Pipeline Data Inc. Voluntarily Files Form 15 to Suspend SEC Reporting Obligations

ALPHARETTA, Ga.--(Business Wire)--
Pipeline Data Inc. (OTCBB:PPDA ) today announced its Board of Directors
unanimously approved the voluntary termination of the registration of its common
stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. In
accordance with the resolutions adopted by its Board of Directors, Pipeline Data
Inc. will file a Certification and Notice of Termination of Registration on Form
15 with the Securities and Exchange Commission (SEC) to effect this termination.
The Company is eligible to deregister its common stock as it had fewer than 300
holders of record of its common stock at the beginning of its fiscal year.

Upon the filing of Form 15, the Company's obligation to file periodic and
current reports with the SEC, including Forms 10-K, 10-Q, and 8K, will be
immediately suspended. Pipeline Data expects that the deregistration of its
common stock will become effective 90 days after the date of filing of Form 15
with the SEC.

While no longer required by the SEC after deregistering, Pipeline Data plans to
continue to provide quarterly, annual and other information regarding the
Company's performance to its shareholders through its email database and
website. In addition, the Company anticipates that trading will continue in the
Company's common stock on the Pink Sheets.

In reaching its decision, the Board of Directors of Pipeline Data evaluated the
advantages and disadvantages of continuing to operate as a reporting company in
light of such factors as the costs and expenses of compliance with the
Sarbanes-Oxley Act of 2002, the ongoing burden associated with the preparation
and filing of periodic and current reports with the SEC and the substantial
diversion of management`s time and efforts from the tasks required to grow the
Company`s business and shareholder value. The Board of Directors also considered
the current turmoil in the public markets.

Randy McCoy, Chief Executive Officer of Pipeline Data said, "Our focus is on
shareholder value and corporate success. The current market conditions,
auditing, legal and other expenses required to maintain the SEC reporting
requirements, plus the time and attention required by management to focus on
public reporting instead of company growth combine to make it untenable to
continue to be a `reporting` company. Pipeline intends to continue to share
quarterly, annual and other Company information with our stakeholders."

About Pipeline Data

Pipeline Data Inc. provides value-added credit card transaction processing
services for merchants in three key areas: wireless mobile payment, e-commerce
solutions and retail merchant payment.

Forward-Looking Statements

The information provided for in this Press Release contains forward-looking
statements that involve risks and uncertainties more fully set forth in the
Company's filing. The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" for forward-looking statements. Certain information included in
this press release contains statements that are forward-looking, such as
statements relating to uncertainties that could affect performance and results
of the Company in the future and, accordingly, such performance and results may
materially differ from those expressed or implied in any forward-looking
statements made by or on behalf of the Company. These risks and uncertainties
include, but are not limited to those relating to the Company's growth strategy,
customer concentration, outstanding indebtedness, seasonality, expansion and
other activities of competitors, changes in federal or state laws and the
administration of such laws, protection of the securities markets and other
risks detailed in the Company's filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the statement was
made. Statements made in this Press Release that are not historical facts are
forward-looking statements that are subject to the "safe harbor" created by the
Private Securities Litigation Reform Act of 1995. The Company's actual results
could differ significantly from those discussed and/or implied herein.

Pipeline Data Inc.
Randy McCoy, CEO, 678-867-6010

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