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Mutual Merchant Services Expands Processing Services to Medical Industry
Mutual Merchant Services, Inc. (PINKSHEETS: MUTM) (German WKN# A0Q8CV) is pleased to announce that it has signed a contract with 1st Federal DMC, LLC ("DMC") to provide credit card processing services to Medical, Physical Therapy, Surgical, Personal Training and Exercise Centers in the north New Jersey area. DMC is highly confident that it can capture a minimum of 10% of the current clientele of DMC Athletics and Rehabilitation, or $5 million per month, in the first six months and up to 20%, or $10 million per month, in the first year of operations.
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DMC Athletics and Rehabilitation has been recognized for providing unmatched customer service and in 2006, 2007 and 2008 was the Reader's Choice Award number one rated orthopedic and sports training facility in Morris County. It has created a processing arm of its business called 1st Federal DMC Processing, LLC ("DMC"). DMC has engaged the services of several marketing and sales agents in preparation to roll out this new service. DMC has pre-qualified several affiliated medical businesses that represent more than $10 million of processing per month. Over the ensuing 12 months DMC will approach all of its affiliate medical associates which represent approximately $50 million in monthly processing.
"I am pleased to be able to make this announcement so quickly," said Josee Goudreault, CEO and Chairman of the Board of Directors. "Mutual Merchant Services has announced projected increases in annual credit card processing volume nearly 100% or approximately $80 million in just the last two weeks. I am very proud of our fine sales team but I must also say that our years of industry experience and broad range of affiliations in multiple niches allow Mutual Merchant Services to deliver a more comprehensive product at lower cost to the merchant," he added.
There are 2 MUTMs on Pinksheets? I only see one... can you list this one anywhere on pinksheets if I got the wrong company?
AmericanBulls are BS dont look into it too much they are always a day late and nothing to back their statements up. Monday could be a Hold or a Sell if.
Mutual Merchant Services, Inc. Announces Annual Run Rate of $83 Million
Mutual Merchant Services (PINKSHEETS: MUTM) (German WKN# A0Q8CV) today announced that, based on its last three months performance, the Company is operating an annual run rate of $83 million in processing volume.
"It is our goal to achieve an annual processing volume run rate of over $200 million by the end of 2010," said Gil Gillis, CEO of Mutual Merchant Services. "We will achieve this by developing strategic relationships in several key niche markets. I look forward to announcing several additional strategic marketing alliances in the coming weeks."
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The Company nationwide network of Independent Sales Offices (ISOs) is currently signing an average of 47 new merchant accounts per month. In addition to processing fees, Mutual Merchant Services generates significant incremental revenue (33% of total revenue) on equipment sales, leasing and membership fees.
About Mutual Merchant Services
MUTM is a single source provider of financial services, offering a variety of products and services to merchants, financial institutions, and banks. Services offered include credit and debit card acceptance, check guarantee, check verification, check conversion, check 21, advance funding, ACH check processing, prepaid and bill pay services. MUTM also provides point of sale software, hardware, and e-commerce products.
Forward-Looking Statements
This release includes "forward-looking statements" from the Company that may or may not materialize and recipients are cautioned not to place undue reliance upon them. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
For Investor Relations: Integrated Capital Partners, Inc. 908-204-0004 Email Contact
Well I will post here since it is dead / first time I have seen no volume with this stock
I thought the goal here is to buy as low as you can
better load up on those .0038s you wont see them for a while since it is going south. Average down while you can .0037s are almost there.
Good Job Matt
NITE is on the BID side
NITE is on the BID side according to Etrade
ill buy your shares
1 mm left for the .0001s and its DOMS not much of a bother
Get your .0001s while you can this is running out next stop .0002s
I think someone was saying it only needed about 60mill to get to the .0002s
people are buying over 10 mill now something is heading up
this is the lowest volume I have seen for this stock
this is the lowest volume I have seen for this stock
Etrade has no problems with that i have been putting in Mills when i buy you need to switch Brokers
I would of thought this news would of pushed this real high even into the .00s I guess there is still a lot of issues still to have this much resistance. anyother stock this would of soared reducing the share count by that much. that should of rasied the market cap to almost 4 mill
I only have 50k shares invested in this it is basically not going anywhere simple flip on an uptick
I did have 6 million shares before i sold at .0006 if that helps
I would be concern Matt has spent all your money and this is about to get worst before it gets better. Matt has nothing to report just like all year round the only thing that was remotely benificial to report was the contracts. Todays PR is a joke nothing the investor can use. Matt has abused his power in the company and it was on your dime. Keep Averaging down / it is what the stock does best besides dilute.... He is about to destroy the .004 level that has been there for a while....
Getting worried?
That was mine at .0002
i have 14 mill at .0001 and it is not filling either
Yeah I did that as a market order limit @ .0001 premarket couldnt do it as a market order because of price of course is there another option besides market limit for buying to make this go in properly?
