LOS ANGELES, CA--(Marketwired - May 22, 2013) - MediSwipe Inc. (www.MediSwipe.com) (MWIP), a data management solutions company for the medicinal marijuana and health care industry, today announced that the company has received the first $100,000 of a total of $600,000 in funding from a Chicago based private equity fund as of Tuesday this week. The Company plans to use the infusion of capital to expand its marketing efforts for its cloud-based patient management system or "MediSwipe DMS" to medicinal dispensaries across 20 states and distribution of its' new Hemp based beverages "Chillo" and C+ Swiss Tea.
"We are extremely pleased to finally have the capital on our balance sheet to execute our business model in an aggressive manner at the very time we have completed our applications and introduced our wellness division. We are already receiving numerous requests from new clients for our beverages across the country and are fulfilling orders everyday. Our new shipping facility in Detroit is over 10,000 square feet with offices, loading docks and is both FDA and TSA monitored. We share trucking, shipping docks and inventory control with name brand food companies, and are moving product to Oregon and California this for new orders," stated B. Michael Friedman, CEO of MediSwipe Inc.
"Our new Digital ID Hotline product announced just last week, allowing patients once certified and registered with the state to scan their records and have access via fax or mobile and be authenticated by live operators 24/7 for just $19.99 a year is also gaining traction. We are migrating 3,500 patients to the system now, and we expect this system with the feedback we are getting to be one of the biggest revenue generators of our Company. With the recent events in Southern California dispensaries last week closing and now re-opening, why would patients be held hostage with their medical records and history? For about two bucks a month, they can have complete control and by calling an 800 number send their records anywhere they want in seconds. I want MediSwipe to have 100,000 patients on this system by the third quarter. It's a goal I believe is reachable, but more important is necessary for the patients," 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 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 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.