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Commerce Online Announces Agreement With RedFin Network For Medical Marijuana Dispensary Pre-Paid Loyalty Card Program
Date:11/12/2009

PALM BEACH, Fla., Nov. 12 /PRNewswire-FirstCall/ -- Commerce Online Inc. (Pink Sheets: CMIB) (www.commerceonlineinc.com), a leading company specializing in both bricks and mortar and online merchant payment solutions, today announced its agreement and strategic partnership with RedFin Network, Inc. (www.redfinnet.com), a wholly owned subsidiary of Secured Financial Network Inc. (OTC Bulletin Board: SFNL), to launch its branded, pre-paid loyalty and ID card for licensed medical marijuana dispensaries and collectives operating within the states of California and Colorado.

In an effort to keep these collectives within the guidelines of CA Proposition 215 and SB 420, the Commerce pre-paid stored value and loyalty card will offer a unique cash alternative to these regulated dispensaries for both suppliers and members of collectives. Under new legal guidelines to be issued by the Obama administration, no longer seeking prosecution of medical marijuana users or suppliers as long as they conform to state laws, Commerce Online and RedFin Network will seek to capitalize on this presently untapped and much needed solution.

"We expect to start installing our first card systems later this month," stated Michael Friedman for Commerce Online. Fourteen states presently allow some use of marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maine, Maryland, Michigan, Montana, Nevada, New Mexico, Oregon, Rhode Island, Vermont and Washington. California is unique among those for the widespread presence of dispensaries - businesses that sell marijuana and even advertise their services. According to a recent Fortune Magazine article, there are an estimated 300,000 to 400,000 medical marijuana
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SOURCE Commerce Online Inc.
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