Science & Technology
Science and Technology
Science and Technology
Tue, May 19, 2009
Mon, May 18, 2009
Seraph Security Inc.: Seraph Security Inc. and Commerce Online Announce Exclusive Agreement With Secured Financial Network Whol
LOS ANGELES, CA--(Marketwire - May 18, 2009) - Seraph Security Inc. (
"This agreement with VPS, an up and coming leader in the transaction processing solutions sector, will allow our new business strategy with Commerce Online to operate and grow at a tremendous pace," stated Kyle Gotshalk, CEO. "Under the terms of the agreement, Seraph Security under its new name 'Commerce Online Inc.' will market VPS's transaction processing solutions, as well as vertical business services, to its customers and share in the revenue of those additional services. Financial terms of the agreement were not disclosed.
"Partnerships like the one with VPS are essential to our long term goal of strategic sales partnerships that will over the short term enable Commerce Online to become a meaningful player within the bank card processing and merchant services sector. Already through our partnership with VPS, we have added our first processing clients with several others in cue, allowing us to build our revenue streams out of the gate. We are confident that this exclusive relationship will deliver on our goals to improve operational efficiencies, create seamless and efficient access to our merchant and bundled solutions and services to our clients, while enhancing shareholder value of SRHS over the near term," stated B. Michael Friedman for Commerce Online.
About Seraph Security/Commerce Online
Seraph Security/Commerce Online Inc. (
About Secured Financial Network
Secured Financial Network, Inc. offers a full spectrum of secure and reliable processing for e-commerce, mobile and traditional business transactions. Through its wholly owned subsidiary Virtual Payment Solutions ([ http://www.virtualpaymentsolutions.com ]), the Company provides reliable and robust solutions to e-Commerce and mobile commerce using a proprietary Internet Payment Gateway known as the "RedFin Network," ([ https://secure.redfinnet.com ]). RedFin is CISP and PCI/DDS compliant. For more information on the Company, visit [ http://www.securedfinancialnetwork.com ].
Forward-Looking Statements
This press release contains forward-looking statements and information (within the meaning of the Private Securities Litigation Reform Act of 1995), about our financial results and estimates, business prospects, new products, and products under development, all of which involve substantial risk and uncertainties. For example, our business depends in part on the market's adoption of our new product offerings, and our ability to increase our selection of value-added Internet technology applications and solutions, through either internal development or agreements with third parties. Our business will be harmed if our new product offerings are slow to be adopted, or if we are unable to develop or offer additional Internet technology applications and solutions in a timely and cost-effective manner. To expand our Internet technology solutions offerings, we may need to license or acquire other technologies or businesses. We may find that it is difficult to identify or conclude such acquisitions on favorable terms, or to integrate future technology or business acquisitions, which could limit our growth, disrupt our business and adversely affect our operating results. Other factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and services, our ability to compete with competitors, our current filings as well as other documents we periodically file with the Securities and Exchange Commission.
