Pay-Fone Systems Posts $7,270 Loss

Pay-Fone Systems Inc., a Van Nuys-based payroll service company that does business as Precision Payroll, posted a $7,270 loss for its fiscal first quarter, contrasted with a $45,000 profit a year earlier.

The loss in the three months that ended Sept. 30 came on operating revenue of $1.1 million, about the same as last year’s fiscal first quarter.