Executive Summary re-birth. 2013 was the year MyECheck re-tooled it business model and successfully restarted growing revenue. It was a year of modernizing and our payment platform and developing services that create multiple revenue streams. 2013 was the year we shifted focus from internet originated transactions to mobile payments. MyECheck also in 2013 introduced
and successfully deployed a software and patent sub-licensing revenue model. 2013 also marked the development of a person-to-person payment system, electronic bank accounts, a downloadable merchant commerce solution, and the
nations first and only electronic funds transfer system for government use.
The mobile payments industry currently presents historic opportunities, the size and scale of which have never before
been seen. We believe there is a revolution taking place that is fundamentally changing the way the payments and
banking industries function. Technology now enables transitioning away from traditional brick and mortar banking into fully electronic banking, and transitioning away from all paper and high fee transactions to low cost fully electronic transfers authorized through mobile devices. MyECheck is positioning itself to be a significant participant in the mobile payments and banking industries.
2013 marks the beginning of a very promising future for our company. Strategies and systems planned in 2013 are
becoming reality in 2014. We plan to continue to be the innovative leader in the payments industry and will be deploying a
number of new large scale initiatives in 2014, along with a dramatic increase in our sales and marketing activities starting
in the summer of 2014.
We expect 2014 to be a high growth year for MyECheck, particularly in the third and forth quarters when transaction revenue from current licensing deals starts to be realized.
