Online Resources Completes Acquisition of Integrated Data Systems and
Announces Date for Second Quarter 2005 Earnings
CHANTILLY, Va., June 29, 2005
Online Resources Corp. (Nasdaq: ORCC), a leading Internet financial services
provider, today announced that it has completed its acquisition of privately
held Integrated Data Systems (IDS). The acquisition provides Online Resources
with additional financial institution distribution and products, including
enterprise-wide account opening and lending, plus added web-based capabilities.
Online Resources will provide updated full year 2005 guidance with its
second quarter earnings results after the close of market on Wednesday,
July 20, 2005. Management will host a conference call to discuss the results
at 5:00 p.m. ET the same day.
The conference call dial-in number is (800) 938-1087 for domestic participants
and (706) 679-7266 for international participants. Alternatively, a live
web cast of the call will be available through the "Investors"
section of Online Resources' web site at www.orcc.com.
The call and web cast will be recorded and available for playback from
8:00 p.m. ET on July 20 until midnight on Wednesday, July 27. For the
conference call playback, dial (800) 642-1687 for domestic participants
and (706) 645-9291 for international participants and enter code 6977645.
For web cast replay, go to the “Investors” section of www.orcc.com.
About Online Resources
Online Resources powers Internet financial services for over 700 firms
nationwide. The Company’s proprietary account presentation, payment,
relationship management and professional services are branded to its client
banks, credit unions, card issuers and payment acquirers. The Company
serves over three million consumer end-users and processes over $10 billion
in payments annually. Founded in 1989, Online Resources (Nasdaq: ORCC,
Website: www.orcc.com) has been widely recognized as one of the nation’s
fastest growing technology firms.
This news release contains
statements about future events and expectations, which are "forward-looking
statements." Any statement in this release that is not a statement
of historical fact may be deemed to be a forward-looking statement. Such
forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the Company's actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
Specifically factors that might cause such a difference include, but are
not limited to the Company’s: history of losses; dependence on the
marketing efforts of third parties; potential fluctuations in operating
results; ability to make and successfully integrate acquisitions of new
businesses; potential need for additional capital; potential inability
to prevent systems failures and security breaches; potential inability
to expand services and related products in the event of substantial increases
in demand; competition; ability to attract and retain skilled personnel;
reliance on patents and other intellectual property; exposure to the early
stage of market adoption of the services it offers; exposure to the consolidation
of the banking and financial services industry; and additional risks and
uncertainties discussed in filings made by the Company with the Securities
and Exchange Commission, including those risks and uncertainties contained
under the heading "Risk Factors" in the Company's Form 10-K,
latest 10-Q, and S-3 as filed with the Securities and Exchange Commission.
These factors should be considered in evaluating the forward-looking statements,
and undue reliance should not be placed on such statements.
Media Contact: Beth Halloran,
Director, Corporate Communications
Online Resources Corporation
703.653.2248
bhalloran@orcc.com
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