MediSwipe Inc. Files 10Q Financials for Second Quarter 2011 and Announces Additional Merchant Agreements for Wellness Centers...
August 22 2011 - 9:57AM
MediSwipe Inc. (www.MediSwipe.com) (OTCBB:MWIP), and its wholly
owned subsidiary 800 Commerce www.800commerce.com, a leading
company specializing in merchant payment solutions and financial
products for the medical health care industries and mobile payment
industry, today announced that the company has filed its 10Q
financials for the second quarter 2011, and signed new
merchant services agreements the first week of August for wellness
centers and Internet businesses exceeding one million dollars in
annual gross processing volume. Under the newly signed agreements,
MediSwipe will provide merchant services, cash advance, debit and
loyalty cards and personal digitized healthcare records to wellness
centers and medical dispensaries located in Colorado and California
as well as provide merchant services to e-commerce and additional
high risk merchants. The Company has also expanded merchant
agreements this month to the 800 Commerce division covering
non-medical related merchant agreements including e-commerce sites,
penny auction sites, credit repair.
"We have spent the last two quarters cleaning up our balance
sheet, dissolving consulting agreements by prior management and
retiring over 10% of our outstanding common stock. Further effort
was placed on completing the research and development of our closed
loop MediSwipe cards, completing our name change, the transition of
new management and solidifying our banking relationships. We have
also cemented important strategic alliances with MMR Global and
www.mymedicalrecords.com to provide personal health records to
thousands of our patients at low cost monthly fees, and
www.800.com, which will provide toll free numbers, efaxes and
voicemail along with our merchant processing services for both
online and bricks and mortar businesses. We have already surpassed
revenues for last quarter this month, and we urge our shareholders
and new investors to continue to mark our progress as our portfolio
of clients and pipeline of revenue grows dramatically over the
short term," stated B. Michael Friedman, CEO of MediSwipe
Inc.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) offers a full spectrum
of secure and reliable transaction processing and security
solutions for the medical and healthcare industries, using
traditional, Internet Point-of-Sale (POS), e-commerce and mobile
(wireless) payment solutions. The Company now also offers digitized
personal health records in conjunction with Industry Alliance
Partners. MediSwipe offers reliable merchant payment solutions and
closed loop pre-paid stored value and loyalty cards as a unique
cash alternative to these regulated and e-commerce businesses
specializing within the healthcare sector.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of MediSwipe Inc. to be
materially different from the statements made herein.
CONTACT: MediSwipe Inc.
Investor Relations:
305-396-9097
info@MediSwipe.com
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