MyECheck, Inc. (fka MYEC)

[VVS-IG]

Form-10 Q & A Session:

Q. Patent Valuation - do you know when you might make that available?
A. The patent will be valued at a later time when accounting regs permit.

Q. What are the next steps for dividing MYEC with MJ-Pay?
A. We have a series of updates for mj-pay planned in the near future.

Q. Do we have updates with MyeCheck contracts in the near future as well?
A. Yes we have all kinds of updates.

Q. Ed can u clarify the titan shares?
A. We think that the shares that were obtained fraudulently were sent to Titan by the fraudsters.

Q. So you are not affiliated in any way with Titan?
A. We have nothing to do with Titan.

Q. Another question what did you mean by this in the PR? Many people are confused? "MyECheck also announced that it re-purchased the one outstanding preferred share of stock for one dollar".
A. I owned the only share of preferred stock that gave me unique rights, such as issue more stock to myself. I surrendered that share back to the company for $1.00.

Q. Thanks again to all on the MYEC team. One question, who is Cede & co, and do they really own a billion shares?
A. Cede & Co is DTC, it's your shares that are held in your brokerage account. So all the shareholders that are holding shares in brokerages show as Cede & Co - it's essentially the public float.

Q. Can you tell me when this will be rolled out in retail outlets, how many and what retailers do you have agreements in place with now?
A. We have retailers now accepting web services payments on our system and we are rolling our as a mobile provider to Sionic in November.

Q. Ed, a lot of people don't understand why a company like Zipmark would knowingly infringe on a patent, as it appears they have. Are you allowed to comment? Why would they use the technology without a license?
A. They thought we were going out of business in my personal opinion, and didn't think we would be around to defend our IP.

Q. Actually one last question, sorry. but do you think the company can continue on its path of growth with no further dilution? The Form 10 seems to indicate that you cannot. Thanks for your time Ed.
A. There will be no further net dilution.

Q. Ed, is everything coming together with Sionic mobile? Can we expect a PR soon on the relationship and its progress? I think something was mentioned about early November, not sure.
A. Sionic is moving forward on schedule so far, this is an enormously valuable partnership that I believe is much bigger and better than ApplePay in every way.

Q. Do you think more merchants will join Sionic mobile because of myecheck?
A. Yes, I think the MyECheck funding method is the strongest component of the combined offering, Ron Herman would likely disagree though.

Q. Any idea on a timeframe to uplist to the next exchange?
A. 90 daysish.

Q. Are you able to elaborate on anything we can expect in the weeks to come now that the Form10 has been filed?
A. Everything gets better for us.

Q. Why is the auditing firm filed diffrent ? What happen to the last firm?
A. Bill brought on the new firm when he came aboard because he had worked with them and knew they would be very thorough and respected by the SEC.

Q. Based on the financials filed do u anticipate any trouble getting a line of credit?
A. I think we'll have no trouble getting a multi-million dollar line of credit.

Q. Is the company almost completely built out (employees, corporate office space, etc.) at this point, or do you expect the need for continued expansion?
A. We are still growing rapidly, we will continue to grow rapidly for quite some time.

Q. Can we have some insight to how VXGateway is planning on using MyEcheck services? I think all we know is that they wanted to do some things outside of the country that you didn't and we know they have made this Jewish Donation Site: https://www.tzedakahgateway.com/ What exactly are they planning?
A. They are using us for low risk domestic transactions only, they are forecasting very high transaction volume based upon contracts they have with US based companies.

Q. MCX CurrentC goals are aligned with MyECheck capabilities. If there is anything shareholders can do, please do not hesitate to let us know. Thanks for your relentless hard work!
A. Allow us to work the deal.

Q. Ed, I believe in the past you stated that you did not expect to have anymore dilution. In reading through the form today it appears that dilution may be needed for current or future debt settlement. Can you elaborate on the likelihood of this and if it is likely to occur, how soon it could be expected? Thanks.
A. ? What debt?

Q. Hi - nice job getting the filing done. How long do you think the cash will hold out based on payroll and payroll taxes? Any detail behind the 218k for payroll taxes? Thanks.
A. We have been operating cash flow positive and profitably all year, we don't anticipate any cash flow problems in fact we anticipate cash flow to improve.

Q. Ed can you explain what the plans are for the preferred shares. are you going to restructure them or are you going to get rid of them completely.
A. we have no plans to issue any preferred shares.

Q. Will all financial reports be audited from now on?
A. Yes, all financials will be audited annually and auditor reviewed quarterly, also all material events will be filed with the SEC in an 8-K and a press release.

Q. In your opinion what is the best or biggest take away someone should have after reading the Form 10 Filing?
A. We can now move forward to places we could not go before.

Q. Hi Ed, with the current share structure the way it is, will the PPS continue to be manipulated until we are uplisted?
A. I hope that as we grow, so will our base of long term shareholders.

Q. There has been a lot of questions surrounding your direct ownership of the patent, how much value MyECheck can be considered to having regarding that, and investor unease due to stipulations that you could renegotiate that exclusivity afforded to MYEC.
A. There are a large number of strategic purposes to have Intellectual property held outside of the operating entity. I invented the technology and applied for the patent, MyECheck didn't pay me to do that, nor have they paid me any compensation for the revenue generated from patent. I gave MyECheck exclusive rights to the patent. This has always been the case since the patent was issued, and these "questions" you refer to I think are just an attempt to drive the stock price lower.

Q. Can you explain how acquiring Greenpay affected the financial statements for 2014?
A. ust an allocation issue, all the contracts and revenue is there. The price we paid for GreenPay was deducted from revenue from GreenPay, that is why there is a difference in the standard cash accounting that we reported vs SEC reporting requirement.

Q. Ed, with respect to the auditor's note on the entity as a going concern, do you imagine that will be relieved as clients like VX Gateway, Cuallix and Sionic go live with MyEcheck and revenues simply increase?
A. Going concern is standard risk disclaimer language for start-ups, we are still a high risk investment but we are much more established and financially secure now than we have been in 4 years, and we continue to improve daily.

Q. Ed, why is it that big companies are overlooking MYEC's technology when it provides the fastest & most secure payment processing? Also, do you plan on going after EVERY company that may be using our patent technology, many of us shareholders continue to find companies who may be patent infringement worthy.
A. We have been too small with a bumpy past, I believe that perception will start to change now.