SACRAMENTO, CA--(Marketwire - May 15, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive alternative payment solutions to credit cards for ecommerce and point-of sale, is pleased to inform its shareholders that it has processed approximately 600,000 transactions valued at over $16 million since its launch in late 2007.
Furthermore, the Company is experiencing quarter to quarter revenue growth, and expects this trend to continue as it ramps up launches with its previously announced clients and partners.
New partners announced last quarter included TransFirst, AE Checking, IP Commerce and National Cash Management Systems.
The Company also announced a number of new customers including Tele Tek Solutions, Xziex, Allow Card of America, Forever Living Products, Tonermax.com, Royal Settlement Services, MySolitaire.com, Bowlingball.com, and Dazadi.com. Some of these were in partnership with CardinalCommerce who became a value-added reseller of MyECheck in late 2007.
The Company also recently announced that it had partnered with San Diego-based Secure Payment Systems ("SPS") for check authorization and check guarantee services. The combined MyECheck SPS solution enables MyECheck merchants to ship the same day with confidence that they will be paid, even if their customer's check bounces.
Ed Starrs, CEO of MyECheck, commented, "MyECheck has experienced
About MyECheck
MyECheck Inc. is a leading provider of comprehensive alternative payment solutions to credit cards for brick & mortar, internet, and intranet commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patented RCC solution provides merchants with financial access to more consumers than any other single payment method, allowing the fastest, safest and most convenient way to process electronic payments from customers.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission. |
