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said today its Internet postage business "remains a viable emerging opportunity" and that the company remains in "a strong position" to grow and achieve profitability.

The Santa Monica, Calif., company's statement came a day after its rival


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announced plans to phase out its Internet postage product line.

Shares of were recently trading lower by 3.3%, or 9 cents, to $2.81 on the


. E-Stamp fell 3 cents, or 7.7%, to 38 cents.