SPS Reports Record 1st Quarter Revenue

Secure Payment Systems Announces Record Growth

SPS Reports Record 1st Quarter Revenue

Secure Payment Systems, one of the nation's leading payment service processors, is pleased to report that they have achieved record revenues by recording a 28% gain in the first quarter of calendar 2006. SPS directly provides a broad range of financial services including but not limited to POS-based check authorization, guarantee, and electronic conversion services, gift & loyalty transaction processing, ACH transaction processing, WEB-based recurring payment software, and “cashless” payroll check cashing via SPS's proprietary “enCASH” ATM debit card.

These record revenues continue to allow the company to fuel systems enhancements, growth of support infrastructure, and new product development aimed at third party POS systems integrations, enhancements to existing service offerings, and international initiatives.

"These record revenues continue to reaffirm the content of our growth strategies", commented Lin Fellerman, President and CEO. "The merchant acquiring industry is recognizing a new reliance on value added services. Our broad variety of product and service initiatives complemented by outstanding service and support levels, continue to bring us high quality customers and sales agents at unprecedented rates.”