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Revenues Double, End-Users Nearly Triple Versus Prior Year

ONLINE RESOURCES
Condensed Balance Sheets

  March 31,
2000
(Unaudited)
December 31,
1999
Current Assets:    
Cash and cash equivalents $ 2,828,958 $ 1,588,187
Investment in available for sale 14,352,662 19,905,929
Accounts receivable, net 1,984,545 1,875,707
Prepaid expenses and other 865,626 946,207
Total current assets 20,031,791 24,316,030
Property and equipment, net 4,949,142 4,616,672
Other assets 259,744 284,473
Total assets $ 25,240,677 $ 29,217,175
Current Liabilities:    
Accounts payable, accrued liabilities and other $ 2,045,856 $ 2,293,659
Deferred revenues 374,116 417,926
Current portion of long term 535,564 709,076
Total current liabilities 2,955,536 3,420,661
Long-term obligations - less current portion 329,160 329,480
Stockholders equity 21,955,981 25,467,034
Total liabilities and stockholders' equity $ 25,240,677 $ 29,217,175

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Online Resources Contact: Robert Griendling,
703/978-4686,
bob@griendling.com