Merchant Warehouse Ranked Among Fastest Growing Companies in North America on Deloitte's 2010 Technology Fast 500

Company attributes its 298 percent revenue growth to knowledgeable employees, innovative solutions

Merchant Warehouse , a premier provider of merchant services and credit card processing solutions, today announced that it was named to the Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009, Merchant Warehouse grew 298 percent during that period.

Henry Helgeson, Merchant Warehouse’s co-chief executive officer, credits a highly trained and knowledgeable sales and support staff, as well as offering fair and competitive merchant services and innovative payment processing solutions that help businesses stay profitable for the company’s revenue growth.

“Being recognized for our accomplishments by Deloitte is an honor for Merchant Warehouse and all its employees,” said Helgeson. “Our employees are passionate about the company and well educated about the solutions we offer. Our solutions allow merchants to securely accept credit and debit card payments, as well as lower the cost of their processing fees. Together, these attributes have enabled us to grow our company. We are very happy to keep company with these other prestigious companies named to this list.”

“Merchant Warehouse and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. "Deloitte commends Merchant Warehouse for this impressive accomplishment.”

For additional details on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com

About Merchant Warehouse
Since 1998, Merchant Warehouse has set the standard for credit card processing by guaranteeing competitive pricing in merchant accounts, software, equipment, and providing dedicated, high quality customer service. Over 80,000 merchants later, the company continues to lead the industry with groundbreaking technology initiatives: MerchantWARE®; BINsmart™; and MerchantWARE Mobile . Merchant Warehouse has been named the ETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 and is a two-time recipient of the Boston Business Journal Pacesetter Award . Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse .

As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact:
Mike Sullivan
PAN Communications
978-474-1900
Merchant@pancomm.com