MediSwipe, Inc. Announces Initiation of $500,000 Credit Facility to Colorado Based Canna-Business for Agricultural Equipment,...
06 3월 2014 - 10:30PM
Marketwired
MediSwipe, Inc. Announces Initiation of $500,000 Credit Facility to
Colorado Based Canna-Business for Agricultural Equipment, Retail
and Recreational Approved Properties Zoned for Sale and Cultivation
LOS ANGELES,
CA--(Marketwired - March 06, 2014) - MediSwipe,
Inc. (www.MediSwipe.com) (OTCQB:
MWIP), the leader in Compassionate Care Technology Solutions
and products for the medicinal marijuana industry, today announced
the initiation of up to a $500,000 credit facility to fund a broad
range of cost-effective and flexible equipment leasing, real estate
lease purchase agreements and financing programs for licensed
retail, recreational and grow operations within the state of
Colorado. The innovative financing concept will quickly allow
qualified licensed individuals and existing operations to
participate in a revolving credit line to purchase heavy
agricultural equipment including lighting, CO2 and hydrocarbon
extractors, real estate property and acreage zoned for the
regulated cannabis industry. The flexible and easy access business
loans will eliminate much of the red tape of traditional bank
financing. The Company is presently in negotiation with its' first
two properties within the state of Colorado.
"Even with the recent announcement of easing on existing
traditional banking rules for these type of businesses, the
hurdles in obtaining a traditional business loan for expansion,
purchase of new properties, or purchasing costly industrial
equipment is an in depth and lengthy process. We intend to
streamline the lending process and have committed up to $500,000
for this program to provide easy access to capital for
canna-businesses with minimal down payments and terms amortized up
to sixty (60) months to fund hydroponic, agricultural and
extraction equipment. The funds will additionally be used to
guarantee leases of legally zoned warehouse space, retail
locations, acreage and manufacturing operations in which MediSwipe
will in turn sublease to licensed operators and cultivation
professionals. MediSwipe expects to receive rents, management and
consulting fees along with monthly payments from equipment lease
buyout agreements at reasonable interest rates. Based on the
success of the program, we have considerable funding available to
us through our investment banking and institutional partners to
ensure the national roll out of this program in all legal
jurisdictions," stated B. Michael Friedman, CEO of MediSwipe.
About MediSwipe, Inc.MediSwipe, Inc. (www.MediSwipe.com)
provides innovative patient solutions and is the leader in
Compassionate Care Technology for the medicinal marijuana industry.
MediSwipe provides terminal-based service packages and integrated
Web Portal add-ons for physicians, clinics, hospitals and medical
dispensaries that include: digital patient records, Electronic
Referrals, Credit/Debit Card merchant services, and health and
wellness product lines including beverages, vaporizers and
accessories. MediSwipe does not directly grow, harvest, or
distribute or sell cannabis or any substances that violate United
States law or the Controlled Substances Act, nor does it intend to
do so in the future.
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.
Contact:MediSwipe,
Inc. 248.262.6850www.MediSwipe.cominfo@mediSwipe.com
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