S.W, Charter Pacific Bank & MRTO Join Forces On the Internet!
AGOURA HILLS, Calif., Oct 1, 1999 (BUSINESS WIRE) -- A coast to coast
strategic alliance between California-based Charter Pacific Bank (OTC
BB:CHTP) and Florida-based MerchantOnline.com (OTC BB:MRTO) will unveil
a new worldwide total e-commerce solution for conducting business on
the Internet. The agreement between the two progressive companies
creates a strong commitment to providing both merchants and consumers
with the ultimate system that brings ease and convenience to web
shopping. Further details of the alliance are to be announced at the EC
WORLD EXPO to be held at the Orange County Convention center, Orlando,
FL. Oct 4 - 7th, 1999. MerchantOnline.com will be located at Booth No.
1017.
"Our new strategic alliance with MerchantOnline.com allows us to
comprehensively expand the services we offer our e-commerce clients,
and further assure our customers of their security doing business on
the Net", states Richard S. Cornejo, Executive Vice President and
BankCard Manager, Charter Pacific Bank. "We have been at the forefront
of the e-commerce industry, processing credit card payments for
Internet merchants since 1994. But now, both companies will take a
quantum leap forward in providing advanced systems and superior
services."
In business since 1981, Charter Pacific Bank is headquartered in Agoura
Hills, CA. They provide merchant accounts through their BankCard
Division, which was established in 1988. BankCard Division's business
model is based upon three keystones: service, technology and
confidence.
MerchantOnline.com based in Boca Raton, FL, has established a strong
reputation as a provider of proven turnkey e-commerce programs. This
joint venture offers merchants a one-stop solution that provides the
gateway, shopping cart services, credit card processing, check
acceptance and processing (ACH), fraud screening and customer support.
All with the latest state-of-the-art equipment and software.
"This venture with Charter Pacific Bank offers merchants an
easy-to-use, low-cost e-commerce solution and presents both our
companies with new opportunities", says Tarek Kirschen, President and
CEO of MerchantOnline.com. "We look forward to a long and prosperous
business relationship with Charter Pacific Bank."
Charter Pacific Bank (OTC BB:CHTP) is a $97 million commercial bank
that offers a wide range of banking, financial and payment processing
services. In the last fiscal year Charter Pacific Bank processed in
excess of 8,420,000 credit card transactions. For more information
about this joint venture e-commerce solution, please contact Charter
Pacific Bank BankCard Division at 30141 Agoura Road, Suite 205, Agoura
Hills, CA 91301 or by phone at (818) 597-7488 or via e-mail at
info@bankcardsecure.com.
MerchantOnline.com (OTC BB:MRTO), www.merchantonline.com, is a total
one-stop e-commerce provider offering real-time credit card processing,
checks online and shopping cart services. Located at 1600 S. Dixie
Highway Suite 300 in Boca Raton, FL, MerchantOnline.com is one of the
fastest growing e-commerce providers in the industry. For more
information, contact MerchantOnline at (561) 395-3585 or send an email
to info@merchantonline.com.
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
level of competition for the company, new products and technological
changes, the Company's dependence on 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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: MerchantOnline.com, Boca Raton, Fla.
Angel Rodriguez, 561/395-3585
WEB PAGE: businesswire.com
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