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.