MediSwipe Inc. Announces Formation of Wholly Owned Subsidiaries for Hemp Based Products and New Agricultural Sales Divisions

Accesswire

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.

FORWARD-LOOKING DISCLAIMER

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.


CONTACT:

MediSwipe Inc.
248.262.6850
www.MediSwipe.com
info@mediSwipe.com

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