Tue, May 26, 2009
Mon, May 25, 2009
Fri, May 22, 2009
Thu, May 21, 2009
Wed, May 20, 2009
Tue, May 19, 2009
Mon, May 18, 2009
Fri, May 15, 2009
Thu, May 14, 2009
Wed, May 13, 2009
Tue, May 12, 2009
Mon, May 11, 2009
Fri, May 8, 2009
Thu, May 7, 2009
Wed, May 6, 2009
Thu, April 16, 2009
Wed, April 15, 2009
Tue, April 14, 2009
Mon, April 13, 2009
Thu, April 9, 2009
Wed, April 8, 2009
Tue, April 7, 2009
Mon, April 6, 2009
Fri, April 3, 2009
Thu, April 2, 2009
Wed, April 1, 2009
Tue, March 31, 2009
Mon, March 30, 2009
Fri, March 27, 2009
Thu, March 26, 2009
Wed, March 25, 2009
Tue, March 24, 2009
Mon, March 23, 2009
Fri, March 20, 2009
Thu, March 19, 2009
Wed, March 18, 2009
Tue, March 17, 2009
Mon, March 16, 2009
Fri, March 13, 2009
Thu, March 12, 2009
Wed, March 11, 2009
Tue, March 10, 2009
Mon, March 9, 2009
Fri, March 6, 2009
Thu, March 5, 2009
Wed, March 4, 2009
Tue, March 3, 2009
Mon, March 2, 2009
Fri, February 27, 2009
Thu, February 26, 2009
Wed, February 25, 2009
Tue, February 24, 2009
Mon, February 23, 2009
Sun, February 22, 2009
Fri, February 20, 2009
Thu, February 19, 2009
Wed, February 18, 2009
Tue, February 17, 2009
Mon, February 16, 2009
Fri, February 13, 2009

MyECheck Inc.: MyECheck Inc. Announces Year End 2008 Results Showing Over 2,000% Transaction Processing Growth Compared to Prev


//stocks-investing.news-articles.net/content/200 .. nsaction-processing-growth-compared-to-prev.html
Published in Stocks and Investing on , Last Modified on 2009-04-01 12:16:16 by Market Wire   Print publication without navigation


SACRAMENTO, CA--(Marketwire - April 1, 2009) - MyECheck Inc. (OTCBB: [ MYEC ]), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce its Year End 2008 financial results for the period of January 1, 2008 to December 31, 2008.

Revenues recorded for the twelve months ending December 31, 2008 were $548,159 compared to $46,051 for the same period in 2007; an increase of over 1000%.

The Company processed over $90 million for the twelve months ending December 31, 2008 compared to $4 million for the same period in 2007; an increase of over 2000%.

The Company recorded revenues of $222,267 for the Fourth Quarter as compared to $156,174 for the Third Quarter; an increase of 41% on a quarter-to-quarter comparison basis.

The Net Loss from Operations in 2008 was $1,003,376 compared to $710,469 for 2007, which the Company attributes to increased G & A as operations continue to ramp up. Notably, the company has seen growth of over 40% in each quarter to quarter period in 2008 and is building its infrastructure to meet the continuing demand.

The company noted that expansion in transaction processing volume and revenue is accelerating as more processors and merchants go live on the MyECheck system. This increased growth in clients should offset the increased expenses as the Company is now situated well to manage the growth.

Ed Starrs, CEO of MyECheck, commented, "We reached a major milestone this year by processing over $90 million. We added a number of new clients during the Fourth Quarter, and will start to capitalize on results as they go live in the coming months. We expect to see more positive results from existing clients during 2009, and our sales team will continue to build our MyECheck brand across a number of industries and businesses."

About MyECheck

MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions to credit cards for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method.

Please visit [ www.myecheck.com ]

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.


Publication Contributing Sources

Similar Stocks and Investing Publications