MYEC >> $500K REV AGREEMENT//Announces Services Agreements with Karmen Consultants Group

2013-04-22 08:00 ET - News Release


EL DORADO HILLS, Calif., April 22, 2013 /PRNewswire/ -- MyECheck, Inc. (OTCPink: MYEC), a provider of transaction data processing services, announced an agreement with Karmen Consultants Group, a leading provider of Corporate Payroll Processing and Tax and Bill Payment Solutions.  MyECheck will provide back-end check data processing services that will substantially enhance Karmen's Payment Processing and Payroll Card Platforms including enabling more users and faster clearing of funds.

Karmen Consultants Group, a Florida Corporation was established in 1984 as a financial consulting, and tax adviser to small and medium size companies. KCG has since grown to become a major provider of financial services.  It has established entities in the areas of payroll processing, bill payment solutions, tax preparation and IRS representation, and marketing.

The agreement is expected to generate approximately $500,000 in annual revenue for MyECheck.

The MyECheck service provides the most viable alternative payment option at substantially lower rates than card processing fees.  MyECheck works with every US checking account, even accounts that Automated Clearing House (ACH) e-check solutions cannot debit, enabling payments from a larger customer base, and providing faster clearing of payments with less risk.

About MyECheck

MyECheck Inc. is a leading electronic transaction data processor and that provides an alternative payment solution to paper checks, cards or ACH payments. MyECheck utilizes a patented method of clearing check data for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online and mobile transaction, MyECheck provides merchants with financial access to more customers and faster funds clearing than any other payment method.

Please visit www.myecheck.com

Contact:
Ed Starrs
Investor Relations: ir@myecheck.com
Sales: info@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.

SOURCE MyECheck, Inc.