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Commerce Online Inc.: Commerce Online Inc. Announces Fully Reporting Status, Company to Apply for Listing on OTCBB

^{Published on 2009-07-23 05:40:27, Last Modified on 2009-07-23 05:40:34 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - July 23, 2009) - Commerce Online Inc. (PINKSHEETS: [ CMIB ]) today announced that the company has filed its Form 10-K and 10-Qs, and is now current in its periodic reporting with the SEC. The Company would additionally like to inform its shareholders and the general public it will continue the process of seeking a quotation on the Over-the-Counter Bulletin Board or OTCBB as a fully reporting company.

The company will provide an update to shareholders once it receives information from the selected broker dealer who will be filing on behalf of Commerce Online, with regard to the status of the application to the OTCBB.

"We believe our new fully reporting status, and being transparent as far as our financial filings and business operations to the general investing public as well as our current shareholders, will bring additional credibility to CMIB, and prove that we are on the right path executing on our short term growth strategy as promised," stated Kyle Gotshalk, CEO for 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.

Disclaimer:

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.