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Commerce Online, Inc.: Commerce Online, Inc. Announces Withdrawal of TenderCard, Inc. Bid

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^{Published in Science and Technology on Monday, July 27th 2009 at 14:10 GMT, Last Modified on 2009-07-27 14:10:41 by Market Wire}  

LOS ANGELES, CA--(Marketwire - July 27, 2009) - Commerce Online, Inc. (PINKSHEETS: [ CMIB ]) announced today that it has withdrawn its intended acquisition of TenderCard, Inc. CEO, Kyle Gotshalk, commented, "We have set forth a strategy of ambitious growth targets from building our core business and potential merger and acquisition candidates within the credit card processing sector. We are exploring numerous acquisitions, and it is important for our investors that we get it right.

"As we looked at the TenderCard opportunity in more depth, we simply felt that there was a better fit for us. We have chosen to remain focused on the processing industry which offers higher multiples than the gift and loyalty card sector. We plan to continue our roll-up of ISOs and merchants to strengthen our present business model which will have limited dilution to our shareholders," stated Mr. Gotshalk.

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.