Press ReleaseSource: MyECheck Inc.

MyECheck Inc. Announces Unaudited Interim October 2008 Revenues Showing 65.9% Growth Over September 2008
Friday November 7, 2008 9:30 am ET

Company Reaches Positive Cash Flow -- a Major Milestone for Check 21 Processor

EL DORADO HILLS, CA--(MARKET WIRE)--Nov 7, 2008 -- MyECheck Inc. (OTC BB:MYEC.OB - News), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce its unaudited revenues for the month of October 2008.

Revenues recorded up over 65.9% month-to-month

The Company recorded revenues of $99,310.18 for the period October 2008, which is 65.9% over revenues of $59,837.51 for the period of September 2008.

Dollars processed up over 45% month-to-month

The Company processed over 394,000 transactions totaling over $17.87 million dollars for the period of October 2008, as compared to 236,253 transactions totaling $12.10 million dollars for the period of September 2008.

Company reaches positive cash flow

This month, a major milestone was achieved when the Company reached positive cash flow numbers for the month of October 2008. Significantly, the scalability of the operations and software allow for MyECheck to grow significantly while maintaining low overhead costs.

Edward Starrs, CEO of MyECheck, stated, "We are extremely pleased to have reached positive monthly cash flow in our first year of operations on our new software platform. Online e-check acceptance is catching on with web retailers because they enjoy the added advantages of real-time check verification, decreased non-sufficient funds checks costs and not having to wait for mailed checks."

The company notes that the numbers contained in this release are unaudited, and are made in good faith and based on all the financial information available to the company today. Further, past financial business, operations and stock performance are not necessarily indicative of the company's future performance.

About MyECheck

MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions to credit cards for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method.

Please visit www.myecheck.com

Forward-looking statements in this release are made pursuant to the "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 Securities and Exchange Commission.


Contact:
     MyECheck Contact:
     Patrick Lowry
     916.932.0089
     Email Contact
     http://www.myecheckcorporate.com
      

Source: MyECheck Inc.


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