LML Payment Systems, Inc. (LMLP) Q2 2012 Earnings Call August 13, 2012 4:30 PM ET Executives Patrick Gaines – CEO and Chairman Craig Thomson – President; and President and CEO, Beanstream Internet Commerce Inc. Richard Schulz – Controller and Chief Accounting Officer Analysts Greg Cole – Sidoti & Company PresentationOperator
Ladies and gentleman, welcome to the LML Payment Systems 2013 first quarter conference call. With us on the call today is Patrick Gaines, Chief Executive Officer; Craig Thomson, President; and Richard Schulz, Controller and Chief Accounting Officer of LML. Everyone should have access to the press release which went out this morning. If not, the release is available on the LML website at www.lmlpayment.com. Before we begin, we would like to remind everyone that the prepared remarks may contain forward-looking statements regarding future events and future performance of the Corporation and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance. Therefore, undue reliance should not be placed upon them. We refer all of you to the Corporation’s most recent form 10-K and Form 8-K filed with the Securities and Exchange Commission, as well as the Safe Harbor statement in today’s press release for more detailed discussion on the factors that could cause actual results to differ materially from those projected in any forward-looking statements. The Corporation assumes no obligation to revise any forward-looking projections that maybe made in today’s release or call. As a reminder, today’s call is being recorded, Monday, August 13, 2012. At this time, I would like to turn things over to Mr. Patrick Gaines. Please go ahead sir.
Shares of LML Payment Systems (Nasdaq:LMLP) have taken a tremendous swing upward. The stock is trading at $2.60 as of 9:42 a.m. ET, 20.9% above Monday's closing price of $2.15. Volume is at 48,693, 0.2 times the daily average of 309,100.