LOS ANGELES, July 3, 2012 (GLOBE NEWSWIRE) -- MediSwipe Inc.
(www.MediSwipe.com) (OTCBB:MWIP), a merchant payment solutions and
financial products company for the medical health care industry, today
announced that the Company has signed and completed the definitive
agreement to acquire certain assets of SweetMD Inc., (www.SweetMD.com),
a unique telemedicine and online healthcare platform portal based in
Las Vegas, NV. MediSwipe currently expects the transaction to close by
July 30, 2012, after satisfaction of customary closing conditions. The
Company's Board of Directors has voted unanimously in favor of the
share exchange and definitive agreement to acquire all assets of
SweetMD, and has entered into a voting agreement with the management of
SweetMD in support of the transaction. Specific terms of the
transaction, which is subject to majority shareholder approval and
various other closing conditions, will be disclosed in the MediSwipe
SEC filings.

"I am very pleased to announce this acquisition of SweetMD.com in light
of the recent vote and Supreme Court's decision regarding the future of
healthcare for those Americans seeking viable and affordable options.
We believe that our strategic plan for SweetMD.com as a model and
aggregator of virtual healthcare services, will allow easy access to
healthcare options for millions of Americans for which coverage is now
mandated by our government, at a low cost to individual patients and
their families", stated B. Michael Friedman, CEO of MediSwipe Inc.

"We truly believe that this online healthcare platform represents the
ideal and affordable model of healthcare for the 21st century. Our
services include telehealth, allowing patients the opportunity to speak
to physicians via video online, discounts on office visits and name
brand prescriptions, as well as personal health records for family
members. This partnership will now allow both SweetMD and MediSwipe to
offer consumers a complete healthcare solution utilizing our large
network of providers and facilities at an affordable price, that will
generate meaningful revenues and create long term value for our
shareholders," stated Erick Rodriguez, President of MediSwipe Inc.

About MediSwipe Inc.

MediSwipe Inc. (www.MediSwipe.com) offers a full spectrum of secure and
reliable transaction processing and security solutions for the medical
and healthcare industries, using traditional, Internet Point-of-Sale
(POS), e-commerce and mobile (wireless) payment solutions. The Company
now also offers digitized personal health records in conjunction with
Industry Alliance Partners. MediSwipe offers reliable merchant payment
solutions and closed loop pre-paid stored value and loyalty cards as a
unique cash alternative to these regulated and e-commerce businesses
specializing within the healthcare sector.

About SweetMD.com

SweetMD (www.SweetMD.com) has developed a program to bring affordable
healthcare services to individuals, families and small businesses. Our
Membership is a great alternative to costly health insurance for
businesses, uninsured and insured individuals and families and provides
great savings at thousands of providers nationwide. The unique portal
provides telemedicine services, video doctor patient calls, personal
health records (PHRs) and discount medical programs for the uninsured
and on name prescription drugs.

About 800 Commerce Inc.

800 Commerce (www.800Commerce.com) provides white label mobile and
payment solutions for business designed to drive return on investment
for high-volume clients and/or customized branded advertisers. Our
platform and tools are designed to enable large brands or anyone with
substantial reach to utilize the mobile device as a new means to
communicate. Communication might be in the form of an advertisement or
offer, coupon or reminder message in voice or Short Message Service
(SMS). Regardless of the form, our platform can drive value and cost
savings for companies large and small and the ability to drive
contextually relevant advertising messages to the right audience.

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.


CONTACT: MediSwipe Inc.
         Investor Relations:
         615.252.4099
         info@MediSwipe.com