The Israeli firm On Track Innovations reported that revenues for the second quarter were $5.0 million, compared to $4.7 million for the prior quarter, and $5.5 million for the second quarter of 2002. Gross profit for the second quarter was $2.9 million up from $2.4 million in the prior quarter and $2.3 million in the second quarter last year. However, for first half of 2003 gross profit was up 24% to $5.3 million, and operating losses declined 46% to $1.1 million. OTI says that during the first half of 2003, OTI made strong progress in petroleum payment management, mass transit, ID security/access control, and micro-payments. During the second quarter, the Company announced that ABSA, the largest commercial bank in South Africa, with the largest fuel card customer base in the country, has joined OTI’s “FuelMaster Express” program that is geared towards private motorists. OTI is also providing integrated point-of-sale solutions to Loews Cineplex as part of MasterCard’s “PayPass” trial in Orlando, Florida. For complete details on OTI’s second quarter performance visit CardData ([www.carddata.com]).