News from the Wire

MyECheck restructures management

Friday, February 27, 2015 — 11:47:34 (EST)

Folsom, Calif., Feb. 26, 2015 -- MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, announced today announce changes to its board, management and personnel.

SeerGate CEO and Co-Founder Eldad Aharoni has accepted the position of President of GreenPay, a wholly owned subsidiary of MyECheck, Inc. Eldad brings to GreenPay invaluable experience and proven results in developing and implementing innovative new payment and banking software systems, and is an industry visionary in alignment with GreenPay and MyECheck plans and strategies.

SeerGate employees Valery Kaminker, Development Manager, and Oren Shmuel, Web/Java Developer will join the MyECheck development team.

Bill Delgado is no longer a MyECheck Board Director, employee or contractor. Rod Zolunardo, former president of Greenpay, and Bruce Smith, for VP of Finance and CFO, are both no longer employed by MyECheck.

The company has also released three software developers from employment as their services are no longer needed, and transitioned two from employees to independent contractors. The company plans to add new headcount in sales and marketing as soon as the 2nd quarter.

These changes to personnel and management reflect MyEcheck's alignment with strategic initiatives and continual goal of operating efficiency to optimize shareholder value.

About MyECheck: MyECheck Inc. is a leading electronic payment technology developer, licensor and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US. MyECheck provides comprehensive payment solutions for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions. For more information, contact ir@myecheck.com , info@myecheck.com , sales@myecheck.com .

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Source: Company press release.