|By Marketwired .||
|March 5, 2014 07:50 PM EST||
EL DORADO HILLS, CA -- (Marketwired) -- 03/05/14 -- MyECheck, Inc. (OTC Pink: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology today welcomed Bruce Smith, CPA, as Vice President of Finance and Company Controller. The Company also announced its plans to become a fully reporting company with the SEC, move to a more senior stock exchange and has engaged new independent accountants L.L. Bradford to conduct an audit of the Company.
Bruce M. Smith, Certified Public Accountant, is a forensic auditor, business advisor and a seasoned financial professional with over 25 years of progressive accounting responsibility. Mr. Smith expertise is key insight into the design and implementation of financial reporting systems and management reports for growing companies. Mr. Smith is a Capital Partner in the firm BBRS LLP, one of the Sacramento regions most prestigious accounting firms, and has held CFO and Controller positions in a number of successful and fast growing tech companies.
The Company has also engaged independent auditors, L.L. Bradford Certified Public Accountants and Consultants, to audit the Company's financial statements for the past 4 years, and on an ongoing basis. The Company intends to file audited financial reports with the SEC and become a fully reporting company as soon as the audit is complete. The Company also intends to apply for listing on a more senior stock exchange as a fully reporting company and is taking steps accordingly.
At a special meeting, the MyECheck Board of Directors seated a Board of Directors confirming Edward Starrs (Chairman of the Board), Bruce Smith (Corporate Treasurer) and Robert "Steve" Blandford (Corporate Secretary), as Members of the Board of Directors.
Ed Starrs, CEO, commented, "I've known Bruce for many years and his knowledge and experience is an outstanding addition to our senior management team, we are excited he has decided to join us. Greater financial controls, audited financial statements and a more senior stock exchange will significantly enhance MyECheck's credibility."
Starrs added, "We will not reverse split our stock or otherwise restructure the company's equity in any way that we think will negatively impact our share price. We plan to qualify to graduate by improving company performance and growing revenue, assets, number of shareholders and share value."
MyECheck Inc. is a leading payment data processor and technology developer & licensor that provides a new electronic payment method used as a preferred alterative to cash, paper checks, credit & debit cards, and ACH "e-check" payments. MyECheck's patented payment method is the fastest, most secure and most cost effective payment method in the US and is poised to be a significant payment platform. As the leader in Check 21 solutions and check image processing for online and mobile transactions, MyECheck provides merchants with the easiest, fastest, safest, and lowest cost way to collect money electronically from the most customers. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions.
Please visit www.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.