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MWIP - new PR

Top OTC Stock; New Merchant Kick sparks MediSwipe Trading Flurry
Posted by ironstock on Sep 13, 2011 | No comment

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Shares of MediSwipe Inc. (OTC: MWIP) are soaring more than 150% in today’s trade. The provider of a full spectrum of secure and reliable transaction processing and security solutions for the medical and healthcare industries announced, along with its subsidiary 800 Commerce Inc., new merchant services agreements for the month of September.

At last check, MediSwipe shares were trading 100% higher at $0.0086, with volume up from daily average of 1.21 million to 27.12 million.

MediSwipe said that the new merchant service agreements for this month exceed $8 million in monthly gross processing volume and include wellness centers, e-commerce and high risk merchant accounts. Under the new agreements, MediSwipe and 800 Commerce will offer merchant services, gift/loyalty cards and personal digitized healthcare records to the new merchant network.

Commenting on the new merchant service agreements, Michael Friedman, CEO of MediSwipe, said that the company is extremely pleased with the performance of its agent network an organic growth as to new merchant accounts as a direct result of expanding its markets beyond medicinal sector. Friedman further said that as a result of this expansion, the company’s revenue account each month will mark an aggressive upward trend.



Read more: http://www.beaconequity.com/top-otc-stock-new-merchant-kick-sparks-mediswipe-trading-flurry-2011-09-13/#ixzz1XqndHjpY