MediSwipe Inc. and 800 Commerce Inc. Announce Proposed Record Date for Dividend to Shareholders
LOS ANGELES, CA--(Marketwired - August 26, 2013) - MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), the leader in Compassionate Care Technology Solutions for the medicinal marijuana industry and 800 Commerce Inc., an innovative online directory and mobile marketing company, today announced it has set a firm record date of September 3, 2013 for the previously announced distribution to its shareholders of MediSwipe Inc. The Company filed the 10 day corporate action notification with FINRA and has requested the record date for the corporate action to be September 3, 2013.
The 800 Commerce shares common shares to be distributed to the MediSwipe shareholders on a pro rata basis are fully registered and will be free-trading shares when distributed.
The Company anticipates that the payment date will be a week after the approved record date. The ex-date is the first business day after the payment date and is after the record date.
All of the requested dates are subject to FINRA approval.
800 Commerce Inc. is now in the final process of completing the necessary filings so that its 800 Commerce stock may be quoted on the OTC Bulletin Board. The dividend will not impact the number of shares outstanding for 800 Commerce nor any shareholder's holdings of MediSwipe shares.
Investors are encouraged to consult with their financial advisors regarding the specific consequences of selling MediSwipe common shares on or before the record date. Shareholders are urged to consult with their tax advisors as to the specific tax consequences of the distribution.
No action is required MediSwipe shareholders to receive their 800 Commerce common shares.
"We are extremely pleased that we are finally able to make this announcement to our shareholders as it couldn't come at a better time for both MediSwipe and 800 Commerce. Our business at 800 Commerce is also starting to bare the fruit of our labor with two live portals www.my800doctor.com, and www.my800lawyer.com. We have received approvals across the board from all US carriers for the use of our shortcode 'MY800' as the first 800 search engine for online directories. We expect to receive our trading symbol as a fully reporting company over the next short weeks. The 800 Commerce offices in downtown Detroit and within a square mile of some of the largest companies in the US including GM, Deloitte, Marriott, MGM and the bridge to Canada from our window we look forward to a year of continued growth," stated B. Michael Friedman, for 800 Commerce Inc. and 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 an 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.
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.