$MYEC DD
From most recent Form 10 filing:
Customers & Concentrations
"One customer comprised 97% of the total revenue for the three months ended March 31, 2015 and three customers comprised 98% of the total revenue for the year ended December 31, 2014. The Company had no accounts receivable at March 31, 2015 and two customers represented 100% of net accounts receivable at December 31, 2014."
I've been reading the PRs issued by the company and I was sure that MYEC had more than 1-3 customers.
I think investors should question management about the following PRs:
PRs issued in 2014
MyECheck Signs Check Processing Agreement with Bank of Kentucky
MyECheck Signs Agreement with Spindle, Inc. to Provide Electronic Check Services
MyECheck Signs Multi-Million Dollar Agreements with Corporate Merchant Solutions
MyECheck Announces Services Agreements with Karmen Consultants Group
MyECheck Launches Version 3.0 Check 21 Electronic Payment System (The new platform with significantly enhanced security and functionality can quickly integrate with any bank in the US Federal Reserve banking system, eliminating the need for MyECheck customers to open a new account at a specific partner bank such as Bank of Kentucky)
MyECheck Announces Patent Sub-Licensing and Software Licensing Deal (GreenPay Mobile Payment App "MJ-Pay" Provides Solution for Legal Marijuana Industry)
Itonis, Inc. Signs App License Agreement With MyECheck, Inc. for Medical Marijuana Point of Purchase App
MyECheck Launches Application for Government-to-Government Payments, Certifies With State of California, Registers in BidSync
MyECheck to Provide Fully Electronic Check Services to the iCard1 Network
MyECheck to Provide Fully Electronic Check Services to VX Gateway
MyECheck Reports $1.3 Million Net Earnings in the First Quarter 2014
MyECheck Signs Freight Shipper to Electronic Check Services
MyECheck Signs St Augustine School Alumni International to Electronic Check Services
GreenPay Signs Software License Agreement in Nevada and Partners with Leading Marijuana Payments and Banking Services Provider (MJ Safe Pay)
Cuallix Selects MyECheck to Load International, Secure Prepaid Cards for Under Banked
Dad’s Roast Custom Coffee Selects MyECheck to Provide Electronic Check Services
MyECheck Announces Four New Customers for its Electronic Check Services (New Age Telecom and Superior Telecom and Mesorah Heritage Foundation and ArtScroll.com)
Three New Customers Select MyECheck for Electronic Check Services
(Amagi Inc., NuYu Day Spa and Sushi Groove)
MyECheck Signs DollarDays to Its Patented Electronic Check Services
PRs issued in 2015
MyECheck Signs truCrowd to Electronic Check Service
MyECheck Signs Two More Companies to Electronic Check Service ( Lucid Integrated Systems and eze System)
Access Payment Systems to Sell MyECheck Services
MyECheck Signs NXR Global to Electronic Check Service
MyECheck Electronic Check Service Goes Live at Boss Tech Support
MyECheck Signs Elite Tech Help to Electronic Check Service
MyECheck Releases Plug-ins for Leading eCommerce Platforms WooCommerce and Magento
MyECheck Electronic Check Service Goes Live at NXR Global
MyECheck and Avidia Bank Partner to Provide Mobile and Web Payment Services
PS. Don't forget the PR for Simplifile that was later deleted from the OTC Markets website.
