Science & Technology
Science and Technology
Science and Technology
Fri, September 18, 2009
Thu, September 17, 2009 Commerce Online Inc.: Commerce Online Inc. Appoints Internationally Acclaimed Entertainment Executive Russ Regan to Board of Ad
PALM BEACH, FL--(Marketwire - September 17, 2009) - Commerce Online Inc. (
Recently Mr. Regan served as Vice President of Music Licensing with Instant Media Network, the world's largest provider of music content and services to the lodging industry and brings to Commerce Online a track record of success in the entertainment industry that spans over four decades. Mr. Regan has headed up labels such as Motown, 20th Century and Polygram records and is directly credited with playing a key role in the success of dozens of recording artists, including super stars Elton John, Neil Diamond, Barry White, Olivia Newton-John, The Beach Boys and finding the song "That's Life" for Frank Sinatra. Mr. Regan started with Berry Gordy at Motown and promoted many other legendary artists including Marvin Gaye, Stevie Wonder, The Supremes and Smokey Robinson. He is one of only a few record executives in the world who has had a number one record in each of the last four decades and during his career has racked up sales of over one billion records worldwide. Mr. Regan also supervised the soundtracks for "Flashdance," "Chariots of Fire," "The Karate Kid," "Spinal Tap," and "A Chorus Line."
"Having an icon like Mr. Regan as part of our advisory board and working side by side with him is truly a unique honor and privilege to us at Commerce Online. The doors that continue to open for our young company simply because of his accomplishments and reputation in Hollywood will soon propel us into a major provider of merchant services to the entertainment, infomercial and pay for view space. Already in his first month with the company, we have grown our merchant processing services through our alliances to over $400,000 a month credited to Mr. Regan. Our strategy of providing merchant services to product infomercials through Mr. Regan's contacts could account for millions in revenues and sales of these products worldwide through celebrity product endorsements and credit card services," stated Michael Friedman for Commerce Online.
"Being a part of a start-up like Commerce Online and seeing what they have accomplished in the short time they have been public, truly brings back the entrepreneurial spirit in me. I am looking forward to working with the company and making the proper introductions within the entertainment sector to uniquely set Commerce Online apart from any other company within the merchant services industry," stated Mr. Regan.
About Commerce Online Inc.
Commerce Online Inc. ([ www.800commerce.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 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.
