LOS ANGELES, CA--(Marketwire - January 11, 2013) - MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), a patient security solutions and financial products company for the health care industry, today announced that it has provided over $500,000 in elective medical consumer financing for the month of December 2012.
"We believe this new vertical market will continue to become an important revenue stream for our company as it utilizes our unique and long time banking relationships. MediSwipe has the opportunity to become the 'LendingTree' for the elective surgery industry as our network can for the most part handle and get anyone approved for plastic surgery, dental work, Lasik, and numerous other procedures with less than perfect credit. In fact, we have an 80% approval rate or better from more traditional lending sources," stated B. Michael Friedman, CEO of MediSwipe Inc.
"We have also received our first orders for our digital patient smart cards, which should begin to hit the market as early as March. First in the U.S., these patient smart cards will allow patients to upload their health records via a flash drive and carry their information with them in their wallet. Information may be accessed through our cloud-based storage and encrypted system anywhere in the world. We are extremely excited to be receiving real interest from not only our dispensary clients, but our medical practitioner client base as well. By leveraging our proven banking network to solve patients' financing needs, as well as providing innovative solutions for patients with our new digital records smart card application, we believe we are a turnkey solution from patients to payments within the healthcare sector," further stated Friedman.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides a terminal-based service packages and an integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, Check Guarantee and Accounts Receivable Financing.
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.