Your welcome page 6
Capture the industry unique and compelling. Lower barriers or break them
ACH and VISA are competitors
Major platform for International Bank deal is coming!!
Brand new payment method--world doesn't know but that is going to change
Quarter 2 processing now or live soon
Expects profits this year (2015)
Netflix 30 million subscribers w/debit card 2% fees. They just had to call 2,000,000 customers because of data breach
(MYEC data is one-time and encrypted)
Recurring billing card-based 2-3% huge potential sweet spot for MYEC
FASTER and CHEAPER than ACH
MYEC deferred tax liability
Bruce Smith is now independent contractor
ED is CEO and doesn't deal with nitty-gritty CPA level stuff
40 trillion in processing NACHA. No incentive to deal with MYEC.
Defending intellectual property--establish patent viability
NACHA is ACH
NACHA is owned by major banks
Competitive future predicted between NACHA and Check 21: We are superior in capabilities. Marketplace will sort it out
Form 10 refile on Friday or into Monday because of Good Friday. Review from SEC officer is on fast track because vast majority of requirements are 'in the bag.'
2 weeks from Friday or Monday or whatever day is filing.
Where is PR?
SEC rule reporting
1,000,000 couldn't be reported because MYEC bought company in question
SEC rules must be complied with even though Ed feels that their basic accounting assumptions are flawed (do not reflect true realities)
Millenials do not want the leather wallet bye-bye to 70s tech digital-mobile phone-no hardware. Rewards
Close Seergate = Own Patents
More to come to strengthen our hand
With time and more revenue--not an immediate gratification to be expected
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