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LML Regains Compliance With NASDAQ Listing Rule

January 19, 2010 (FinancialWire) — LML Payment Systems Inc. (NASDAQ: LMLP) received written notification from the NASDAQ Stock Market LLC (NASDAQ) on January 11, 2010 advising it has regained compliance with NASDAQ Marketplace Rule 5550(a) (2) (the “Minimum Bid Price Rule) which requires listed companies to maintain a minimum bid price of $1.00 per share.

The letter stated that the Corp.’s common stock had closed above the $1.00 minimum bid price for 10 consecutive trading days. Therefore, the Corp. had regained compliance and NASDAQ advised that the matter is now closed.

LML Payment Systems Inc., through its subsidiaries Beanstream Internet Commerce Inc. in Canada and LML Payment Systems Corp. in the U.S., is a provider of financial payment processing solutions for e-commerce and traditional businesses.

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