SOURCE: Agritek Holdings, Inc.

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February 10, 2015 09:00 ET

Agritek Holdings, Inc. Announces New eWallet Solution Combining eCommerce With a Platform for Unbanked Merchants and Wellness Sectors Offering Alternative Solutions to "Cash Only" Payments

LOS ANGELES, CA--(Marketwired - February 10, 2015) - Agritek Holdings, Inc. (OTCQB: AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, announced today that the Company has executed a Revenue Participation Agreement with Genie Gateway, for the resale and use of a customized virtual wallet and ecommerce platform to provide cashless merchant and payment services to the healthcare, wellness and unbanked merchants nationally. 

All clients registered on the MediSwipe platform as merchants, agents or consumers will now be eligible to utilize the payment services as an alternative to "cash only" transactions through partnering with MediSwipe, a wholly owned subsidiary of Agritek Holdings. Businesses in licensed jurisdictions who take advantage of the MediSwipe payment gateway will additionally receive Genie Gateway's digital buffet of unified solutions -- combining the benefits of a subscriber website fully accessible from any internet enabled device, with voice, text, video, document messaging, virtual fax, group communications, including an online store, a shopping cart with a virtual point of sale, and a CashBox with a GenieChecking account through MediSwipe.

To learn more about the MediSwipe payment gateway please visit: https://geniecashbox.com/MediSwipe/

Merchants seeking to activate their account in real time and join the network by clicking on the following link: 
https://geniecashbox.com/signup/?gc=MediSwipeMerchant&reference_no=8556136965

Services provided by the MediSwipe payment gateway include:
1) Corporate and or Personal Virtual Checking Account
2) Online Check Writing
3) Account loading via the Internet
4) Coupons and email campaigns to clients and patients
5) Customer Identification and Peer-to-Peer payments in Real Time

MediSwipe is in the process of introducing approximately 300 wellness businesses based in Colorado and California for immediate use of the platform. Registered users of the platform will have immediate access to the above features. Each merchant will be charged a monthly fee for gateway access and minimal transaction fees. 

"As a fully reporting public Company in this sector, we originally offered banking services to the alternative health and wellness sector, and have always strived to be ahead of the financial curve on technology through our exclusive relationships within the banking sector. We believe this unique platform offering virtual payment services is the premier solution available to previous unbanked businesses and provides a meaningful alternative to cash only businesses," stated B. Michael Friedman, CEO of Agritek Holdings. 

For more information on joining the network and receiving all the benefits offered, you may call the Agritek holdings corporate offices today at 561.249.6511

About Agritek Holdings, Inc. 

Agritek Holdings, Inc. (www.Agritekholdings.com), a fully reporting Company and pioneer within the medicinal marijuana space provides innovative patient and agricultural solutions seeks to be the leader in Compassionate Care Technology for the medicinal marijuana industry. Agritek Holdings provides real estate management and health and wellness product lines including through its wholly owned subsidiary Agritek Holdings, Inc., does not directly grow, harvest, or distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future. 

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 Agritek Holdings, Inc. to be materially different from the statements made herein. 

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