LOS ANGELES, CA--(Marketwired - August 30, 2013) - MediSwipe Inc. (www.MediSwipe.com) (MWIP), the leader in Compassionate Care Technology Solutions for the medicinal marijuana industry and 800 Commerce Inc., an innovative online directory and mobile marketing company, today announced the companies have received approval from FINRA for the record date of September 3, 2013 for the issuance of the stock dividend and spin off of 800 Commerce Inc. The 800 Commerce common shares to be distributed to the MediSwipe shareholders on a pro rata basis are fully registered and will be free-trading shares when distributed.
The payment date will be September 4th 2013. The ex-date is the first business day after the payment date and is after the record date.
800 Commerce Inc. is now in the final stages of completing its 15C211 filings so that its common stock may be quoted on the OTC Bulletin Board. The dividend will not impact the number of shares outstanding for 800 Commerce nor any shareholder's holdings of MediSwipe shares.
Investors are encouraged to consult with their financial advisors regarding the specific consequences of selling MediSwipe common shares on or before the record date. Shareholders are urged to consult with their tax advisors as to the specific tax consequences of the distribution. No action is required for MediSwipe shareholders to receive their 800 Commerce common shares.
"It is quite ironic that on the final day to own MediSwipe before the record date, it is probably one of the best days in our corporate history with yesterday's historic Federal ruling regarding the change in the political stance on recreational use and state's rights in Colorado and Washington State. Our news earlier this morning regarding new agreements in Colorado in tandem with our approval from FINRA for 800 Commerce should send a clear message to our shareholders that we intend prove ourselves to be the legitimate, fully reporting entities within the small cap arena with complete transparency to investors as we continue to execute our separate and unique business strategies in both the medicinal and mobile payment sectors," stated B. Michael Friedman, for 800 Commerce Inc. and MediSwipe Inc.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides terminal-based service packages and 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.
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.
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