LOS ANGELES, CA--(Marketwired - May 16, 2014) - MediSwipe, Inc. (www.MediSwipe.com) (MWIP), a fully reporting company on the (OTCQB: MWIP), a leader in the Compassionate Care Industry which provides technology and business solutions, today announced that the Company timely filed its quarterly report for the period ending March 31, 2014. The Company today additionally announced an online CEO interview with B. Michael Friedman, CEO of MediSwipe Inc. discussing future revenue opportunities and business operations with several institutional investors.
MediSwipe reported assets in excess of $1.9 million, including cash of $422,000, $1.2 million in notes receivable from the Company's financing partner and $126,000 of land, representing the 80 acres the Company purchased in Pueblo, Colorado.
B. Michael Friedman, CEO, stated "Although our revenues were only $19,520 for the quarter, we have focused the last several months on accumulating assets, clearing bad debt and building infrastructure for the future of this Company. I believe the Company has now firmly positioned itself for multiple revenue opportunities through our divisions with the acquisition of our agricultural land and greenhouse facilities to be completed in Colorado and Florida, our new distribution and sales channels under development with the Mont Blunt™ e-cig and vaporizer line and the recently announced approvals by our national banking partners to provide merchant processing services and bank accounts to dispensaries and canna-businesses nationally."
The full CEO interview sponsored by Stock Gurus along with the Quarterly Report may be seen and heard at the following link at the Company's corporate website www.MediSwipe.com http://ir.stockpr.com/mediswipe/overview
About MediSwipe, Inc.
MediSwipe, Inc. (www.MediSwipe.com), the first fully reporting Company and pioneer within the medicinal marijuana space provides innovative patient and agricultural solutions, is a leader in Compassionate Care Technology for the medicinal marijuana industry. MediSwipe provides real estate management and health and wellness product lines including beverages, vaporizers and accessories. MediSwipe 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.
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.