Stamps.com

(STMP) - Get Report

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

E-Stamp

( ESTM)

announced plans to phase out its Internet postage product line.

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

Nasdaq

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