12:22 PM EST - Points International Ltd. : issued positive preliminary financial results for the fourth quarter and fiscal year ended December 31, 2009. Revenue for the fiscal year ended December 31, 2009 is expected to be about $80 million, which is at the upper end of the Company's prior guidance. Points expects to report positive EBITDA for both the fourth quarter and full year 2009 along with improved gross margins for the quarter. In addition, excluding Delta Airlines, the overall miles and Points transacted was up a strong 39% compared to the fourth quarter 2008, indicating the continued soundness of the Company's business. Points International Ltd.
shares T.PTS are trading up $0.02 at $0.44.
