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Mutual Merchant Services Announces an Explosive 30% Increase in Processing Volume Monday November 24, 10:30 am ET
THOUSAND OAKS, CA--(MARKET WIRE)--Nov 24, 2008 -- Mutual Merchant Services (Other OTC:MUTM.PK - News) (German WKN# A0Q8CV) today announced that its current annual processing volume run rate of $88.5 million represents a robust 30% increase over January 2008.
"While the total number of merchants who have chosen Mutual Merchant Services as their credit card processor has increased by 11% over the same period of time, it is significant that average volume per account has increased by 16%," said Melody Higginbotham, Controller.
MUTM has added several key Independent Sales Offices (ISOs) in the past month and it appears that these new ISOs will be bringing in several large accounts this month. Mutual Merchant Services also is in discussion with several other groups on the East and West Coasts that would further add to the aggressive growth that is currently being realized.
"This stellar performance is indicative of our industry expertise and ability to deliver a complete suite of first class financial services while significantly reducing our merchants' per transaction expense," said Gil Gillis, CEO of Mutual Merchant Services. "We are not a bank nor are we a credit card company and, as such, we are not subject to the difficulties currently plaguing those industries. I am very proud of our team and their ability to aggressively grow our company during this current economic climate. I expect this growth to not only continue, but to accelerate," Gillis added.
About Mutual Merchant Services
Mutual Merchant Services is a single source provider of financial services, offering a variety of products and services to merchants, financial institutions, and banks. Services offered include credit and debit card acceptance, check guarantee, check verification, check conversion, check 21, advance funding, ACH check processing, prepaid and bill pay services. Mutual Merchant Services also provides point of sale software, hardware, and e-commerce products.
Forward-Looking Statements
This release includes "forward-looking statements" from the Company that may or may not materialize and recipients are cautioned not to place undue reliance upon them. These forward-looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
Contact:
For Investor Relations: Integrated Capital Partners, Inc. + 908-204-0004 Email Contact
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MoneyTV, Week of 11/28 Friday November 28, 5:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Nov 28, 2008 -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by anchor Donald Baillargeon with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info*moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
Mutual Merchant Services, Inc. (Other OTC:MUTM.PK - News) CEO Gil Gillis announced the company has set a goal of $200 million in transaction processing in 2009.
Imaging3, Inc. (OTC BB:IMGG.OB - News) CEO Dean Janes discussed the FDA approval process for the company's medical imaging product.
OriginOil, Inc. (OTC BB:OOIL.OB - News) CEO Riggs Eckelberry envisioned a future growing oil above the ground.
EESTech, Inc. CEO Murray Bailey detailed using waste methane gas as an energy source.
Cord Blood America, Inc. (OTC BB:CBAI.OB - News) CEO Matthew Schissler speculated how the incoming administration's policies may affect the company's business.
Seamless Corporation CEO Al Reda showed off the company's newest product.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.
MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM, on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM and is also available in Thailand on the Broad TV Network. The program airs eight times per week in the 21 Caribbean Territories on CaribVision Network.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net
MoneyTV Executive Producer and Anchor Don Baillargeon is also the host of MoneyRap Radio, heard weekly on the Business Talk Radio Network. For more information, visit http://www.moneyrap.com
MoneyTV television program, Copyright MMVIII, all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producers, publisher or parent company of MoneyTV.
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Three New Contracts Boost Mutual Merchant Services' Processing Volume by an Additional 23% to $108 Million Annually Monday December 1, 7:30 am ET
THOUSAND OAKS, CA--(MARKET WIRE)--Dec 1, 2008 -- Mutual Merchant Services (Other OTC:MUTM.PK - News) (German WKN# A0Q8CV) is pleased to announced that that three new merchant accounts have been added to the Company's portfolio that will contribute as much as $20 million to annual processing over the next twelve months.
"These three new contracts increase Mutual Merchant Services' total processing portfolio by 23% to $108 million annually," said Melody Higginbotham, Controller.
"This new business is a direct result of the strategic marketing alliance that Mutual Merchant Services formed with Zion Systems, LTD to provide mobile market credit card processing services to Christian organizations and businesses nationwide," said Gil Gillis, CEO and Chairman of the Board of Directors. "I look forward to continued growth in the Company's business as we continue to form similar strategic alliances in different market niches. Our next target is the personal training and physical therapy market. I am personally dedicated to this market sector as a result of my partnership with Patrick Rummerfeld, Director of Development for the Kennedy Krieger Institute's International Center for Spinal Cord Injury," he added.
Gil, a long time auto racer, uses his land speed record holder, the Xtreme Freedom Special, as a marketing tool to raise awareness and funds for the Center. The Center is affiliated with Johns Hopkins and is located next door to the famed care center in Baltimore, Md.
About Mutual Merchant Services
Mutual Merchant Services is a single source provider of financial services, offering a variety of products and services to merchants, financial institutions, and banks. Services offered include credit and debit card acceptance, check guarantee, check verification, check conversion, check 21, advance funding, ACH check processing, prepaid and bill pay services. Mutual Merchant Services also provides point of sale software, hardware, and e-commerce products.
Forward-Looking Statements
This release includes "forward-looking statements" from the Company that may or may not materialize and recipients are cautioned not to place undue reliance upon them. These forward-looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
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