- Sets Stage for Trading on OTC Bulletin Board Shortly -
SCOTTSDALE, Ariz., Sept. 24 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (OTC Bulletin Board: EMED) announced today that the U.S. Securities and Exchange Commission has declared effective the Form SB2 registration statement submitted by Card Activation Technologies, Inc. As a result of the effectiveness, Card Activation Technologies is in the process of completing its Form 211 application, as filed with the NASD, for a listing of the shares to be traded on the OTC Bulletin Board.
Card Activation Technologies, Inc. is a Chicago-based company that owns a patent covering technology currently used in processing debit cards, gift cards and phone cards. The company believes that many current businesses, including major retailers, phone companies, supermarkets, convenience stores, gas stations and others, are infringing its patent. The company is and will be aggressively pursuing litigation against those infringers. According to a study by the Federal Reserve Bank of Philadelphia in March 2007, prepaid cards accounted for $181.7 billion in transactions in 2006, and is one of the fastest growing payment systems.
MedCom USA, Inc. provides innovative healthcare and financial transaction solutions for electronically processing HIPAA compliant transactions within the healthcare industry. MedCom USA provides a Web Portal based service package for physicians, clinics, hospitals and dentists that include the following services: Real-time transactions including: Patient Eligibility, Claims Status, Claims Processing, Patient Easy Pay, Credit/Debit Cards, and Check Guarantee. Visit http://www.medcomusa.com for more information.
Certain matters discussed within this press release are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Although MedCom USA management believes the expectations
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