La Jolla-based Gascard Club reported a $1.2...
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La Jolla-based Gascard Club reported a $1.2 million net loss for the first quarter ended June 30, compared with a $959,182 net loss for the comparable quarter during 1986. Total revenue fell 19% to $1.3 million, but processing fees, the company’s principal revenue stream, increased 49% to $619,000, according to President Thomas M. Cannon.
Gascard operates an electronic fuel payment and management system that is being marketed to commercial and government fleet operators.
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