LOS ANGELES, CA--(Marketwired - April 16, 2014) - MediSwipe, Inc. (www.MediSwipe.com) (OTCQB: MWIP), a fully reporting company on the OTCQB, a leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana sector and 800 Commerce, Inc. today announced that 800 Commerce has filed its' Annual Report on Form 10-K for the year ended December 31, 2013 with the Securities and Exchange Commission ("SEC"). A copy of the Annual Report on Form 10-K is available to be viewed or downloaded from www.sec.gov.
800 Commerce's Registration statement on Form S-1 was declared effective by the SEC on August 9, 2013. Spartan Securities Group, LTD ("Spartan") on behalf of 800 Commerce filed Form 211 with the Financial Industry Regulatory Authority ("FINRA") in September 2013. On April 16, 2014, Spartan replied to FINRA's latest comment letter regarding the approval of the Form 211 application. Upon approval from FINRA and the Depository Trust Co. ("DTC") the 800 Commerce shares will be listed as a fully reporting Company on the OTCQX. The Company expects the Application to be approved in the near future, and the stock of 800 Commerce previously owned by MediSwipe, distributed on September 4, 2013 to the shareholders of record of MediSwipe as of September 3, 2013, to have a trading symbol in the near future.
B. Michael Friedman, MediSwipe's CEO and President of 800 Commerce, stated, "Completing the process of having 800 Commerce becoming a fully reporting Company with a trading symbol is paramount to MediSwipe and 800 Commerce, and demonstrates our commitment to the shareholders of both Companies. We are near completion of our goal of enabling 800 Commerce to fully separate their merchant processing and mobile platform assets from MediSwipe's core business within the medicinal marijuana sector. We were pleased to be able to offer MediSwipe shareholders of record a stock dividend; and are also pleased to spin off 800 Commerce as a fully reporting Company under the same reporting status as MediSwipe instead of a Pink Sheet Company."
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 seeks to be the 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.
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