Online Resources Provides 2004 Guidance

The following statements are forward-looking, and actual results may differ materially. This guidance assumes no change in the method of accounting for equity compensation. Business Outlook for 2004 - The Company expects revenue between $42.0 million and $44.0 million. This represents a midpoint growth of 13 percent over expected 2003 revenue, or 20 percent growth after adjusting for a one-time $2.2 million termination fee received in the first quarter of 2003. - Gross profit margin is expected to be between 57 and 59 percent. This compares to the midpoint gross profit margin of 58.5 percent expected in 2003, or 56 percent after adjusting for the one-time fee. - Earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to be between $7.3 million and $8.0 million. This compares to the midpoint EBITDA expectation of $7.2 million for 2003, or $5.0 million after adjusting for the one-time fee. - Net income is expected between $0.18 and $0.22 per share based on a projected 20 million weighted average fully diluted shares outstanding. This compares to the midpoint of $0.16 per share expected for 2003, or $0.02 per share after adjusting for the one-time fee. The Company also reconfirmed its fourth quarter 2003 guidance. It added that it expects first quarter 2004 revenue to grow 2 percent sequentially with breakeven net income. Thereafter, with the effect of First Virginias acquisition behind it, the Company expects to resume more typical quarterly sequential growth in revenue and earnings.