MRTO - Worthy of consideration for your list IMO:
Tuesday July 27, 1:07 pm Eastern Time
Company Press Release
Nilson Report Cites MerchantOnline.com Inc. in July 1999 Issue as Likely Takeover Target
BOCA RATON, Fla.--(BUSINESS WIRE)--July 27, 1999--The Nilson Report (www.nilsonreport.com), for 29 years the leading publication covering consumer payment systems worldwide, cited MerchantOnline.com Inc. in its July 1999 issue as a likely takeover target.
According to the publication: ''...more than 30 Internet payment gateways operate in North America. All process card transactions from Web storefronts by reformatting data received on the Internet for delivery, to the same authorization networks that handle card payments from merchants' checkout lanes. Those with the best technology, including CyberSource, CyberCash, MerchantOnline.com, PaymentNet and WebCash, are likely takeover targets by bigger companies able to acquire merchants outside North America. Seven gateway processors have been acquired so far this year.''
In response to the article, Tarek Kirschen, president and chief executive officer of MerchantOnline.com (OTC BB:MRTO), stated: ''The MerchantOnline.com Internet payment gateway is intended to service all payment needs of all Internet merchants worldwide.
''The introduction of Mol-e check (see news release of June 8, 1999), our ability to establish merchant accounts offshore (see news release of June 14, 1999) and our new product Mol-Pay (see news release of July 26, 1999) are the building blocks of what we believe to be the most comprehensive and complete e-commerce solution available today.''
Forward-looking statements in this release are made pursuant to the ''safe-harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new product and technological changes, the company's dependence upon third-party suppliers, intellectual-property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
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Contact:
MerchantOnline.com Inc., Boca Raton
Tarek Kirschen, 561/395-3585
info@merchantonline.com
www.merchantonline.com
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