MyECheck, Inc. (MYEC.OB) Already Recognizing Positive Cash Flow Results In the Fourth Quarter
MyECheck, Inc. (MYEC.OB), a leader in providing electronic payment solutions, recently announced its third quarter financial results for the period of July 1 to September 2008 along with its unaudited interim October 2008 results. The company is able to provide merchants with a more cost-effective and secure method of processing customer payments via a patented solution that is far more efficient than traditional ACH processing methods. For the year-to-date period of January 1 to September 30, MyECheck recognized revenue of $325,892 in 2008 while it booked only $4,771 of revenue in 2007. The company actually realized a 41% quarter-to-quarter increase…