Monday, July 23, 2012

MWIP - Making A Move Off It's Lows



MWIP made a nice move today closing up 50% at $.0021.  The stock looks to have put in a solid bottom and is beginning to move higher off of it.  The stock sits right at its 50DMA and a break of that would put the  $.0036 200DMA into focus.  After such a drawn out decline I think there is a good chance of a sharp rally for MWIP.  Whether or not its sustainable is another question.  When trading penny stocks that are near their all time lows, all a trader needs to worry about is selling for a profit.  I think MWIP will provide the profit over the coming days.


MWIP's latest news from July 3rd:



MediSwipe Inc. Completes Definitive Agreement With SweetMD Inc. for Acquisition of Online Healthcare Portal www.SweetMD.com

LOS ANGELES, Jul 3, 2012 (GlobeNewswire via COMTEX) -- MediSwipe Inc. (www.MediSwipe.com) (OTCBB:MWIP), a merchant payment solutions and financial products company for the medical health care industry, today announced that the Company has signed and completed the definitive agreement to acquire certain assets of SweetMD Inc., (www.SweetMD.com), a unique telemedicine and online healthcare platform portal based in Las Vegas, NV. MediSwipe currently expects the transaction to close by July 30, 2012, after satisfaction of customary closing conditions. The Company's Board of Directors has voted unanimously in favor of the share exchange and definitive agreement to acquire all assets of SweetMD, and has entered into a voting agreement with the management of SweetMD in support of the transaction. Specific terms of the transaction, which is subject to majority shareholder approval and various other closing conditions, will be disclosed in the MediSwipe SEC filings.
"I am very pleased to announce this acquisition of SweetMD.com in light of the recent vote and Supreme Court's decision regarding the future of healthcare for those Americans seeking viable and affordable options. We believe that our strategic plan for SweetMD.com as a model and aggregator of virtual healthcare services, will allow easy access to healthcare options for millions of Americans for which coverage is now mandated by our government, at a low cost to individual patients and their families", stated B. Michael Friedman, CEO of MediSwipe Inc.
"We truly believe that this online healthcare platform represents the ideal and affordable model of healthcare for the 21st century. Our services include telehealth, allowing patients the opportunity to speak to physicians via video online, discounts on office visits and name brand prescriptions, as well as personal health records for family members. This partnership will now allow both SweetMD and MediSwipe to offer consumers a complete healthcare solution utilizing our large network of providers and facilities at an affordable price, that will generate meaningful revenues and create long term value for our shareholders," stated Erick Rodriguez, President of MediSwipe Inc.

2 comments:

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