MediSwipe Inc. Announces New Corporate Headquarters in Michigan
New State Legislation Favoring Medical Marijuana and Medical
Dispensaries Offers Company Growing Business Opportunities
LOS ANGELES, CA -- (Marketwire) -- 01/03/13 -- MediSwipe Inc.
(www.MediSwipe.com) (OTCQB: MWIP), a patient security solutions and
financial products company for the health care industry, announced
today that the Company has relocated its corporate headquarters from
South Florida to Birmingham, Michigan effective immediately. The
Company made the decision to relocate to Michigan based on recent and
favorable state legislation regarding medical marijuana and
dispensary laws as early as two weeks ago in December 2012.
While Colorado, Washington and Massachusetts have grabbed the
spotlight during the elections, the state of Michigan made plenty of
headway as well, though in an indirect way. Voters in four cities --
Detroit, Grand Rapids, Flint and Ypsilanti -- backed initiatives to
decriminalize marijuana or make cannabis a low priority for law
Key members of the MediSwipe leadership team, including President B.
Michael Friedman and legal counsel, will be based in the state as
well as some of the Company's largest shareholders. As one of the
fastest growing medical marijuana states, Michigan will also provide
a strong community of support for the growing Company.
Michigan's recent legislation adds clarification and restrictions to
the voter-approved medical marijuana act of 2008 and got the required
support from three-fourths of legislators. The changes are the result
of many months of meetings with stakeholders and committee hearings
with testimony from law enforcement officials, doctors, medical
marijuana caregivers and patient advocates.
Two main bills got 29-9 and 30-8 votes in the Republican-led Senate.
Shortly after, the GOP-controlled House voted 98-7 and 100-5 to send
them to Gov. Rick Snyder.
HB 4834 requires a driver's license or state ID card to obtain
medical marijuana patient registration cards, extends the card's
expiration from one to two years, and attempts to address a backlog
of card applications by calling for the state to contract with a
private company to help process and issue registration cards.
It also would allow the Depa
rtment of Licensing and Regulatory
Affairs to verify the validity of registry cards to members of law
enforcement, without disclosing more information than necessary.
HB 4851 adds conditions for a "bona fide physician-patient
relationship," which is required for medical marijuana cardholders.
"I felt this move was a necessary and important move for the Company,
and will allow us to keep a close pulse on the industry as we
continue to introduce innovative products to businesses and patients
in Michigan and surrounding states proposing similar legislation.
While the states out west including Colorado and Washington figure
out total legalization, we would prefer to focus on and be the
dominant player within the east coast and Midwest markets like
Michigan, New Jersey, Massachusetts and potential new emerging
markets like Ohio and Vermont, keeping our east coast roots as well
as remaining close to our investment banking partners on Wall
Street," stated B. Michael Friedman.
"Right now, MediSwipe can offer server or cloud based patient record
scanning and record storage through our DigitalID software, bill pay
and cashless payment kiosks for alternative payment solutions as well
as mobile platform solutions for coupons, prescription alerts and
renewals. Any dispensary or healthcare operation seeking more
information on the MediSwipe suite of products may call our offices
at 561.296.6393," further stated Friedman.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides
innovative patient solutions for electronically processing
transactions within the healthcare industry. MediSwipe provides a
terminal based service packages and an integrated Web Portal add-ons
for physicians, clinics, hospitals and medical dispensaries that
include: digital patient records, Electronic Referrals, Credit/Debit
Card merchant services, Check Guarantee and alternative medical
This press release may contain certain
forward-looking statements and information, as defined within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, and is subject to the Safe
Harbor created by those sections. This material contains statements
about expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of MediSwipe Inc. to be materially
different from the statements made herein.
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