Mediswipe Wants To Cash In On Marijuana Laws Mar. 4, 2013 4:00 Pm---Lsj

BIRMINGHAM, Mich. — A small, publicly traded tech company hopes to cash in on Michigan’s medical marijuana laws by offering patients apps to find doctors to write them recommendations, digital identification cards and cashless transactions at marijuana distribution centers.

MediSwipe recently moved its headquarters to Birmingham from Florida and plans to open >>>additional workspace >>in Ann Arbor in May — and hire a dozen employees.

The company hopes to capitalize on the growing medical marijuana industry, which by some estimates may be $2 billion nationally.

By next year, as states like Michigan consider revisions to medical marijuana laws, CEO Michael Friedman said he hopes to have thousands of customers who can turn to the company to help them navigate state laws and paperwork in a similar way that financial services companies help customers file for their income tax refunds each year.

“We want to be known as the H&R Block — or the TurboTax service — of the industry,” Friedman told the Detroit Free Press.

MediSwipe seeks to offer patients a way to digitally store their medical records and other documents — such as a Medical Marijuana Card — which may be required to get medicinal marijuana.

The company will help put them in touch with doctors — and help them make electronic payments at medical marijuana distribution centers.

MediSwipe would make money, Friedman said, by charging fees for the services — most about $20.

Oakland County Executive L. Brooks Patterson, who opposes legalizing marijuana, including medical marijuana, urged MediSwipe to be careful.

“If they perform a legitimate service and operate within the confines of the law, there is nothing I can do to stop it,” he said.

Michigan isn’t the only state the company is operating in — and the national trend toward allowing marijuana for medical use is driving the company’s plans to expand, Friedman said.

Friedman said the company is moving to Michigan because of its medical marijuana laws and plans to focus on providing services to patients who use marijuana for medical purposes.

The 4-year-old company also operates in California, Colorado, Massachusetts and New Jersey.

Friedman said he hopes the company will be profitable by the third quarter.

Still, some of what the company wants to do is incumbent on what the Michigan Legislature decides.

A bill recently introduced, for example, seeks to legalize medical marijuana distribution centers. The proposal would let individual communities decide whether to allow such centers — and where they can be located.

But a Michigan Supreme Court ruling was interpreted to ban public facilities that distribute medical marijuana.

“Our whole reason for being is to legitimize the industry — and track transactions,” Friedman said.

------------------------------>>>

http://www.sfgate.com/news/article/Tech-company-looks-to-cash-in-on-medical-pot-laws-4325688.php

and from San Francisco...

.on both sides of the country at once-??---->>>

Tech company looks to cash in on medical pot laws

By FRANK WITSIL, Detroit Free Press

Updated 10:42 am, Monday, March 4, 2013

In a Faeb. 19, 2013 photo Michael Friedman, the CEO of MediSwipe, shows in Birmingham, Ala., his company's new mobile apps that will help medicinal marijuana patients find doctors.

The company recentlly moved its headquarters from Florida to Birmingham, and expects to open an ---->>>additional office in >>>>>>>>Ann Arbor. Mich., in May.

BIRMINGHAM, Mich. (AP) — A small, publicly traded tech company hopes to cash in on Michigan's medical marijuana laws by offering patients apps to find doctors to write them recommendations, digital identification cards and cashless transactions at marijuana distribution centers.

MediSwipe recently moved its headquarters to Birmingham from Florida and plans to open additional workspace in Ann Arbor in May — and hire a dozen employees.

The company hopes to capitalize on the growing medical marijuana industry, which by some estimates may be $2 billion nationally.

By next year, as states like Michigan consider revisions to medical marijuana laws, CEO Michael Friedman said he hopes to have thousands of customers who can turn to the company to help them navigate state laws and paperwork in a similar way that financial services companies help customers file for their income tax refunds each year.

"We want to be known as the H&R Block — or the TurboTax service — of the industry," Friedman told the Detroit Free Press (http://on.freep.com/YVc1UZ ).

