MerchantOnline.com Announces Senior Management Changes

Apr 30, 2001, 01:00 ET from MerchantOnline

    BOCA RATON, Fla., April 30 /PRNewswire/ --
 MerchantOnline (OTC Bulletin Board:   MRTO), a provider of secure transaction
 networks and devices for credit cards and debit cards, announced a
 restructuring of its senior management.  The company appointed former Visa
 U.S.A. Inc. senior vice president James Degracia as its Chief Executive
 Officer and President.  While at Visa, Degracia was responsible for all
 e-commerce activities in the US Region.  Degracia joined MerchantOnline's
 board as a director last year.  Robert Hausman, formerly the MerchantOnline
 Chief Administrative Officer, is now Chief Operating Officer.  Mr. Hausman's
 previous position was one of several executive positions eliminated.  Founder
 Tarek Kirschen resigned as Chairman, CEO, President and Director.
     Degracia was a senior vice president with Visa U.S.A. Inc. in 1998-1999
 where he initially developed smart card strategies and programs before
 becoming responsible for all e-commerce activities.  In the last year,
 Degracia consulted for several young technology companies.  Most recently, he
 developed the marketing and business integration capabilities for UNX, Inc.,
 an online broker/dealer that is a market leader in advanced securities trading
 capabilities for institutional traders.  Prior to joining Visa, Degracia was
 vice president and technology leader for American Express where he worked with
 businesses to find applications for secure e-commerce technology and multi-
 application smart cards.  Degracia was vice president and director in various
 marketing roles with Household Credit Services in Salinas, California, from
 1990 to 1996, and he was product manager with Discover Card Services in
 Riverwoods, Illinois, from 1987 to 1990.  He earned his B.S. in Business
 Administration from the University of Southern California.
 
     About MerchantOnline.com
     Founded in December 1997, MerchantOnline provides a secure transaction
 network that enables business and consumers to use one payment system for both
 their real world and virtual world needs utilizing credit card, ATM/debit
 cards and other payment programs.  Except for historical matters, the matters
 in this press release are forward-looking statements and are made pursuant to
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  The forward-looking statements reflect assumptions and involve risks
 and uncertainties which might affect the Company's business and prospects and
 cause actual results to differ materially from these forward-looking
 statements.  Investors are cautioned that all forward-looking statements
 involve risk and uncertainties, including those risk and uncertainties
 detailed in the Company's Quarterly Report on Form 10-QSB for the quarter
 ended January 31, 2001 filed with the SEC.
 
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SOURCE MerchantOnline
    BOCA RATON, Fla., April 30 /PRNewswire/ --
 MerchantOnline (OTC Bulletin Board:   MRTO), a provider of secure transaction
 networks and devices for credit cards and debit cards, announced a
 restructuring of its senior management.  The company appointed former Visa
 U.S.A. Inc. senior vice president James Degracia as its Chief Executive
 Officer and President.  While at Visa, Degracia was responsible for all
 e-commerce activities in the US Region.  Degracia joined MerchantOnline's
 board as a director last year.  Robert Hausman, formerly the MerchantOnline
 Chief Administrative Officer, is now Chief Operating Officer.  Mr. Hausman's
 previous position was one of several executive positions eliminated.  Founder
 Tarek Kirschen resigned as Chairman, CEO, President and Director.
     Degracia was a senior vice president with Visa U.S.A. Inc. in 1998-1999
 where he initially developed smart card strategies and programs before
 becoming responsible for all e-commerce activities.  In the last year,
 Degracia consulted for several young technology companies.  Most recently, he
 developed the marketing and business integration capabilities for UNX, Inc.,
 an online broker/dealer that is a market leader in advanced securities trading
 capabilities for institutional traders.  Prior to joining Visa, Degracia was
 vice president and technology leader for American Express where he worked with
 businesses to find applications for secure e-commerce technology and multi-
 application smart cards.  Degracia was vice president and director in various
 marketing roles with Household Credit Services in Salinas, California, from
 1990 to 1996, and he was product manager with Discover Card Services in
 Riverwoods, Illinois, from 1987 to 1990.  He earned his B.S. in Business
 Administration from the University of Southern California.
 
     About MerchantOnline.com
     Founded in December 1997, MerchantOnline provides a secure transaction
 network that enables business and consumers to use one payment system for both
 their real world and virtual world needs utilizing credit card, ATM/debit
 cards and other payment programs.  Except for historical matters, the matters
 in this press release are forward-looking statements and are made pursuant to
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  The forward-looking statements reflect assumptions and involve risks
 and uncertainties which might affect the Company's business and prospects and
 cause actual results to differ materially from these forward-looking
 statements.  Investors are cautioned that all forward-looking statements
 involve risk and uncertainties, including those risk and uncertainties
 detailed in the Company's Quarterly Report on Form 10-QSB for the quarter
 ended January 31, 2001 filed with the SEC.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X93854165
 
 SOURCE  MerchantOnline