Accounting Software 411 View Cart | Login / Register
Ei Dynamics Banner


FREE Accounting Software Search...
I am seeking software for ...

 

News Directory
All News
  Top News
  Mergers & Acquistions
  Product News
  AS411 News
Feature Articles
Events Calendar
 News Feeds

Ei Dynamics Block

  Find Software
  Find a Consultant
  Find Answers/Discuss
  List Your Company
  eNewsletter
  The Insider
  About Us
  Contact Us
  Feedback
   Advertise

Sponsor Message
Jonas Construction Buyer Guide Sky



Date Posted: 4/7/2004

X-Charge New Business at Record Levels

 
 
FOUNTAIN VALLEY, Calif., April 1 /PRNewswire-FirstCall/ -- CAM Commerce Solutions, Inc. (Nasdaq: CADA - News) announced today that both the number of new X-Charge payment processing applications received and the estimated dollar value of the new applications set new company records for a single month in March. The previous record set last month in February was 153 new processing applications representing approximately $48.5 million in annual processing. In March, the company received 208 applications for new processing accounts representing an estimated $74.7 million in annual processing volume. While not all applications will necessarily result in active payment processing accounts, the company anticipates the vast majority will.

The company also announced that 11 new X-Charge resellers brought their first customers live in March, putting the total number of resellers with at least one live customer account processing with X-Charge at 66. Of the 208 new applications for $74.7 million in estimated processing volume in March, resellers accounted for 97 of these customer applications for approximately $35 million in annual processing volume, up from 62 applications for $14.8 million in estimated processing in February.

"We experienced strong growth in our X-Charge business in March, driven by our reseller channel and sales of our Point of Sale systems," said Geoff Knapp, CEO of CAM Commerce Solutions. "While we don't expect month to month growth to be this strong every month, we do expect a continuation of the upward trend as new resellers integrate X-Charge into their own software packages and existing resellers ramp up their sales efforts of X-Charge payment processing services."

About CAM Commerce Solutions

CAM Commerce Solutions, Inc. provides total commerce solutions for traditional and web retailers that are based on the Company's open architecture software products for inventory management, point of sale, sales transaction processing, accounting, and payment processing. These solutions often include hardware, installation, training, service, and payment processing services provided by the Company. You can visit CAM Commerce Solutions at www.camcommerce.com.

Important Information

The statements made in this news release, including those relating to the expectations of profitability and economic climates, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Words such as "will," "should," "believe," "expect," "anticipate," "outlook," "forecast," "optimistic," "feel," "potential," "continue," "intends," "plans," "estimates," "may," "seeks," "would," "future," "bright," "projected", and other similar expressions that predict or indicate future events or trends, or that are not statements of historical matters, identify forward-looking statements. Expectations concerning financial results for future quarters are not actual results and are based upon preliminary estimates, as well as certain assumptions management believes to be reasonable at this time. Investors should not rely upon forward looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from our expectations, and the company expressly does not undertake any duty to update forward-looking statements which speak only as of the date of this news release. The performance of any one quarter may not be indicative of future performance, particularly given prevailing market and economic uncertainties. In addition to the factors set forth elsewhere in this release, the economic, competitive, technological, and other factors identified in CAM Commerce Solutions' filings with the Securities and Exchange Commission could affect the forward looking statements contained in this news release.




--------------------------------------------------------------------------------
Source: CAM Commerce Solutions, Inc.
 
 


Email Page

Sponsor Message
Jonas Construction Buyer Guide Sky


 

Company Info | Privacy Policy | Terms of Service | Advertise With Us | List Your Company | Contact Us | Help |
Copyright © 2006-20011 Accounting Software 411, LLC. All rights reserved.