Itonis, Inc. Signs LOI With MyECheck, Inc. for Licensing of App for Medical Marijuana Point of Purchase
Posted 09:45:00 03/17/2014 by Admin
LAGUNA HILLS, CA--(Marketwired - Mar 17, 2014) - Itonis, Inc. (PINKSHEETS: ITNS) is pleased to announce that it has entered into a Letter of Intent with MyECheck, Inc. to acquire a software license for MyECheck's patented mobile payment app that will facilitate point of purchase transactions for medical marijuana, gambling, and general retail sales.
MyECheck, Inc. is a publicly traded company (PINKSHEETS: MYEC) that has developed and patented a software payment platform that allows instant and secure digital payments providing consumers a new and alternative payment option other than credit/debit cards, checks, wires, and ACH.
"We are excited to announce this new relationship with MyECheck for Itonis to license and distribute the availability of this new consumer payment option. The Company is confident that this new venture will add value to our shareholders," says Mark Cheung, Itonis' CEO. "We expect to have further information as we finalize the licensing agreement."
About Itonis, Inc.
Itonis, Inc. was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc., which later changed to Itonis, Inc. on December 2, 2005. Please visit www.itonisholdings.com.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
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