Payment Services Interactive Gateway Corp. announces audited results for the year ending December 31, 2006



    MISSISSAUGA, ON, April 5 /CNW/ - Payment Services Interactive Gateway
Corp. ("PSiGate") (TSX Venture Exchange: PSG) today reported its audited
consolidated financial statements for the year ending December 31, 2006.

    
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                                 Highlights
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    -  Working Capital up 194% to $1,204,929
    -  Revenue up 33% to $4,241,873
    -  Long Term Debt eliminated
    -  EBITDA up 58% to $1,082,519 ($.12 cents per share)
    -  Net Income up 106% to $815,879 ($.092 cents per share)
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    Anthony Palumbo, President & CEO commented: "We are pleased with this
year's accomplishments and strong revenue and profit performance. Fourth
quarter sales continued their annual trend and were up 36% over corresponding
2005 sales. During 2006, our balance sheet was significantly strengthened with
the elimination of our long-term debt. Operationally, we have improved service
to Merchants by funding weekly instead of semi-monthly and by launching our
new gateway transaction engine. We have also entered into new and profitable
strategic relationships that will add to our expanding Merchant base. Further,
we have commenced development to provide Merchants with the ability to accept
Interac Online and expect to roll out this offering later this year. Looking
forwards, I am optimistic about our ability to continue our growth trend and
deliver strong revenue and profit performance".
    The Audited Financial Statements and Management Discussion and Analysis
are available at www.sedar.com

    About PSiGate
    PSiGate (www.psigate.com) empowers businesses on the Internet by
providing secure, cost-effective and trusted e-commerce solutions. PSiGate
provides an easy and seamless interface to new or existing online storefronts,
offering a reliable means of both real-time and batch payment collection and
financial transaction processing. PSiGate provides Internet Merchant Accounts
(Merchant IDs) for North American based businesses. As at the date of this
press release, the Company has 10,542,469 common shares outstanding.

    This document may contain forward-looking statements, relating to the
Company's operations or to the environment in which it operates, which are
based on PSiGate's operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond PSiGate's
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
These factors include those set forth in other public filings. Consequently,
readers should not place any undue reliance on such forward-looking
statements. PSiGate disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: on Payment Services Interactive Gateway Corp.
please contact Anthony Palumbo at (905) 567-4000 ext. 241

Organization Profile

PAYMENT SERVICES INTERACTIVE GATEWAY CORP.

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PSIGATE

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