS - COMPANY EXPANDS SUPERMARKET PRESENCE GROCER BRINGS ON ADDITIONAL 17 STORES VANCOUVER, British Columbia, Jan 26, 2000 /PRNewswire via COMTEX/ -- LML Payment Systems Inc. (Nasdaq: LMLP) subsidiary CHECK CENTER is pleased to report it has reached an agreement to provide check services to an additional 17 Dillons Grocery Stores, bringing the total number of Dillons Stores serviced to ninety-four. Dillons, headquartered in Hutchinson Kansas, operates supermarkets and grocery stores in Kansas, Missouri, Oklahoma and Arkansas. "Dillons has been an important client for some time now. We are pleased they have decided to bring on these additional stores. As a member of the LML group of companies, we will continue our high level of service, but are also in a position to deliver additional service options including: Electronic Check Representment and LML's patented Electronic Check Conversion services. Checks are used more than any other payment system across the country, but nowhere is this consumer preference more evident than in the supermarket industry where checks are used 40% of the time," said Larry Oeding, President of CHECK CENTER. "We've had a long and close relationship with CHECK CENTER. As partners, our program of loss prevention and collection continues to reduce Dillons Stores losses significantly," said Bill Griggs, a Dillons spokesperson. "Dillons is looking forward to bringing these new stores on line and we are very excited to have access to the new electronic services CHECK CENTER can now provide." LML Payment Systems owns US Patent No. 5,484,988 with regard to a "Checkwriting Point of Sale System." This patented technology allows the electronic authorization, capture and settlement of traditional paper check transactions, and provides significant benefits to businesses and consumers. SOURCE LML Payment Systems, Inc. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Patrick Gaines, President, 604-689-4440, or Investor Relations, 800-888-2260, both of LML Payment Systems Inc. (LMLP) GEOGRAPHY: British Columbia Kansas Missouri Oklahoma Arkansas INDUSTRY CODE: TLS FIN SUBJECT CODE: LIC OTC * end of story *