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Online Resources Posts Record Second Quarter Results

Condensed Balance Sheets
(in thousands)

  JUNE 30, 2001 DECEMBER 31, 2000
ASSETS
Current assets:
Cash and cash equivalents $ 1,010 $ 1,771
Investments 10,872 19,688
Accounts receivable, net 3,287 3,026
Deferred implementation costs 893 810
Prepaid expenses and other current assets 681 541
Total current assets 16,743 25,836
Property and equipment, net 6,790 6,525
Deferred implementation costs, less current portion 711 713
Debt issuance costs 1,332 1,750
Other assets 358 304
Total assets $ 25,934 $ 35,128
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable, accrued expenses and other current liabilities $ 2,685 $ 3,115
Deferred revenues 1,066 1,104
Current portion of capital lease obligation 182 279
Total current liabilities 3,933 4,498
Capital lease obligation, less current maturities 151 232
Deferred revenues, less current portion 842 1,193
Notes payable 16,500 20,000
Total liabilities 21,426 25,923
Stockholders' equity 4,508 9,205
Total liabilities and stockholders' equity $ 25,934 $ 35,128

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Media Contact: Dan Thomas
703.394.5124
dthomas@orcc.com
Investors Contact: Carl D. Blandino, CFO
703.394.5100
cblandino@orcc.com