Press Releases, Online Resources

Online Resources Opens 2003 With Higher Than Expected Earnings

Year-Over-Year Revenue Growth Exceeds 25 Percent for 30th Consecutive Quarter

Statements of Operations
(Unaudited)
(In thousands, except per share data)

	THREE MONTHS ENDED MARCH 31,
	2003	2002
Revenues:
Banking Services	$ 1,308	$ 1,301
Payment Services	4,575	3,391
Consumer Contact Services	2,415	2,113
Professional Services and Other	2,712	1,022
Total Revenues	11,010	7,827
Expenses:
Cost of Revenues	3,850	3,934
Gross Profit	7,160	3,893
General and Administrative	2,312	1,706
Selling and Marketing	1,545	1,263
Systems and Development	891	1,201
Total Expenses	4,748	4,170
Income (Loss) from Operations	2,412	(277)
Other Income (Expense)	(289)	(338)
Debt Conversion Expense	-	(192)
Net Income (Loss)	$ 2,123	$ (807)
Net Income (Loss) Per Share:
Basic	$ 0.15	$ (0.06)
Diluted	$ 0.15	$ (0.06)
Shares used in calculation of Net Income (Loss) Per Share:
Basic	13,708	13,278
Diluted	14,290	13,278
Reconciliation of Net Income to EBITDA (See Note 1):
Net Income (Loss)	$ 2,123	$ (807)
Depreciation	753	563
Other Income (Expense)	289	338
Debt Conversion Expense	-	192
EBITDA	$ 3,165	$ 286

(1) EBITDA is commonly used in our industry as a measure of cash earnings. Investors may use EBITDA to gauge our ability to generate cash from operations and therefore, our ability to reinvest in the growth of our business.

Media Contact: Beth Halloran,
Director, Corporate Communications
703.394.5248
bhalloran@orcc.com

Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.394.5155
cgraham@orcc.com