SOURCE: MyECheck, Inc.

MyECheck, Inc.

October 08, 2015 15:09 ET

SEC Approves MyECheck Form 10 Registration to Be Fully Reporting Public Company

FOLSOM, CA--(Marketwired - Oct 8, 2015) - MyECheck, Inc. (OTC PINK: MYEC), the leader in electronic check solutions and mobile payments technology, announced today its Form 10 filing with the Securities and Exchange Commission, also known as General Form For Registration of Securities, has been cleared by the Securities and Exchange Commission and will become effective next Tuesday. MyECheck's common stock will be registered with the SEC, and MyECheck will be fully reporting with the SEC as of October 13, 2015.

The Form 10 Registration statement contains Company audited financial statements and other factual information related to the business of MyECheck, Inc. The Company will now file reports regularly with the SEC including audited annual financial report, auditor reviewed quarterly financial statements and all material events. Full reporting with the SEC will improve company transparency, and help MyECheck qualify for more senior stock exchanges.

MyECheck is commercializing an innovative new, faster, safer and lower cost electronic payment method in the US targeting mobile wallet loading, and a mobile commerce platform that enables frictionless real-time, low-cost, secure global commerce to and from mobile devices via the web, email, text, social media apps and card-less ATM machines.

MyECheck's eMobile app available for Apple and Android devices and the web, allows businesses to create invoices in Quick Response code and send them in real time via email, display on a screen or print them on paper. The recipient simply scans the QR code with their eMobile app to transfer the money in real time. The funds are guaranteed and the cost is only $0.25 per payment received, with no other costs or hardware requirements. www.e-mobile-pay.com

About MyECheck: Winner of the 2015 PYMNTS Award for Best Check Innovation, MyECheck Inc. is a leading electronic payment technology developer, licensor and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US. MyECheck provides comprehensive payment solutions 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 US and international financial institutions. For more information, contact sales@myecheck.com.

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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