MyECheck proves that even during crisis it is possible to growth

MyECheck Inc. has announced its Q3 report. According to the results MyECheck has improved its position and sees the development and an increase in profit. So, the company has earned $156,174 in Q3 against $110,805 in Q2 in percentage the increase is 41%.

The total revenue got starting from the beginning of the year and till September 30 the company has earned $325,892 against $4,771 for the same period a year before.
 
The Net Loss from Operations in the Third Quarter was ($122,562) compared 
to ($210,540) for the Second Quarter, which the Company feels is a marked improvement as operations continue to ramp up. 

The company noted that growth in transaction processing volume and revenue is accelerating as more processors and merchants go live on the MyECheck system. Furthermore, management expects this trend to continue and is expanding its processing capacity and speed in anticipation of the transaction processing volume in the pipeline, reports Market Watch. 

"We reached a major milestone this quarter by processing almost $30 million dollars for the three month period ending September 30th, 2008, as compared to $22 million for the first two quarters of 2008. Our software is proving itself as we continue to increase output for our clients and their customers,” Ed Starrs, CEO of MyECheck.