Company isnt PRing anymore and noticed the PPS is still around the 4s wonder if finally Matt learned by his mistakes?
will i be able to get in at .0001 with 14 mill or is it too late?
usually if the TA is gagged means that there is a good chance it will be diluting and the company does not want anyone to know about it because of certain advantages that the company does not want anyone to have over it... That was the same exact thing that happen with CBAI
Signs of Dilution
1. Gagged Transfer Agent (TA).
3. Inability to get a current share count from the company.
2. Increasing Outstanding/Authorized share counts.
3. Constant decline in price with rapidly increasing volume on chart.
4. Decline in price with no material event as a cause.
5. Large, even blocks of shares continually hitting the bid.
6. A history of Reverse Splits after running the share price into the ground.
7. The opening of a 504 Reg. D program.
8. Convertible debenture programs disclosed in financials or company communication.
9. Heavy coverage by penny stock promoters, mindless pumping on message boards, spam emails.
10. History of pump and dump action on the chart. 1-3 day quick runs followed by steep high volume drops.
11. Blaming low price and decrease in price on Shorting and Market Makers (MM's).
11. Several signs of being a scam - See Part A.
Little info to digest
http://www.thethirddimension.net/stocks/pennystockredflagchecklist.html
I was in on that stock for a year had one good run it has bad diluted stock which the CEO did twice after saying he was not going to dilute any more. There is just to many shares OS for the price it is at. Not a good stock to flip as well you have to be part of a long term club. There is better stock out there that will give you good returns that one isnt, with a 5 Billion OS this finally settled after reaching .004 where it has been for a month last run it had was to .0197 and that was back in Dec 09. I lost 3k in that stock trying to average that down. Too many bagholders.... Dont bother with it. IMO
I got in originally at .0057 before the big run of 2009 made a little money but lost most of it trying to flip it when i put it back in at the .009s and averaging it down...
well then it was basically poor timing for the PR. This could of kept raising it was on a upward trend held the 9s pretty good...
Timing is everything. If ICOA was happy with the deal it made. Then so be it.. Wont help the shareholders....
I wouldnt buy this right now / especially with it still trending down I would wait for another day or 2 wait til friday infact because I dont think anymore news will be coming out if were lucky until next week (buy back into it to go up for 1 tick then drop another 2 ticks.) I bought in back at .0005 for 400k shares 2 days ago and this is still falling. You can do what you want, but by looking at this and the way it is trading... The 5s are not going to hold to much longer for support..
Pump dump bumb as you put it....
true as well / we can speculate all day long why this is trading the way it is, that it will go up or it will go down and for whatever reason why....
very true / but for the company to sell shares that are suppose to be restricted and can not be touched until 2013. and with the float locked down, There is something that doesnt seem right (which could be hidden diluting going on. How were they able to issue 10 million in shares to another company instead of paying money to do certain things?
(That could be the reason why it is trading down with the last PR I think alot of people are believing the CEO is diluting when he said he wasnt diluting anymore. That is just speculation as well...)
Just like speculating that this company will have the stock go into the pennies (all of us were pumping this stock so much and not thinking about the fundamentals of this just being a penny stock....
Very true....
Just very common when it comes to a Penny stock that just lifted off the bottom and it had its big run, biggest IMO since after the R/S with two peeks last week. That is all you can ask for in this kind of stock (These last 2 days were red and that is not the normal thing for ICOA There was no bounce back like we were use to and that is what im using as reference here why it will continue to Churn downwards yes the buys will out do the sells, but sometimes will not make this move back up especially when there is covering to sell the next day (Big volume) the volume was over 100mill and this did not UT (maybe for one trade, but when I saw the 5000 bidwhack and it sent this back down to the 6s at the ask and started to grow from there with no UT again, this kind of didn't seem right and there was selling mixed in with buying at the ASK so it looked like heavy buying volume at the .0006. Everyone including myself was hoping that this was going into the .002s. Never Happen / last run it had was to .001s
I would beg to differ these were people selling at the ASK why do you think the .0006 ASK started to grow during the power hr instead of deminishing? While all the trades look like they were buys at .0006 and during that time the ASK was increasing by MMs and this was after reaching .0007 for one trade right before 3 pm est...
The trades will look like buys if peeps are selling at the ASK and sells if Peeps are buying at the BID...
So In reality most were buying at the BID which was .0005 and will sell the UT in the AM or the shorts were covering as well to have this sell just the same in the AM after the UT.... That has been the pattern going on 3 days tomorrow being the 3rd / The Trading Chart is not sync'd with the trading right now give it another day and you will see.
It wasnt a flat day today why do you say that this finished Negative infact this was the second day in a row which is not good with this stock. The 5s will be gone after a little while as the support starts to diminish. This will uptick in the AM, but after that it will continue to churn downwards and create a small bounce. to finish probably in the .0005s for the Ask.
We will see this probably until this gets to .0003 / .0004, because that is the next level support if the 5s break support. I got out most of my shares at .0005 and will sell the rest at the UT in the Morning.. (There is nothing holding this up for right now and the past 2 days proved that.) I will buy in with my free shares if this gets back to .0003/.0002 where I started before (it was a nice run we had, but it might be dormant right now....)
If there was news tomorrow on this this would of started UT today instead of selling towards the EOD.
bet it wasnt you cant even buy any 5s right now it is 6s or sell
If it was a buy this would of flown past the 6s
yep someone doesnt want this to move if a good portion is going to dump lower than the Ask for the last 40 min
well it wont do that if you keep selling 8.5 Million shares at the bid
we need to have everyone not blow their whole wads right now and not have enough for power hr as well