MediSwipe seeks to offer patients a way to digitally store their medical records and other documents — such as a Medical Marijuana Card — which may be required to get medicinal marijuana.

The company will help put them in touch with doctors — and help them make electronic payments at medical marijuana distribution centers.

MediSwipe would make money, Friedman said, by charging fees for the services — most about $20.

Oakland County Executive L. Brooks Patterson, who opposes legalizing marijuana, including medical marijuana, urged MediSwipe to be careful.

"If they perform a legitimate service and operate within the confines of the law, there is nothing I can do to stop it," he said.

Michigan isn't the only state the company is operating in — and the national trend toward allowing marijuana for medical use is driving the company's plans to expand, Friedman said.

Friedman said the company is moving to Michigan because of its medical marijuana laws and plans to focus on providing services to patients who use marijuana for medical purposes.

The 4-year-old company also operates in California, Colorado, Massachusetts and New Jersey.

Friedman said he hopes the company will be profitable by the third quarter.

Still, some of what the company wants to do is incumbent on what the Michigan Legislature decides.

A bill recently introduced, for example, seeks to legalize medical marijuana distribution centers. The proposal would let individual communities decide whether to allow such centers — and where they can be located.

But a Michigan Supreme Court ruling was interpreted to ban public facilities that distribute medical marijuana.

"Our whole reason for being is to legitimize the industry — and track transactions," Friedman said.

___

Information from: Detroit Free Press, http://www.freep.com

This is an AP Member Exchange shared by the Detroit Free Press

Read more: http://www.sfgate.com/news/article/Tech-company-looks-to-cash-in-on-medical-pot-laws-4325688.php#ixzz2McxO1DWN

one more article where they announce allready established deals with Michigan dispensaries---

http://www.marketwire.com/press-release/mediswipe-inc-announces-first-michigan-medical-dispensaries-digital-patient-identification-mwip-mwip-1749375.htm

they've spent million$ on press release....mayb they know something we don't....?

MediSwipe Inc. Announces>> First Michigan Medical Dispensaries for Digital Patient Identification, Medical Data Storage and Payment Kiosks

LOS ANGELES, CA--(Marketwire - January 24, 2013) - MediSwipe Inc. (www.MediSwipe.com) (OTCBB: MWIP), a patient security solutions and financial products company for the health care industry, today announced that the Company has >>>reached an agreement with the >>first of >>several medical dispensaries in the Detroit, Michigan area to offer its digital patient identification cards and MediPay kiosks. MediSwipe will provide up to 1,000 digital record cards to patients of the first location within the next six weeks in which patients will have their medical records scanned to an encrypted patient card.

All medical data will be stored with state-of-the-art security and encryption technology to protect users' data. Records are stored on servers which are housed in HIPAA compliant data centers in the USA. Each account is secured by a unique combination of User ID and passwords. In addition to passwords and data encryption, data access will be protected through multiple levels of network security to prevent unauthorized access and to help protect the privacy and integrity of customer data.

Dispensary and pharmacy patients have complete ownership and control of their medical data 24x7x365. This means the patient may always view and manage his or her data at anytime and from any location simply by plugging in the card to any computer or transferring the data to a mobile device. The MediSwipe digital storage application is a secure and user-friendly way to backup and manage your medical records than with the MediSwipe electronic, web-based software and records storage patient ID cards.

"There were many questions why we chose Michigan as a home base rather than Colorado, Washington state or even California. Michigan was the perfect proving ground for our state of the art product lines for this industry and provided all the right elements for success including new and favorable laws as they relate to medicinal marijuana operations and urban atmosphere with high volume of patients seeking alternative cash solutions for payment of medications. The MediSwipe DigitalID cards will allow any operation to scan paper records of any patient in minutes and decrease liability of records being kept on a hard drive and in folders in operation, and allow for real time authentication of a patient through our tablet or kiosk software, which we plan to be released next quarter for a nominal fee. Our MediPay Kiosk will provide a cash in /coupon voucher or payment card out option to reduce cash payment only options for medicine, and provide that service for about the same transaction fee as an ATM", stated B. Michael Freidman for MediSwipe. "This first thousand patients was key, with at least 20 more dispensaries in the general area each with 500 to several thousand patients each, we would hope to have several thousand patients on our digital health management system over the next two quarters," added Freidman.

