MerchantOnline.com, Inc. (OTC: MRTO) rose 1 3/4 to 17 3/4 in early trading today after the company said it would split its stock 2 for 1.
Shareholders of record May 1st will receive the new shares May 22nd, the company said. “We have made significant strides in implementing our strategy to grow MRTO through operational excellence and strategic acquisitions,” said President and Chief Executive Officer Tarek Kirschen. “These achievements are being recognized in our stock price.”
MerchantOnline, based in Boca Raton, Florida, provides credit-and debit-card processing services for Internet retailers.