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Points International Ltd. Reports Second Quarter 2012 Financial Results

Stocks in this article: PCOM

Record Revenue of $36.3 million, up 11% year-over-year

Record Gross Margin of $7.1 million, up 15% year-over-year

EBITDA of $2.1 million, up 53% year-over-year

EPS of $0.09 per diluted share, up approximately 200% year-over-year

Reiterate 2012 guidance; anticipates 15-20% organic revenue growth over 2011

TORONTO, Aug. 8, 2012 (GLOBE NEWSWIRE) -- Points International Ltd. (TSX:PTS) (Nasdaq:PCOM), owner of the loyalty reward management program platform , today announced results for the second quarter ended June 30, 2012.

"We are pleased with our second quarter, which saw improved performance across all key financial metrics.  Revenues, gross margin dollars, EBITDA, and net income are all up sequentially and year over year," said Points Chief Executive Officer Rob MacLean. "Points delivered record revenues and gross margins, and at the same time, saw increased profitability as demonstrated by our improvement in EBITDA and EPS, which increased 53% and 200% year-over-year, respectively.  Contributing to our financial performance is the addition of new partners and products to our platform over the past twelve months as well as the continued growth of our deployed products." 

Mr. MacLean continued, "Looking to the back half of the year, we anticipate continued acceleration in our financial performance led by strong organic growth in our core loyalty currency services business. In addition to driving strong organic growth, we are working diligently to execute against our robust pipeline of new business. Both the value and visibility of our new business pipeline has increased in the past 90 days with several relationships in advanced stages of development.  As a result, we expect meaningful new business launches in the back-half of the year. We look forward to being able to share our successes over the coming quarters and remain confident that we will continue to deliver solid progress for our shareholders."

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