SOURCE: Commerce Online Inc.

January 27, 2010 11:35 ET

Commerce Online Inc. Announces Move From Pink Sheets to OTC Bulletin Board Exchange

Company Further Expands Reach in Northern California With New Medical Dispensary Merchant Services Contracts

WEST PALM BEACH, FL--(Marketwire - January 27, 2010) - Commerce Online Inc. (OTCBB: CMIB) (, a leading company specializing in both brick-and-mortar and online merchant payment solutions, today announced that the Company has been listed on the NASDAQ Over the Counter Bulletin Board market for trading effective as of January 26th. The Company will continue to trade under the symbol CMIB.

"We are extremely pleased that we have moved up on the listing ladder to the OTC BB from the pink sheets," stated Kyle Gotshalk, CEO and President of Commerce Online. "Although we maintained the highest listing level possible for our company on the pink sheets, it was important to have taken the next step to increase the Company's exposure to both investors and market makers, as well as provide a high level of liquidity for both shareholders and institutions bringing an added credibility to our common stock," continued Mr. Gotshalk.

"This move to the OTC BB is a testament to the team effort here at Commerce Online, that we are committed to the future success of this Company for all stockholders and our employees. This further level of transparency to institutions and the investing public will only increase our visibility within our industry as a leading niche payment solutions company focusing within the medical sector," stated Company founder, Michael Friedman.

About Commerce Online Inc.

Commerce Online Inc. ( is positioned to become a market leader in both online and wireless merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company's Alliances provide electronic payment processing suite of services enabling merchants to accept all major credit and debit cards, as well as ATM cards and ACH check drafts for payment. As an industry leader, Commerce Online is dedicated to delivering comprehensive services, such as merchant account activation, gateway connections, Web development and social network engines to a worldwide client base.

The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, through its Collective Card Services Division, Commerce Online offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. Commerce Online will seek to capitalize on this presently untapped and much needed solution, and presently provides services to multiple locations throughout California, with new clients seeking merchant services in New Mexico, Denver and Montana.


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

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