MediSwipe Inc. and Subsidiary 800 Commerce Announce Proposed Plans for Spin-Off and Dividend to Shareholders
September 15 2011 - 8:00AM
MediSwipe Inc. (http://www.MediSwipe.com) (OTCBB:MWIP), a merchant
payment solutions and financial products company for the medical
health care industry and its wholly owned subsidiary 800 Commerce
Inc. (www.800Commerce.com), a leading enabler and turnkey
e-commerce solution provider including mobile payment solutions,
today announced that the company expects to file its S-1
registration statement for the proposed spin-off of its subsidiary
800 Commerce by September 30, 2011. Each shareholder of MediSwipe
will receive a pro rata share or dividend of 800 Commerce Inc. upon
the effective S-1 filing and dividend date to be set by FINRA
within the near future.
"With the goal in mind of continually increasing shareholder
value, we believe the 800 Commerce brand and business model is a
company that can stand alone, and can become a recognized brand for
small business and e-commerce solutions providing merchant
processing, social media applications and mobile payment solutions.
800 Commerce will provide only those shareholders of MediSwipe of
record date, to take part in the continued growth and success
of MediSwipe as we move forward on the health care financial
solutions side, and at the same time, receive a dividend and pro
rata share in 800 Commerce as a second trading opportunity within
the e-commerce and social media space," 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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