SOURCE: MyECheck Inc.

November 18, 2008 06:30 ET

MyECheck Signs Agreement With Fortune 500 Company for Its Online Check Processing Service

Company Is the Largest Publicly Traded Real Estate Company Based in USA

EL DORADO HILLS, CA--(Marketwire - November 18, 2008) - MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that it has signed an agreement with a Fortune 500 Real Estate Company and will be providing the Company with its comprehensive suite of electronic check processing services.

This agreement allows the Fortune 500 Real Estate Company's customers to use their checking accounts as a form of online payment. MyECheck's patented system can clear checks from every U.S. checking account, even accounts that ACH cannot; thus providing online financial access to more consumers and businesses than any other payment method, at a fraction of the cost of card transactions.

An 8K has been filed that details the nature of the transaction, which is available on the company's website.

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.

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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.

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