MyECheck, Inc. (fka MYEC)

[Mistral]

The acquisition of Seergate, Ltd., and the integration of the Seergate system into the MyECheck payment systems, adds multiple, new international payment and banking related capabilities to MyECheck’s payment platform. Seergate assets include technical expertise, software, patents, and an established sales channel. The Seergate platform enables MyECheck to operate a closed loop payment system independent of third party software platforms. As a result of the acquisition, MyECheck will be able to bring additional value and innovation to all merchants, enabling them to transact anywhere in the cloud and/or in person with a one stop shop. The strength of the combined companies and unique business model enables MyECheck to offer revolutionary services to customers as it leverages its joint industry expertise. The IP acquired from Seergate has become the Company’s primary technology and is used with all services that the Company provides.

https://www.sec.gov/Archives/edgar/data/1619558/000114420416106879/v436666_10k.htm