WESTON, Fla., Sept. 1, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTCBB:PYDS), Diamond Offshore Drilling (NYSE:DO), Cardima Inc. (Nasdaq:CRDM) and FuelCell Energy Inc. (Nasdaq:FCEL).
Aggressive investors and traders need to watch Payment Data Systems, Inc. (OTCBB:PYDS) this morning! Yesterday after the markets closed, the company issued a press release announcing that its subsidiary, Bills.com, is now providing a feature-rich version of its consumer online bill presentment and payment services at www.bills.com!
This is great news for investors! "Security, convenience and broad functionality are extremely important components necessary to win consumers to electronic bill paying," said Mr. Ken Keller, general manager of Bills.com. "As we have more than doubled our subscriber base over the past year, we believe our new offering is highly competitive and offers consumers considerable value and savings. We are committed to providing a fast, reliable and low cost alternative in the face of ever increasing postal rates."
Bills.com revenues are continuing to grow at double-digit rates. We believe this growth is in part due to highly competitive product offerings as well as considerable value and ease-of-use for consumers.
Investors need to watch this company! The enhanced service provides consumers the ability to pay anyone with an e-mail address, transfer money between multiple checking and savings accounts, view and pay additional eBills, and receive eBill summaries in their e-mail inbox.
The stock closed yesterday at twenty-one cents a share.
About the companies involved: Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).
Bills.com was founded in 1999 and is a wholly owned subsidiary of Payment Data Systems, Inc. Bills.com provides an easy, secure and convenient online bill presentment and payment service that enables consumers to view, pay, and manage their bills via the Internet.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Diamond Offshore Drilling (NYSE:DO) up 3% on 1.3 million shares traded, Cardima Inc. (Nasdaq:CRDM) up 32.3% on 2.1 million shares traded and FuelCell Energy Inc. (Nasdaq:FCEL) up 8.2% on 3.2 million shares traded.
Commentary:
"U.S. consumer confidence sank in August while Chicago-area business activity slowed, according to reports on Tuesday, that added to worries the economy's patch of sluggish growth may last beyond the summer. A four-month slowdown in hiring and record oil prices took a bite out of confidence, with the Conference Board's monthly index falling more than 7 points in August to 98.2 from a revised 105.7 in July. The reading was well below economists forecasts of a smaller slip to 103.5," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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