MyECheck, millions of transactions in 2008

Unaudited 2008 financial results were recently presented by MyECheck Inc., an electronic transaction processor and provider of alternative payment solutions. According to the report the company successfully processed about 2.1 million transactions in 2008, its first full year of operation on its patented electronic transaction system. Audited financial statements will be filed with the SEC on or before the due date of March 31, 2009.

The report contains the company's fourth quarter results that show the revenue was nearly $235,000 on processing approximately $40 million, compared to approximately $41,000 revenue in the fourth quarter of 2007. Revenue growth on a quarterly basis in 2008 ranged from 41% to 88% growth per consecutive quarter. The increase of the revenue in the fourth quarter accounted for 44% against the previous quarter.

MyECheck Inc. is an 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 and offers Check 21 solutions and check image processing for online merchants.