News: Portfolio 2005

For Immediate Release

 

PA Early Stage Contact

Steve Barnes

610-254-4298

 

Media Contact:

Ron Ticho

610-360-0205 PA

 

Early Stage's Incurrent Solutions Acquired by Online Resources Corp.

Wayne, PA – January 26, 2005 – PA Early Stage announced that one of its portfolio companies, Incurrent Solutions, located in Parsippany, N.J. has been acquired by Online Resources Corp. (Nasdaq: ORCC). The purchase price consisted of $8 million in cash and 1 million shares of Online Resources common stock valued at $7.3 million on the December 22, 2004 closing date, for a total transaction price of $15.3 million.