Jaffarian Volvo Toyota Chooses MerchantOnline to Handle Online Transactions

    Business Editors/High-Tech & Automotive Writers

    BOCA RATON, Fla.--Jan. 24, 2001--MerchantOnline (OTCBB:MRTO), a provider of secure credit card and debit card processing for Internet e-tailers, announced today that Jaffarian Volvo Toyota, New England's oldest Volvo and Toyota dealer, chose MerchantOnline to handle all their transactions on their newly launched websites, Toyotapartsworld.com and Volvopartsworld.com, which will deliver genuine Toyota and Volvo parts directly to customers at wholesale prices.
    Paul Jaffarian, vice president, said that: "We expect to generate additional revenues of $40,000 per month in parts sales in the first year and believe that this number will increase in the future. Using MerchantOnline's gateway shopping cart was the most cost effective after comparing prices with the competition. Both sites are PC Pay enabled, which we feel is a tremendous security advantage for all our customers." He also said that, "Jaffarian will be doing an e-mail blast to over 30,000 potential new customers and we are happy that we are using MerchantOnline to handle all of these new transactions in a secure environment."
    Tarek Kirschen, president of MerchantOnline, stated that, "This is another example of merchants using our technology to enhance their business." He added that, "MerchantOnline receives fees for each transaction it processes for this and all other merchant using its services."

About Jaffarian Volvo Toyota
    Jaffarian Volvo Toyota is a family run business for over 50 years & three generations. They are the largest volume Toyota and Volvo parts dealer in New England. Please contact them or visit Toyotapartsworld.com, Volvopartsworld.com or call 800-323-6805.

About MerchantOnline
    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. For More information see www.MerchantOnline.com.

    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 filings with the Securities and Exchange Commission.