LOS ANGELES, CA--(Marketwire - Oct 18, 2012) - MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), a merchant payment solutions and financial products company for the medical health care industry, today announced that 800 commerce (www.800commerce.com) has successfully filed its S-1 registration statement.
Upon obtaining an effective registration with the Securities and Exchange Commission, 800 Commerce Inc. will become its own fully-reporting public company. As part of the overall plan, a record date will be set for all MediSwipe shareholders upon proper notification by FINRA to the Company, at which time all shareholders of record will be eligible for the dividend share distribution of 800 Commerce from MediSwipe.
The complete filing with the SEC may be viewed here:
"The filing of the S-1 registration by 800 Commerce has been an extremely long road, and promise we needed to keep to our shareholders. Most importantly, we needed to ensure that both companies had meaningful business models, superior management and real strategy for success. It is my belief that over the next few months we will once again earn the respect of our shareholders by not only keeping our promises to them, but by becoming an important player in the mobile health and payments sector," stated B. Michael Friedman, CEO of MediSwipe Inc. and President of 800 Commerce.
A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. An offering of the common stock, if made, will be made only by means of prospectus/information statement. A copy of the S-1 is available on the website www.freeedgar.com. For further information, please contact the Company's investor relations.
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 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.
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.