MA-based Pipeline Data posted its first-ever net profit during the second quarter. Second quarter revenues were $4.0 million a 42% increase over the prior quarter, and a 63% increase over the second quarter of 2003. Net profit for the quarter was $165,078. During the second quarter Pipeline announced plans to expand its Northern Merchant Services call center in St. Lawrence County, NY. The Company also hired Debbie Hoch, formerly with Mellon Bank and Concord EFS, as VP of East Coast Sales for Pipeline’s wholesale merchant processing division. Pipeline says it plans to reinvest its profits towards the growth of Pipeline Data Processing, its wholesale division. Therefore,investors should expect a close to break even cash flow status with considerable top line revenue increases going forward. Pipeline Data currently serves over 10,000 merchant customers. For complete details on Pipeline’s latest performance visit CardData ([www.carddata.com]).