Could Patent Licensing Rights be the Way Ahead for MyEcheck?
Navi Mumbai, Maharashtra -- (SBWIRE) -- 09/23/2013 -- The El dorado Hills-based company started in 2005 with technology that processes electronic payments in the check system. MyECheck is the sole licensee of a method for online check processing, and the company is targeting patent sub-licensing rights.
The stock price is going down since last one month. Decrease in volume is seen in the last two weeks. There has been no news from the company since a long time now, also the company's revenues have come down.
MyECheck has been a thinly traded company. The Volume surge is seen from month of April with their announcements about signing agreements with Bank of Kentucky & Spindle and the announcement of New IP Licensing Revenue Model.
Volatality of the stock puts a question on when the stock will rise up to 0.02. Once it crosses the mark of 0.02 the stock should fly high. But it's unlike other penny stocks where fear is usually based on small market cap. Like Cal-Bay Intl, investors of MyEcheck are also waiting for some big news.
MyECheck, Inc. is an electronic transaction data processor. The Company provides an alternative payment solution to paper checks, cards or ACH payments. MyECheck utilizes a method of clearing check data for payments. MyECheck offers implemented solutions that enable real-time payments by authorized electronic check. MyECheck’s electronic check service creates and clears checks using only customer account data without the hassle and delays of paper checks. MyECheck's system enables more payers - any authorized signor on any United States checking account, for any amount. MyECheck's transactions can even be payment guaranteed.
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