10/10/09

Commerce Online Announces $500,000 In New Merchant Services Accounts Through Alliance Network For Operating Quarter

Posted on 10:45 AM by merchant account




-Company exceeds expectations for new accounts in merchant services and
moves forward with independent ISO roll up strategy

PALM BEACH, FL, Oct. 9 /PRNewswire-FirstCall/ - Commerce Online Inc. (Pinksheets:CMIB - News) (www.800commerce.com), a leading company specializing in both bricks and mortar and online merchant payment solutions, today announced that the Company has exceeded expectations by signing approximately $500,000 in new merchant services business.

"As a new player within the sector, we have strategically aligned our Company with some of the most respected merchant solutions partners and banks in the country. This has allowed us to move our business forward aggressively to grow our client list through superior service and support, competitive pricing, new product offerings and veteran management. We have taken a different approach at Commerce Online, seeking out niches within the processing industry other than the standard model of mom and pop shops and volume business. Although we are more than willing to handle those accounts, are goal is to sign merchant services agreements with national brands, high volume online businesses, government municipalities and mobile entertainment which we believe to be high volume and low maintenance accounts, while also pursuing an aggressive independent ISO roll up strategy through our banking partners," stated Michael Friedman, founder of Commerce Online Inc.

About Commerce Online Inc.

Commerce Online Inc. (www.800commerce.com) is positioned to become a market leader in both online and wireless merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company's Alliances provide electronic payment processing suite of services enabling merchants to accept all major credit and debit cards, as well as ATM cards and ACH check drafts for payment whether a retail, service, mail-order or Internet merchant. As an industry leader, Commerce Online is dedicated to delivering comprehensive services, such as merchant account activation, gateway connections, Web development and social network engines to a worldwide client base. Commerce Online is a registered ISO with Direct Technologies Inc., a registered ISO of First National Bank of Omaha, Omaha, NE and Wells Fargo Bank, NA., Walnut Creek, Ca.

Disclaimer:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the closing of the Letter of Intent. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the numerous inherent uncertainties associated with completing a reverse merger transaction; (ii) obtaining regulatory approval in a timely manner; and (iii) changes in general economic and business conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our future financial reports other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT: Commerce Online Inc., (561) 868-6880, 800-Commerce, Investor Relations, info@commerceonlinemedia.com

SOURCE Commerce Online Inc.
www.merchantaccount2.blogspot.com

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