AGTK Agritek Holdings Inc (CE)

MediSwipe Inc. (www.MediSwipe.com) (OTCBB:MWIP.OB), 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 is in the final stages of preparation to file its S-1 registration statement on behalf of its subsidiary 800 Commerce. The company has also sought the assistance of an independent auditing firm to consolidate the 2010 financials of the 800 Commerce division and review the financial statements of the proposed VestiDigital acquisition.

"Although we at first set a very aggressive time frame for the filing of the S-1 registration, we are pleased that we are now in the final stages of the process. Whatever time has been lost on the front end due to legal and financial audit review of the documents, it is our belief that the completed document we submit will save us time in the long run during the approval process. We have also enlisted the help of our transfer agent and their investment banking arm to file the additional Form 15C211 at the same time of the registration statement. This will allow 800 Commerce to receive trading approval and an additional ticker symbol during the comment and effective waiting process. Once filed, each shareholder of MediSwipe will receive a pro rata share or dividend of 800 Commerce Inc., based upon the percentage of ownership within the parent company MediSwipe. Thus, to receive the dividend share all shareholders of record must own the parent company by the record date to be set by FINRA to be announced upon filing in the near future," stated Michael Friedman, CEO of MediSwipe Inc.

"We are also pleased to announce the first infusion of capital by an institutional investor of the first seventy-five thousand dollars to expand the growth of our operations. We have leased an additional 2,000 square feet of office space for 800 commerce in preparation of the spin off which will include a call center, social media and e-commerce staff and additional management. We have already produced results from our partnership with SparkBase as the first clients for our commerce cards and mobile payment system are already in production. We look forward to the completion of this registration process and moving toward a rewarding year for our loyal shareholders," added Friedman. 

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:
         615.252.4099
         info@MediSwipe.com