Commerce Online Inc. Announces Merchant Processing Agreement With How2Vacation.com
Source. Commerce Online
Dated. July 28, 2009
LOS ANGELES, CA–(Marketwire – July 28, 2009) – Commerce Online Inc. (PINKSHEETS: CMIB) today announced an agreement to handle all merchant processing transactions and billing services for How2Vacation.com (www.How2Vacation.com), a leading travel and vacation portal offering full service travel services from hotel stays to private residences on the world wide web. Following the model of Expedia and Orbitz, How2Vacation.com offers discounted travel deals and vacation packages on hotels, villas, private residences, along with car rentals and air travel. The popular travel site differentiates itself by allowing private owners of vacation homes to list and upload these residences at How2Vacation.com at minimal cost, for those travelers seeking a more intimate and unique vacation experience by staying in a private residence over a hotel chain. The Company expects to increase travel related revenues by over 30% offering its unique variety of services through its partnership with Commerce Online.
“We are pleased to welcome How2Vacation.com as a client of Commerce Online, and allowing us the opportunity to offer them the very best services in merchant transactions and banking, social networking and mobile payment solutions. We believe this is the first of many merchants within the travel and leisure sector who will make the move to Commerce Online for our full suite of services including guaranteed best rate for merchant transactions, to taking part in the Commerce Online merchant network designed for the building of any online brand,” stated Kyle Gotshalk, CEO of Commerce Online.
About Commerce Online Inc.
Commerce Online Inc. (www.commerceonlinemedia.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. The Company’s electronic payment processing suite of services enables 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 innovator, 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.
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.