SOURCE: 800 Commerce, Inc.

October 29, 2014 09:35 ET

800 Commerce Announces Update to Investors on Signing of Definitive Agreement for Battery On The Go Acquisition

Company Markets Products Branded "Xsorii," a Full Line of Mobile Battery Technology and Accessories; Merger of Complementary Mobile Technology Will Result in New Advisory Board to Provide International Sales and Manufacturing Contracts and Technical Expertise

LOS ANGELES, CA--(Marketwired - October 29, 2014) - 800 Commerce Inc. (PINKSHEETS: ETHG), a public Company within the merchant processing and mobile technology sector, today announced that the company expects to execute the Definitive agreement to acquire Battery On The Go, Inc. ("BOTG") this week. The Florida based, mobile lifestyle and accessory company, develops mobile battery technologies under the brand name "Xsorii." Upon closing of the acquisition, BOTG will become a wholly-owned subsidiary of 800 Commerce and 800 Commerce's Board of Directors will be expanded from two members to four members. New industry experienced management will be replacing and assuming the role of CEO, President and Executive Chairman of 800 Commerce.

The closing of the proposed acquisition of BOTG would be subject to normal conditions to close for this type of acquisition, including the availability of $500,000 of working capital and a multi-million dollar credit line. Anthony S. Thomas founded BOTG in 2012 and currently serves as President. Upon the successful completion of the acquisition, he will provide leadership to the executive team, and drive the expansion of the product portfolio into new mobile accessory markets.

"We are sincerely looking forward to completing this acquisition and becoming part of 800 Commerce. Both Companies share tremendous synergy between our technologies, products, and vision for the mobile technology and accessory market," stated Anthony S. Thomas, President of Battery On The Go. 

"This proposed acquisition will immediately provide meaningful revenue for our Company and enables both of our Companies to leverage the strength of our public market and financial resources. The Battery On The Go and Xsorii multi-channel distribution and carrier presence is an excellent fit to broaden our product development, grow our sales reach globally and significantly increase our opportunity to reward our new and existing shareholders," said B. Michael Friedman, CEO of 800 Commerce.

About 800 Commerce

800 Commerce, Inc. (www.800commerce.com) was founded for the purpose of marketing credit card processing services on behalf of merchant payment processing service providers. The Company generates revenue from the marketing of credit processing services by way of fees received from merchant payment processing service providers on whose behalf the Company brokers their processing services. In addition to marketing credit card processing services, the Company also has developed on-line portals and mobile applications offering directories of professional service providers.

About Battery On The Go

Battery On The Go, Inc. ("BOTG") (www.batteryonthego.com) launched in early 2012 on QVC. The Company focus is to deliver epic product designs using Eco-friendly materials paying close attention to detail and functionality, targeted for the female demographic. BOTG strives to stay ahead of the curve unveiling new exciting products every few months. Currently with over 100 SKUs that are based around the 3 Cs -- Chargers, Cases and Cables, BOTG currently sells in thousands of retailer's doors across 5 countries with a unique product line that is very well received.

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 800 Commerce, Inc. to be materially different from the statements made herein.

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