MerchantOnline Announces New ISO/Distributor for PC PayMENT(TM) Small Business Package
BOCA RATON, Fla., April 11 --
MerchantOnline (OTC Bulletin Board: MRTO), a provider of secure transaction
networks and devices for credit cards and debit cards, announced today that it
has entered into a distribution agreement with Classic BankCard.
David Latraverse, Director of Sales, stated, "We are very excited about
this alliance and look forward to working with Classic BankCard in providing
them with our patented PC PayMENT(TM) Small Business Package. The agreement
allows another top notch ISO/distributor to get our product into the
marketplace." He added, "The combination of the revenue generated from the
sale of PC PayMENT and recurring transaction fees will contribute to the
continued growth of the company."
We have entered into an agreement to purchase the PC PayMENT Small
Business Package, which allows us to offer our 30,000 plus customers a lower
cost alternative means of accepting Credit and ATM/Debit cards. The patented
PC Pay(R) device that is part of this package, adds extra value for our
customers by also allowing them the ability to execute online purchases
securely and anonymously," said Mace Horowitz, president of Classic BankCard,
Inc.
The suggested retail price for the PC PayMENT Small Business Package is
$299-$699 depending on configuration.
About MerchantOnline.com
Founded in December 1997, MerchantOnline provides a secure transaction
network that enables business and consumers to use one payment system for both
their real world and virtual world needs utilizing credit card, ATM/debit
cards and other payment programs.
Except for historical matters, the matters in this press release are
forward-looking statements and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. The forward-looking
statements reflect assumptions and involve risks and uncertainties, which
might affect the Company`s business and prospects and cause actual results to
differ materially from these forward-looking statements. Investors are
cautioned that all forward-looking statements involve risk and uncertainties,
including those risk and uncertainties detailed in the Company`s Annual Report
on Form 10-KSB for the year ended October 31, 2000, filed with the SEC.
CONTACT:
Kevin Spencer
Excel Financial Services Inc.
888-369-9976
kevin@efsi.com
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