Stamps.com’s personalised postage could be canceled
Stamps.com has said that it was in ‘active discussions’ with the U.S. Postal Service, which could lead to suspension of its nearly seven-week-old test of sales of personalized postage stamps.
The company also canceled a publicized appearance Thursday at a technology investors’ conference in San Francisco.
Shares of Los Angeles-based Stamps.com fell almost 13 percent in midday trading.
A statement from the company said Chief Executive Ken McBride was unable to attend the conference, although a public relations person Thursday said she would try to make him available for a midday interview with CBS MarketWatch.
A week ago, Stamps.com announced that it would make a presentation at the ThinkEquity Partners’ Growth Conference in San Francisco Thursday and make executives available for one-on-one investor meetings.
A company representative said Stamps.com has been in talks with the Postal Service since the test of PhotoStamps began.
Stamps.com has restricted the selection of photographs it accepts for its PhotoStamps. Last week, it prohibited pictures of famous and infamous people, and this week it began refusing to accept photos of anyone who appears to be over the age of 12. Animals, business logos and landscapes are still acceptable.
