LOS ANGELES, CA--(Marketwired - May 17, 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 signed an agreement for its new health and wellness division for sales of its' "Chillo" hemp based energy drink and C+Swiss ice teas. The new agreement covers all of Oregon, with 200 locations included and currently is expected to reach 5,000 units weekly within the first months of the agreement.
"Immediately upon having announced our new health and wellness division for MediSwipe and our exclusive agreement with Chill Drinks LLC for Chillo and C+Swiss, we began selling the products into dispensaries in Michigan and Colorado. Today we are announcing we have expanded our sales to include Arizona, Northern California and now Oregon. We are extremely excited about the immediate acceptance of these products and brand to our clients as it helps strengthen our relationship as a true partner to these businesses as we install our vertical products to provide all their patient and business needs from software, security, to e-commerce to beverages," stated B. Michael Friedman MediSwipe CEO.
The Company also filed its first Quarter results for 2013 earlier this week. "During the first quarter, we continued to take the necessary steps to improve MediSwipe's financial position and drive long-term growth," stated B. Michael Friedman, Chief Executive Officer. "Revenues for Q1 increased almost 100% from last year from Q1, yet we believe that 2013 will continue to be a transitional year as we continue to optimize our business around strategic opportunities and new markets, being selective about the revenue opportunities we pursue. We are just now beginning to see success in achieving a more optimal distribution of our revenue, with the first installations of our MediSwipe DMS, our new certification centers, the release of our wellness division and beverage line, which based on present trends, we are very optimistic for meaningful revenue in the upcoming quarters. Finally being out of the research and development stages and all of our divisions in full sales mode, with the 800 Commerce dividend date pending, we can now see the positive impact over the near term," concluded Friedman, CEO for MediSwipe.
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.