MyECheck, Inc. (fka MYEC)

[PhenixBleu]

Below is an excerpt from the company's Form 10:

Emerging Growth Company

We are an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act of 2012 and, as such, have elected to comply with certain reduced public company reporting requirements for this registration statement and future filings.

As a company with less than $1.0 billion in revenue during our most recently completed fiscal year, we qualify as an "emerging growth company" as defined in Section 2(a) of the Securities Act of 1933, as amended, which we refer to as the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. As an emerging growth company, we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable, in general, to public companies that are not emerging growth companies. These provisions include:

·Reduced disclosure about our executive compensation arrangements;
·No non-binding shareholder advisory votes on executive compensation or golden parachute arrangements;
·Exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting; and
·Reduced disclosure of financial information in this registration statement, including two years of audited financial information and two years of selected financial information.

We may take advantage of these exemptions for up to five years or such earlier time that we are no longer an emerging growth company.

Lol, I am familiar with the Jobs Act and executive compensation is a required disclosure, SOX 404, no, compensation, yes.