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Monday, 08/22/2011 11:58:32 AM

Monday, August 22, 2011 11:58:32 AM

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MediSwipe Inc. Files 10Q Financials for Second Quarter 2011 and Announces Additional Merchant Agreements for Wellness Centers and Internet Businesses.

MediSwipe Signs New Merchant Contracts for Over $150,000 in Monthly Processing Volume.

LOS ANGELES, Aug 22, 2011 (GlobeNewswire via COMTEX) -- MediSwipe Inc. ( www.MediSwipe.com ) MWIP -9.23% , and its wholly owned subsidiary 800 Commerce www.800commerce.com , a leading company specializing in merchant payment solutions and financial products for the medical health care industries and mobile payment industry, today announced that the company has filed its 10Q financials for the second quarter 2011, and signed new merchant services agreements the first week of August for wellness centers and Internet businesses exceeding one million dollars in annual gross processing volume. Under the newly signed agreements, MediSwipe will provide merchant services, cash advance, debit and loyalty cards and personal digitized healthcare records to wellness centers and medical dispensaries located in Colorado and California as well as provide merchant services to e-commerce and additional high risk merchants. The Company has also expanded merchant agreements this month to the 800 Commerce division covering non-medical related merchant agreements including e-commerce sites, penny auction sites, credit repair.

"We have spent the last two quarters cleaning up our balance sheet, dissolving consulting agreements by prior management and retiring over 10% of our outstanding common stock. Further effort was placed on completing the research and development of our closed loop MediSwipe cards, completing our name change, the transition of new management and solidifying our banking relationships. We have also cemented important strategic alliances with MMR Global and www.mymedicalrecords.com to provide personal health records to thousands of our patients at low cost monthly fees, and www.800.com , which will provide toll free numbers, efaxes and voicemail along with our merchant processing services for both online and bricks and mortar businesses. We have already surpassed revenues for last quarter this month, and we urge our shareholders and new investors to continue to mark our progress as our portfolio of clients and pipeline of revenue grows dramatically over the short term," stated B. Michael Friedman, CEO of MediSwipe Inc.

http://www.marketwatch.com/story/mediswipe-inc-files-10q-financials-for-second-quarter-2011-and-announces-additional-merchant-agreements-for-wellness-centers-and-internet-businesses-2011-08-22?reflink=MW_news_stmp