MediSwipe Inc. Completes Definitive Agreement With SweetMD Inc. for Acquisition of Online Healthcare Portal www.SweetMD.com
July 03 2012 - 8:00AM
MediSwipe Inc. (www.MediSwipe.com) (OTCBB:MWIP), a merchant
payment solutions and financial products company for the medical
health care industry, today announced that the Company has signed
and completed the definitive agreement to acquire certain
assets of SweetMD Inc., (www.SweetMD.com), a unique
telemedicine and online healthcare platform portal based in Las
Vegas, NV. MediSwipe currently expects the transaction to close by
July 30, 2012, after satisfaction of customary closing conditions.
The Company's Board of Directors has voted unanimously in favor of
the share exchange and definitive agreement to acquire all assets
of SweetMD, and has entered into a voting agreement with the
management of SweetMD in support of the transaction. Specific terms
of the transaction, which is subject to majority shareholder
approval and various other closing conditions, will be disclosed in
the MediSwipe SEC filings.
"I am very pleased to announce this acquisition of SweetMD.com
in light of the recent vote and Supreme Court's decision regarding
the future of healthcare for those Americans seeking viable and
affordable options. We believe that our strategic plan for
SweetMD.com as a model and aggregator of virtual healthcare
services, will allow easy access to healthcare options for millions
of Americans for which coverage is now mandated by our government,
at a low cost to individual patients and their families",
stated B. Michael Friedman, CEO of MediSwipe Inc.
"We truly believe that this online healthcare platform
represents the ideal and affordable model of healthcare for the
21st century. Our services include telehealth, allowing patients
the opportunity to speak to physicians via video online, discounts
on office visits and name brand prescriptions, as well as personal
health records for family members. This partnership will now allow
both SweetMD and MediSwipe to offer consumers a complete healthcare
solution utilizing our large network of providers and facilities at
an affordable price, that will generate meaningful revenues and
create long term value for our shareholders," stated Erick
Rodriguez, President 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.
About SweetMD.com
SweetMD (www.SweetMD.com) has developed a program to bring
affordable healthcare services to individuals, families and small
businesses. Our Membership is a great alternative to costly health
insurance for businesses, uninsured and insured individuals and
families and provides great savings at thousands of providers
nationwide. The unique portal provides telemedicine services, video
doctor patient calls, personal health records (PHRs) and discount
medical programs for the uninsured and on name prescription
drugs.
About 800 Commerce Inc.
800 Commerce (www.800Commerce.com) provides white label mobile
and payment solutions for business designed to drive return on
investment for high-volume clients and/or customized branded
advertisers. Our platform and tools are designed to enable large
brands or anyone with substantial reach to utilize the mobile
device as a new means to communicate. Communication might be in the
form of an advertisement or offer, coupon or reminder message in
voice or Short Message Service (SMS). Regardless of the form, our
platform can drive value and cost savings for companies large and
small and the ability to drive contextually relevant advertising
messages to the right audience.
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
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