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Commerce Online Inc.: Commerce Online Announces Joint Venture Agreement With 561 Media Inc. for Merchant Card Services and Soci

^{Published on 2009-08-05 06:09:18, Last Modified on 2009-08-05 06:09:26 - Market Wire}
 

PALM BEACH, FL--(Marketwire - August 5, 2009) - Commerce Online Inc. (PINKSHEETS: [ CMIB ]) ([ www.800commerce.com ]) today announced a joint venture agreement with 561 Media Inc. ([ www.561media.com ]), an international web development firm, to provide merchant card services and web marketing for all 561 Media bricks and mortar as well as e-commerce clients through Commerce Online and its alliance partner network. Commerce Online recently announced it has signed a Merchant processing and ISO agreement with Direct Technology Innovations ("DTI"), of Fort Lauderdale, Florida. DTI is an ISO/MSP for the First National Bank of Omaha, NE; JP Morgan Chase Bank, New York, NY; Fleet Bank, Providence, RI; Wells Fargo Bank, N.A., Walnut Creek, CA; and Best Payment Solutions.

"561 Media has been known as a leading web development and marketing firm launching hundreds of e-commerce sites since its inception. Both companies as per the agreement can now offer website development for new business, search engine marketing, social networking and merchant card services for all new and existing 561 clients through the newly created venture and its alliance partners. We plan to become the most recognizable brand in the social B2B space, offering turnkey solutions to both brick and mortar businesses as well as e-commerce business through a full spectrum of services including: website development, business packages, free hosting and merchant card services. The companies will also offer fee based traffic and advertising through its social B2B portal [ www.800Commerce.com ] in September of this year," stated B. Michael Friedman for Commerce Online.

"We are thrilled to be partnering with the Commerce Online team and are excited about the direction of the Company. Our skills and assets are very complementary with Commerce Online and coming together makes for a powerful combination. We look forward to helping the company build its merchant card services and digital businesses," commented Cary Bartlett and Joe Raio of 561 Media, Inc.

About Commerce Online Inc.

Commerce Online Inc. ([ www.commerceonlineinc.com ]) (PINKSHEETS: [ CMIB ]) 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 in conjunction with Industry Alliance Partners. The Company's Alliances provide electronic payment processing suite of services enabling 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 leader, 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.