Commerce Online Inc. (OTCBB: CMIB) the front running company specializing in both brick-and-mortar and online merchant payment solutions, recently announced that the Company has been listed on the NASDAQ Over the Counter Bulletin Board market for trading effective as of January 26th. The Company will continue to trade under the symbol CMIB.
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"We are extremely pleased that we have moved up on the listing ladder to the OTC BB from the pink sheets," stated Kyle Gotshalk, CEO and President of Commerce Online. "Although we maintained the highest listing level possible for our company on the pink sheets, it was important to have taken the next step to increase the Company's exposure to both investors and market makers, as well as provide a high level of liquidity for both shareholders and institutions bringing an added credibility to our common stock," continued Mr. Gotshalk. "This move to the OTC BB is a testament to the team effort here at Commerce Online, that we are committed to the future success of this Company for all stockholders and our employees. This further level of transparency to institutions and the investing public will only increase our visibility within our industry as a leading niche payment solutions company focusing within the medical sector," stated Company founder, Michael Friedman.
Commerce Online Inc is positioned to become a market leader in both online and wireless merchant payment solutions. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, through its Collective Card Services Division, Commerce Online offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. Commerce Online will seek to capitalize on this presently untapped and much needed solution, and presently provides services to multiple locations throughout California, with new clients seeking merchant services in New Mexico, Denver and Montana.
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