Revenue Declines at EB2B

EB2B Commerce Inc. — a provider of business-to-business transaction management services for retailers, distributors and suppliers — posted revenue from continuing operations of $3.49 million for 2002, a decrease of $840,000 compared with 2001.

Revenue from its core transaction processing business rose 4 percent to $2.57 million. The increase was offset by a drop in revenue derived from non-core business lines including off-site professional services consulting along with previously eliminated business lines.

The net loss last year from continuing operations totaled $7.98 million, an improvement from the net loss from continuing operations of $72.65 million in 2001.

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