LOS ANGELES, CA June 25, 1013 - 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 formed two wholly owned subsidiaries to further define and enhance the MediSwipe business strategy within the medicinal sector. The first subsidiary "The American Hemp Trading Company", will hold all licenses to the Hemp based beverages currently owned by MediSwipe, "Chillo" and "C+Swiss" as well as additional Hemp based products presently being negotiated for acquisition an distribution. The second subsidiary "Agritech Innovations", will serve as a roll up and acquisition corporation for bricks and mortar locations of agriculture products including hydroponics, exclusive nutrients, as well as e-commerce cultivation sales. The first location for MediSwipe's Agritech store in Michigan is presently under negotiation with expected opening in August 2013.
"I truly believe that the formation of these two new wholly owned subsidiaries allows us to clearly define our business model and separate revenue flows from each division of our Company. Starting from inception when the patient makes the decision to see a doctor and register in 19 states, we want it to be a doctor registered with MediSwipe on our software and at a Certification Center franchise. We want those patients to have access to their records in the most secure environments and receive the best medicine, by the most qualified caregivers. Our vision is to provide services and products both directly and through the web on behalf of patients as well as to dispensaries, pharmacies and caregivers that will ensure quality, security, merchant processing and state-of the art technology giving us the advantage of owning a 360 degree market segment, while still remaining agnostic to the actual medicine.", stated B. Michael Friedman, CEO of 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 Receivable Financing.
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