SOURCE: Commerce Online Inc.

August 03, 2009 09:00 ET

Commerce Online Announces Merchant Processing Agreement With Direct Technology Innovations

Company Listed in Top 25 for Merchant Processing Over One Billion Dollars

LOS ANGELES, CA--(Marketwire - August 3, 2009) - Commerce Online Inc. (PINKSHEETS: CMIB) today announced that it has signed a Merchant processing and ISO agreement with Direct Technology Innovations ("DTI") of Fort Lauderdale, Florida. Direct Technology Innovations (DTI) is an ISO/MSP for the First National Bank of Omaha, NE; JP Morgan Chase Bank, New York, NY; Fleet Bank, Providence, RI; Wells Fargo Bank, N.A., Walnut Creek, CA; and Best Payment Solutions.

Since 2001, DTI has specialized in providing superior Merchant Bank Card Services and is a recognized leader in the Bank Card Acquiring industry. Headquartered in Fort Lauderdale, Florida, DTI's client base includes several Fortune 500 branded outlets to diversified International customers, and even the local mom and pop neighborhood retailers. The company's unique Swipe N' Go® Program, Mobile Ticketing Solutions®, and Click to Go® Online Ordering established DTI as an industry Innovator in the small ticket transaction, online ordering, and mobile ticketing marketplace. These simple innovative solutions have allowed DTI to dominate the Quick Service Restaurant (QSR), and the Tours and Transportation industries.

"It was extremely important for Commerce Online to choose its long term partners wisely, and being confident that not only would they be around for years to come, but allow us to offer the most cutting edge products to our expanding merchant client base. Our partnership with DTI now allows us to approach any new client with a top shelf client list, offering premium service and competitive pricing for new merchants due to the total volume of transactions exceeding one billion dollars," stated Michael Friedman, for Commerce Online.

About Commerce Online Inc.

Commerce Online Inc. (www.commerceonlineinc.com) (PINKSHEETS: CMIB) 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 whether a retail, service, mail-order or Internet merchant. 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.

About Direct Technology Innovations

Founded in 2001, Direct Technology Innovations is nationally accredited with highly successful, secure merchant processing solutions. DTI's patented innovations include the Swipe N' Go® Program, Click to Go® Online Ordering Program, and HWeb Mobile Ticketing Solutions®. The company provides independent distributors a variety of credit card processing platforms which save time, streamline accounting operations, and increase revenues significantly.

Disclaimer:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the closing of the Letter of Intent. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the numerous inherent uncertainties associated with completing a reverse merger transaction; (ii) obtaining regulatory approval in a timely manner; and (iii) changes in general economic and business conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our future financial reports other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Commerce Online Inc.
    561.868.6880
    Email Contact
    Direct Technology Innovations
    Toll Free: 800-724-7000