Another writeup...
MerchantOnline.com to Go Public
5/7/99 10:06:00 AM
By Rich Hubbard, dbusiness.com
BOCA RATON, FL., May 7 (dbusiness.com) – MerchantOnline.com, a
privately held Internet company profiled by dbusiness on April 28, will be
going public on Monday.
The company will make its Monday debut on the Nasdaq Exchange under the
ticker MRTO, the company said Friday.
For any size company that wants to do business on the Internet,
MerchantOnline.com (MOL) will process real-time credit card transactions;
host a Web site; and provide Checks Online, which allows merchants to
accept checks over the Internet and deposit them immediately. The company
also checks for fraud.
“We expect to be trading by the beginning of May,” Tarek S. Kirschen, the
firm's president and CEO, had told dbusiness in a recent interview at the tech
firm's Boca headquarters. “Within a year, we want to be widely recognized
around the world as a provider of total e-commerce solutions.”
“It's a struggle every day,” Kirschen said. “There's big boys like Bill Gates out
there, with big bucks. But we're still competing with them.”
The company is going public through a reverse merger. MOL acquired a fully
reporting public company, Tarcyn Corp. of Denver, CO. “We are a public
entity as of Feb. 16,” Kirschen told dbusiness.
Kirschen worked for telecom giant Siemens, developing microchips at its
headquarters in Munich, Germany. Vice president and COO Angel Rodriguez
spent 20 years as a vice president of operations for CitiBank, then 10 years
with MasterCard International as vice president for Latin America and the
Caribbean.
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