SOURCE: MyECheck, Inc.

July 10, 2014 14:35 ET

MyECheck Leases New Offices, Hires Employees, Engages Patent Litigators

FOLSOM, CA--(Marketwired - Jul 10, 2014) -  MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology, reports today that they have occupied new corporate offices located in Folsom, CA. The Company has also added a number of full time employees and contractors to facilitate new product launches, and plans to pursue potential patent infringers for licensing revenue.

MyECheck has entered into a 3 year lease agreement for approximately 3200 sq. ft. of class A office space located at 2600 East Bidwell St, suite 140 in Folsom, CA. The new space accommodates 12 to 16 of MyECheck's personnel, the company is also in the final stages of negotiating a lease for additional space in the same building, suite 190 to accommodate another 12 to 15 employees and contractors.

During the past 3 months, MyECheck has added several new full time employees and several new independent contractors, primarily software developers that have built, and will support the company's new mobile payment services. Ed Starrs, MyECheck CEO, commented, "our new people are performing extremely well, we have had very ambitious development timelines, and we are now finalizing partner integrations that will enable launch of our new mobile payment services very soon."

The Company also reports that it has selected a national law firm with a strong track record in major patent litigation cases to represent MyECheck in defense of it's intellectual property rights. The name of the law firm will be announced once the engagement agreement is finalized.

The audit of the Company's financial history is proceeding on plan and should be complete before the second quarter reporting deadline of Aug. 15.

About MyECheck: MyECheck Inc. is a leading electronic payment technology developer and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. The new patented payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyECheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions.

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Forward-looking statements in this release are made pursuant to "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 SEC.

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