PIPELINE DATA REPORTS FIRST PROFIT IN ITS SEVEN-YEAR HISTORY.(Pipeline Data Inc)(Brief Article)

Pop the cork on a bottle of Dom Perignon to celebrate because Pipeline Data Inc. has recorded the first-ever profit in its seven-year history. The Braintree, MA, card processor Monday reported a second-quarter net profit of $165,078 compared with a net loss of $151,073 for the same three-month period last year. Second-quarter sales were approximately $4.1 million, up 63% compared with $2.5 million in 2003's second quarter. Lane P. Gordon, Pipeline's director of investor relations, says, however, investors should not expect profits for next several quarters because of company's strategy." We believe the best investment is …