LOS ANGELES, CA --(Marketwire - December 13, 2012) - MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP) (OTCBB: MWIP), a merchant payment solutions and financial security products company for the medical health care industry, announced today that 800 Commerce, Inc. has filed the first amendment to the Form S-1 on Friday, December 7, 2012 with the Securities and Exchange Commission. Upon approval of the Form S-1, 800 Commerce, Inc., will then complete the process for its shares to be listed on the OTCQB exchange. MediSwipe plans to spin-off the shares it owns in 800 Commerce to MediSwipe's shareholders on a date determined by the Board of Directors once the S-1 is deemed effective by the Securities And Exchange Commission.
"Completing the 800 Commerce S-1 Registration Statement demonstrates our commitment to add shareholder value and begin to commercialize our mobile technology assets."
B. Michael Friedman, MediSwipe's CEO, stated, "The Amended filing of the 800 Commerce S-1 Registration Statement demonstrates our commitment to add shareholder value and begin to commercialize our mobile technology assets. We are pleased to be able to offer MediSwipe shareholders of record a stock dividend in 800 Commerce, giving our investors the opportunity to participate in two distinct plays, the first within the exciting healthcare and medical marijuana sector through MediSwipe, and the second, within the mobile payments and marketing sector through 800 Commerce," further stated Friedman.
800 Commerce recently announced the launch of its' first telehealth portal www.My800Doctor.com, allowing patients the ability to make appointments online and actually speak to a personal physician through a telemedicine application for immediate needs for limited diagnoses and filling of prescriptions online. Members are also eligible for a discount drug program through partnerships with Humana, digital personal health records and low cost medical care for the uninsured. The site has also recently been approved by all mobile carriers including Verizon, AT&T, Nextel, Sprint and others for the newly enabled mobile platform to set and verify appointments with doctors of choice via smartphones.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) offers a full spectrum of secure and reliable transaction processing and security solutions for the medical and healthcare industries, using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) payment solutions. The Company now also offers digitized personal health records in conjunction with Industry Alliance Partners and e-commerce businesses specializing within the healthcare sector.
About 800 Commerce Inc.
800 Commerce (www.800Commerce.com) provides white label mobile and payment solutions for business designed to drive return on investment for high-volume clients and/or customized branded advertisers. Our platform and tools are designed to enable large brands or anyone with substantial reach to utilize the mobile device as a new means to communicate. Communication might be in the form of an advertisement or offer, coupon or reminder message in voice or Short Message Service (SMS). Regardless of the form, our platform can drive value and cost savings for companies large and small and the ability to drive contextually relevant advertising messages to the right audience.
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.