My ECheck Frequently Asked Questions
Q01: On which exchange is MyECheck traded and what is its ticker symbol?
Q02: When and where was MyECheck incorporated?
Q03: How do I purchase stock in MyECheck?
Q04: Where are MyECheck operations?
Q05: How do I get a copy of the company's financial statements?
Q06: What is MyECheck’s fiscal year?
Q07: Who is MyECheck’s Transfer agent?
Q08: How do I transfer my stock or change my address with the transfer agent?
Q09: Who is MyECheck’s Auditor?
Q10: Does MyECheck pay out dividends?
Q11: Why should I be interested in MyECheck?
A01: MyECheck Inc.is quoted on the NASD (National Association of Security Dealers) Over-the-counter under the symbol MYEC.OB.
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A02: MyECheck is a Nevada, USA registered corporation, and was founded in 2004.
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A03: The company's common stock is available for purchase through a registered stockbroker.
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A04: MyECheck Headquarters are in Sacramento, California. Check Contact for more Information.
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A05: Financial reports and other reports are available for viewing on this web site in the Filings section, or by visiting the OTCBB.com online website. Audited financial reports are available quarterly.
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A06: MyECheck’s fiscal year is December 31st.
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A07: MyECheck’s transfer agent is Signature Stock Transfer, Inc.
2301 Ohio Drive, Suite 100, Plano, TX 75093.
1.972.612.4120 tel
1.972.612.4122 fax
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A08: MyECheck’s transfer agent is Signature Stock Transfer, Inc.
2301 Ohio Drive, Suite 100, Plano, TX 75093.
1.972.612.4120 tel
1.972.612.4122 fax
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A09: MyECheck’s auditors are Berman and Company - contact at 20283 State Road 7, Suite 300,Boca Raton, Florida 33498
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A10: At this time the company does not pay out dividends.
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A11: Some reasons why MyECheck may interest you.
1. Electronic processing companies such as MYEC are doing better than S & P 500 index!
According to Barrington Research, in May 2008, a select group of electronic-transaction processors recorded their second consecutive month in May of positive price performance with a mean return of 4.47%; greater than both the S&P 500 Index and the Dow Jones Industrial Average at 1% and minus-1.4%, respectively.
2. eCommerce is growing by over 14% this year
US retail e-commerce sales (excluding travel) will reach $146 billion in 2008, up 14.3% over 2007.
3. MyECheck (MYEC) has the best products in the industry
MyECheck (MYEC) is signing up more and more merchants and partners every day, as they realize the value of being able to use the proprietary system to increase their profit margins.
4. Company is first to market
MyECheck is the first to market with this type of service in the multi-trillion dollar paper check image processing industry and has a head start on anyone else.
5. MyECheck's (MYEC) products are Patented.
MyECheck now has the intellectual property rights to secure their system of eCheck software throughout the industry. Not only is the company the first to market with an online Check 21 solution; it has now staved off competitors opening up third-party licensing possibilities. As the most viable alternative payment method, MyECheck’s system provides merchants with access to more customers at a much lower cost than card processing.
6. Checking is the #1 form of payment and is growing
According to the Federal Reserve’s 2007 study of noncash payments, Check Payments in the United States in 2006 were valued at $41.7 trillion, with Debit Cards Payments valued at $1.0 trillion and Credit Cards Payments valued at $2.1 trillion.
7. MyECheck (MYEC) already had established customer base and is generating revenues
MyECheck (MYEC) clients and partners include First Regional Bank, Cardinal Commerce, Transfirst, Secure Payment Systems, AE Checking, CheckGateWay, AspDotNetStorefront, IP Commerce, National Cash Management Systems, Forever Living Products, Simon Property Group, Forever Living Products, EverPay, and Symmetry Direct.
Note to readers:
The content contained herein is not intended to be and is not an advertisement for MyECheck Inc. Statements made that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements regarding the company's expectations, objectives, anticipations, plans, hopes, beliefs, intentions, or strategies regarding the future. Such forward-looking statements include those relating to strengths of the Company’s financial results, business model and e-commerce market; growth rate and momentum of the company's international business; discussion with new partners; entering into new and emerging payment markets; health of the worldwide e-commerce market growth; factors that provide insulation to the e-commerce market generally; and the company specifically from economic downturn in the U.S.; financial guidance including without limitations, those regarding revenue, transaction volume, gross profits, operating expenses, net income, earnings per share, deferred tax assets, and cash balance. These statements are subject to risks and uncertainties including, but not limited to the following; changes in customer requirements; potential financial risks; changes in general economic conditions and e-commerce, in particular; changes in legal requirements and litigation arising from time to time; unforeseen technical difficulties relating to the Internet in general or our technology in particular; potential systems failures including, without limitation, disruptions intentionally caused by third parties and the intense competition in our industry and the need for rapid technological change associated with such competition. Readers are referred to the documents filed by MyECheck Inc. with the SEC, which include these and other certain important risk factors before investing, and to undertake any investment decision at their own judgment and responsibility.
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