Mutual Merchant Services Announces an Explosive 30 Increase in Processing Volume

Mutual Merchant Services (PINKSHEETS: MUTM) (German WKN# A0Q8CV) today announced that its current annualprocessing volume run rate of $88.5 million represents a robust 30%increase over January 2008.
"While the total number of merchants who have chosen Mutual MerchantServices as their credit card processor has increased by 11% over the sameperiod of time, it is significant that average volume per account hasincreased by 16%," said Melody Higginbotham, Controller.

MUTM has added several key Independent Sales Offices (ISOs) in the pastmonth and it appears that these new ISOs will be bringing in several largeaccounts this month. Mutual Merchant Services also is in discussion withseveral other groups on the East and West Coasts that would further add tothe aggressive growth that is currently being realized.

"This stellar performance is indicative of our industry expertise andability to deliver a complete suite of first class financial services whilesignificantly reducing our merchants' per transaction expense," said GilGillis, CEO of Mutual Merchant Services. "We are not a bank nor are we acredit card company and, as such, we are not subject to the difficultiescurrently plaguing those industries. I am very proud of our team and theirability to aggressively grow our company during this current economicclimate. I expect this growth to not only continue, but to accelerate,"Gillis added.

About Mutual Merchant Services

Mutual Merchant Services is a single source provider of financial services,offering a variety of products and services to merchants, financialinstitutions, and banks. Services offered include credit and debit cardacceptance, check guarantee, check verification, check conversion, check21, advance funding, ACH check processing, prepaid and bill pay services.Mutual Merchant Services also provides point of sale software, hardware,and e-commerce products.

Forward-Looking Statements

This release includes "forward-looking statements" from the Company thatmay or may not materialize and recipients are cautioned not to place unduereliance upon them. These forward-looking statements are subject to anumber of known and unknown risks and uncertainties outside of our controlthat could cause actual operations or results to differ materially fromthose anticipated. It is important to note that actual results coulddiffer materially from those in such "forward-looking statements" and"forward-looking statements" are inherently subject to risks anduncertainties. We assume no obligation to update any written or oralforward-looking statement made by us or on our behalf as a result of newinformation, future events or other factors.

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Mutual Merchant Services Announces an Explosive 30 Increase in Processing Volume