Press release March 28, 2014, 11:15 a.m. E

Press release

March 28, 2014, 11:15 a.m. EDT

Itonis, Inc. Signs App License Agreement With MyECheck, Inc. for Medical Marijuana Point of Purchase App

LAGUNA HILLS, CA, Mar 28, 2014 (Marketwired via COMTEX) -- Itonis, Inc. (pinksheets:ITNS) today announced that it has signed a Licensing Agreement with MyECheck, Inc. for Itonis to acquire a software license for MyECheck's patented mobile payment app that will facilitate point of purchase transactions for medical marijuana, gambling, and general retail sales. There is no expiration date on that license.

MyECheck (pinksheets:MYEC) today also released its news regarding our license agreement. ( http://www.marketwired.com/press-release/myec...893574.htm )

The license agreement calls for Itonis to pay a one-time licensing fee to MyECheck as well as a portion of the per-transaction fees collected at the point of sale.

"This venture should be a win-win for the shareholders of both companies. Our management team believes that a robust marketing of the license should retire the licensing fee financing in a relatively short business cycle," says Mark Cheung, the Company's CEO.

About Itonis, Inc.

Itonis, Inc. was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc., which later changed to Itonis, Inc. on December 2, 2005. Please visit www.itonisholdings.com .

http://www.marketwatch.com/story/itonis-inc-s...2014-03-28