"Further, with regard to the S-1 filing and effective date for the proposed dividend of 800 Commerce, we have brought in additional legal counsel to complete the second round of comments to the SEC which we hope to have filed within the next week. It is our sincere

belief that with the addition of seasoned counsel and our focused energy on this endeavor, while growing both businesses of MediSwipe and 800 Commerce in their perspective sectors, we are not far away from an effective date and receiving guidance from the SEC on a proposed record date to further reward our loyal shareholders," additionally stated Freidman.

About MediSwipe Inc.

MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides 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 Accounts Receivable Financing.

FORWARD-LOOKING DISCLAIMER

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.

also nice news release today in regards to them being a 'hot' stock pick-->

http://www.hotstocked.com/article/42482/mediswipe-inc-otc-mwip-gains-on-michigan.html

Watch the video to learn about the probability of MediSwipe, Inc. (MWIP) Chart Signal as of Mar 04 2013

The medical marijuana business hype carried over into 2013 and boosted the stock of MediSwipe Inc. (OTC:MWIP, MWIP message board), a company offering databases and dispensary services. The stock jumped more than 49% on Thursday, reminding of itself in the new year and the possibility that its business model may start to bring in more serious revenues.

The last time we looked at MWIP, its price had increased significantly within a few days, outside any visible paid promotions, and seemingly after a series of promising press releases. The latest significant percentage gain followed the news that the company had changed headquarters, and we are yet to see how this will affect the business materially.

The offices moved to Michigan, expecting the state may be next to legalize marijuana.

However, the company still faces the challenge of limited resources and revenues:

$812 cash

$260,911 current liabilities

$246,859 net loss

Along with this, the website cited on the OTC Markets profile is blank and up for grabs, while the online business struggles for users. The old website is functional, though, and indeed offers complete payment service and financing solutions targeted toward the medical industry and with a special emphasis on a system to process medical marijuana disbursements.

The latest promotion in our record is from December 17th and it coincides with a marked spike in the company's graph. It's an unknown compensation promotion, probably free, and it was followed closely by a press release showing the MediSwipe company had secured a significant number of client from payment processing company 800Commerce. MediSwipe also plans to start a share dividend program, distributing pro rata 800Commerce stock to its existing shareholders, thus adding additional interest to its ticker.

The latest promoter for MWIP, Hot Shot Stocks, a pumper with a record of promotions big and small. This time, it only added a bit to the hype for MWIP, but some of its picks are more aggressively promoted tickers. Hot Shot Stocks helped the long and effective pump for Growlife, Inc. (OTC:PHOT), another microcap company trying to benefit from the newly legalized marijuana usage by offering hydroponics growing systems.

The PHOT pump offered much and the ticker still holds up well, though possibly wiping out a significant percentage of its price in regular profit-taking. The MWIP climb may offer similar surprises, so it is best to do your own estimation of acceptable risk before believing outright in the development potential of a business.

associated press--

http://hosted.ap.org/dynamic/stories/M/MI_EXCHANGE_PATIENT_POT_APPS_MIOL-?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

rhode island--

http://hosted2.ap.org/RIPRJ/94df6789960948c2869c5b6429e1fe7d/Article_2013-03-04-Exchange-Patient%20Pot%20Apps/id-412e99a096e84037b5a3c8fddb26b2f6

new York--

http://michiganmedicalmarijuana.org/index.php?app=forums&module=post&section=post&do=edit_post&f=103&t=42669&p=434929&st=

new jersey--

http://www.northjersey.com/news/health/194758251_Tech_company_looks_to_cash_in_on_medical_pot_laws.html?page=2&scpromo=1

Texas article too--

http://www.chron.com/news/article/Tech-company-looks-to-cash-in-on-medical-pot-laws-4325688.php

http://www.beaumontenterprise.com/

Edited March 5, 2013 by purple pimpernel

GregS · March 5, 2013

"...and track transactions."

