Mediswipe Inc. (MWIP) signs private label agreement, shares gain

Mediswipe Inc. (OTCBB: MWIP) shares plowed ahead 16.7% to one cent Wednesday, on word of a new private label agreement. Volume for the stock measured 226,000 shares, still trailing its daily average of 1.5 million.

A news release dated August 10 noted that the Los Angeles-based MediSwipe Inc., a leading company specializing in merchant payment solutions and financial products for the medical health care industries and mobile payment industry, today announced that the company has entered into an agreement with MMRGlobal Inc., a provider of Personal Health Records (PHRs) through its MyMedicalRecords.com portal and electronic document management systems for healthcare professionals to private label personal health records to tens of thousands of patients through MediSwipe pharmacies, wellness and medical centers. The private label agreement will allow MediSwipe to market a version of the secure and easy-to-use PHR under the brand MediSecurePlus™.

The release quoted Mediswipe CEO Michael Friedman as saying, “The agreement with MMRGlobal will enable us to offer secure online personal health records to our clients and their patients starting next month.

“This agreement demonstrates how MediSwipe is striving to stay ahead of the curve in eHealth services and payment processing solutions which we believe will add a significant opportunity and revenue stream to our clients and company. MyMedicalRecords.com is proven, tested and secure, and has been used by thousands of patients.”

MediSwipe, Inc. offers a full spectrum of secure and reliable transaction processing and security solutions for the medical and healthcare industries, using traditional, Internet Point-of-Sale, e-commerce and mobile (wireless) payment solutions.

You On Demand Inc. (CBBD) strikes deal with Warner, stock shoots up

You On Demand Inc. (OTCBB: CBBD) shares skyrocketed 17.4% Wednesday to 11.5 cents, a day after signing a new deal with Warner Bros. Volume for the stock topped 10.1 million shares in late Wednesday trading, in contrast with just over a 888,000-share daily average.

A Reuters story Tuesday noted that the Shanghai-based company has agreed with Warner Bros Entertainment’s local joint venture to offer pay per view movies on its newly launched online paid content platform, Youku said on Tuesday.

Under a three-year agreement with Warner Bros, Youku will add 400 to 450 Warner Bros movies to its Youku Premium library.

“People are increasingly willing to pay for high-quality content, and we take the growth of Youku Premium as a sign that the market is improving for paid services,” Dele Liu, Youku’s Chief Financial Officer, was quoted as saying in the Reuters piece.

Youku Premium, officially launched on Tuesday, began beta testing in October 2010. Since then, the service has processed 200,000 paid transactions for its library of more than 300 movies and 3,880 educational programs.