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Chantilly, Virginia - (Cheap Web Hosting Directory) - May 11, 2007 - E-commerce web-based financial company, Online Resources, has reported year-over-year revenue increases, at it releases its frst quarter 2007 results, ending March 31, 2007.

The following results include the impact of the acquisition of Princeton eCom on July 3, 2006, and reflect the introduction in 2007 of related acquisition financing costs, not included in 2006.

• Revenue for the first quarter of 2007 was $30.8 million, up 85 percent from $16.7 million in first quarter 2006.
• Earnings before interest, taxes, depreciation and amortization (Ebitda), a non-GAAP measure, was $6.4 million, an increase of 104 percent compared to $3.1 million in the prior year.
• Net loss available to common stockholders was $9.5 million, or a $0.36 loss per diluted share, including approximately $0.41 per diluted share in acquisition related costs. This compares to net income of $0.8 million, or $0.03 per diluted share, in 2006.
• Core net loss, a non-GAAP measure, was $0.2 million, or $0.01 per diluted share, including approximately $0.16 per diluted share in acquisition financing costs. In first quarter of 2006, core net income was $1.5 million, or $0.06 per diluted share.

Matthew P. Lawlor, Chairman and Chief Executive Officer of the Company remarked, ”We posted strong year-over-year revenue and Ebitda growth this quarter, as the benefits of our Princeton eCom acquisition continue to accumulate. Top line growth was fueled by a healthy increase in payment transactions across the Company, and earnings metrics would also have been in the mid- to high-end of our guidance range if we had not incurred approximately $400,000 in higher than expected accounting costs.”

The Company reported seasonally high growth in its key payment operating metrics. On the bank and credit union side of its business, billpay transactions grew 8 percent sequentially. On the ecommerce side of its business, payment transactions grew 17 percent sequentially, for an average of 9 percent total payments growth across the Company. Additionally, unique users of the Company’s services grew 8 percent sequentially, driven largely by an increase in users of biller-direct payments.

Mr. Lawlor continued, ”This was a pivotal quarter in which we accomplished some key goals. First, we completed our debt refinancing, significantly lowering future cash interest expense. Second, we achieved the cost synergies we had targeted from the Princeton acquisition, and positioned ourselves for future revenue synergies by integrating a number of products across our market segments. After seeing typical margin declines in the first quarter due to front-loaded annual compensation and benefits costs, we expect to see margins rebound strongly in the second quarter.”

The Company provided guidance for the second quarter and confirmed its full year 2007 guidance. Guidance does not anticipate the release of any additional tax valuation allowance in 2007, though the Company may do so. These statements are forward-looking, and actual results may differ materially. The Company’s management conference call to discuss the results, will be available for playback from 8:00 pm ET through Tuesday, May 15th. For the conference call playback, dial (800) 642-1687 for domestic participants and (706) 645-9291 for international participants and enter code 2824874. For web cast replay, go to the ”Investors” section of www.orcc.com.

Founded in 1989, Online Resources powers web-based financial services for 2600 financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are branded to its clients, and augmented by marketing services to drive consumer and business end-user adoption. The Company serves over 9 million end-users and processes $100 billion in bill payments annually.

To learn more, please visit: www.orcc.com.

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