Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Electronic Clearing House Inc -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (614)	1/25/1999 9:27:00 AM
From: trend line	Read Replies (1) \| Respond to of 1038

ECHO earnings: Monday January 25, 9:02 am Eastern Time Company Press Release Electronic Clearing House Boasts Net Income Increase of 316 Percent for First Quarter Fiscal 1999 Highlights: Net Income Increased 316 Percent; Revenue Increased 29.8 Percent AGOURA HILLS, Calif.--(BUSINESS WIRE)--Jan. 25, 1999-- Electronic Clearing House Inc. (Nasdaq:ECHO - news) reported fiscal 1999 first quarter net earnings of $258,000, compared with net earnings of $62,000 for the same period last year, a 316 percent increase, resulting in basic net earnings per share of $0.0163 and diluted net earnings per share of $0.0113, compared with $0.004 and $0.003 per share, respectively, for the same period last year. Revenues for the first quarter of fiscal 1999 totaled $5,469,000, a 29.8 percent increase over revenues of $4,212,000 for the same period last year. Electronic Clearing House provides credit card processing, check guarantee, inventory tracking services and various Internet services to more than 17,000 retail merchants and U-Haul dealers across the nation. Through its subsidiary, Computer Based Controls, ECHO designs, develops and manufactures software and point-of-sale hardware that is utilized as credit card processing terminals, automated money order dispensers, utility bill payment systems, and inventory tracking devices.