MyECheck, Inc. (MYEC.OB) Announces 41% Increase in Revenue Quarter-Over-Quarter
Today, MyECheck reported its Q3 2008 financial results for the period of July 1, 2008 through September 30, 2008. Revenues for this quarter totaled $156,174 compared to $110,805 for Q2 2008, which is an increase of 41%. Revenues for the nine months ended September 30, 2008 skyrocketed to $325,892 from $4,771 for the same period in 2007. According to the press release, the growth in transaction processing volume and revenue is accelerating as more processors and merchants subscribe to the MyECheck system. Management anticipates that this trend will continue and is preparing by expanding processing capacity and speed. CEO of…