Ernest Wong

RDM Corp. Is A Rapidly Growing, Discounted Microcap

Business Overview

RDM (OTC:RDMKF) is a Waterloo-based company that produces software for the payment processing markets. RDM's key product offering is its ITMS platform (Image and Transaction Management System), which electronically processes and routes checks (the kind you write for payment). ITMS allows you to take a picture of the check and transmit the information electronically to the bank. ITMS is sold to banks who resell the ITMS to their clients (i.e. those who receive checks) as their e-check solution. This channel represents 90 to 95% of company's sales. RDM also has a hardware segment that manufactures check-scanners used for point-of-sale. These scanners target a different customers from the processing business and is deemed by management to

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