Merchant Warehouse Cites Tremendous Growth in Merchant Account Business

Business Wire, Sept 5, 2007

BOSTON -- Merchant Warehouse, a Boston-based provider of merchant accounts and credit card equipment, today announced significant sales growth for its merchant account business over the past quarter. Comparing year-over-year results, merchant account sales in June, July and August 2007 grew by an average of 65 percent, including an amazing 84 percent increase in July.

Month-to-month merchant account growth for June - August is as follows:

* June 2006-2007 - From 938 to 1,367 -- an increase of 46 percent

* July 2006-2007 - From 760 to 1,399 -- an increase of 84 percent

* August 2006-2007 - From 1,002 to 1,650 -- an increase of 65 percent

Merchant Warehouse attributes the phenomenal growth, in part, to its business model which emphasizes customer service and a strong presence on the Internet through its website, www.merchantwarehouse.com.

The company was the first to offer a full suite of credit card processing services and equipment on the Internet in 1998. This approach enabled businesses to obtain these products and services well below the average cost by cutting out several intermediaries in the sales process. That approach has helped re-shape the industry and has earned Merchant Warehouse one of the best reputations in the credit card processing business.

"Growing acceptance of credit card payments, along with the trend of businesses increasingly using the Web to source suppliers, continues to increase our market share. Merchant Warehouse strives to lead in innovative solutions to meet the merchants' needs," said Henry Helgeson, President of Merchant Warehouse. "Our credibility, dedicated in-house sales and support staffs, and competitive prices make us a great choice for merchants in a highly commoditized industry."

About Merchant Warehouse

Merchant Warehouse was founded in 1998 on the principle that businesses should be able to purchase credit card processing software, POS equipment, and merchant services at a reasonable price. With over 50,000 merchants, Merchant Warehouse now sets the standard for price, innovation, customer service, and integrity. For more information, please visit www.MerchantWarehouse.com. For information on the Merchant Warehouse agent and ISO network, please call (800) 491-4580.