Private secure storage locker facilities can offer the opportunity to confidentially store registry paperwork without anyone tracking your every move. Transactions are as private as a tenant wishes. If you must have digital registration, it can be stored on a password protected SD card or cloud ap (or for that matter any number of media) and you can control access.

A business that provides storage can also offer to provide application and change forms, copy and mailing services, and engaging with compliant physicians can just as easily be a value added service. An electronic trail? Come on!

There is nothing Patterson could do about this type of operation either, WITH OR WITHOUT the proposed bill.

Edited March 5, 2013 by GregS

GregS · March 5, 2013

Do we sit back and watch Korporate Amerika co-opt the rights and priviledges we worked hard to achieve? Is it not better to keep things within the patient community and run them as small business ventures that we can operate at lower cost than Mediswipe, a company that plans to move in on Michgan, and dispensary profiteers? We can keep the best the law has to offer on our terms, rather than giving it up to high costs. The benefits can continue to derive to the community to which they matter most, and many of us can prosper.

purple pimpernel · March 5, 2013

-------->>Do we sit back and watch Korporate Amerika co-opt the rights and priviledges we worked hard to achieve?

----->>Is it not better to keep things within the patient community............

........We can keep the best the law has to offer on our terms.......yea right-

too late!!

---the protest portion of the movie is over--

....did u miss it?

^^^^get a bag of popcorn--

and get ready to choke on some......

---->>no protesting here....level 3risk orange alert....

write a letter or something ..

---there's some things the pt community gets....for the moment-

but don't $hare any of those unless you go thru a dispensary

now looks like we will have a 'business' comm...

everything's in place.....

the shows about to start.....

just gotta have sum popcorn and watch that bill get 'pushed' thru.....

--enjoy!

....watch for the twist in the plot where they let jones adjust it a bit for the prairie mine co-

remember ...?...

(the ones producing all of 'health canadas mmj now)----

...the pharmaceutical bill we all got to 'peek' at-

---they gotta get $ome of that language in there--

storage locker........??.........pffffft! wer yur head @mon?? wat yer thinkn--

be glad if u can still gro ur own by next couple seasons......and not b regulated out

remember Colorado had over 1000dispensaries in 2010....two yrs regulation later....675

wat??....u don't like corp produced mmj--products?

chewing gum

nasal spray

patches

soft drinks

topicals

edibles

pre-rolled govt cans

eye drops

suppositories

vending machines.......?

---there no high co$t mon--the corporations have spent years working this bunny muffin out

--------------------------------------------------------------------------------------------------------------->>smokers.....? pffffft! again-

Edited March 5, 2013 by purple pimpernel

SFC · March 5, 2013

Only question is "how many are willing to sell out?" Some of us have screamed bloody murder that this is the kind of crap coming at us. We were called bullies, divisive, idiots, etc.. But you want dispensaries so you will get them....

Restorium2 · March 5, 2013

So mediwipe stores all patients' data and medical records in nice tidy database in cyberspace. I bet the feds have a link already. Didn't the feds already confiscate their vending machines in Michigan? It seems the hype was a little badly timed. Sharks need to wait until the tide comes in to eat. Feds will be eating shark steak for dinner again.

bobandtorey · March 5, 2013

http://michiganmedicalmarijuana.org/index.php?showtopic=42449&view=&hl=&fromsearch=1

Restorium2 · March 5, 2013

Well, the vending machines in the Upper Peninsula were confiscated last week by the drug task force.

*shrug*

Well at least the ones in Menominee and Iron Mountain. I was told they were heading to escanaba and Marquette as well, but i cannot prove that first hand.

So,... yea,... vending machines. Heh.

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Mediswipe Wants To Cash In On Marijuana Laws Mar. 4, 2013 4:00 Pm---Lsj

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