Itonis, Inc. Signs Fantasy Grudge, LLC for Its Licensed MyECheck Point of Sale Mobile Payment Application
Posted 09:00:00 05/08/2015 by Admin
LAGUNA HILLS, CA -- May 08, 2015 --Itonis, Inc. (OTC PINKSHEETS: ITNS) Itonis is pleased to announce that it has signed Fantasy Grudge, LLC to an agreement for retail use of MyECheck, Inc.'s patented mobile payment application. Itonis holds a license from MyECheck (OTC: MYEC) for the patented mobile payment application. The agreement allows Fantasy Grudge’s customers to use MyECheck's mobile payment application when making website purchase transactions.
The MyECheck mobile payment application is expected to be delivered to Itonis by June 2015, and Fantasy Grudge, LLC will be the first merchant partner to implement the proprietary application for processing its customer purchase transactions in the Fantasy Sports sector.
The Fantasy Sports marketplace is huge, and the growth of the number of people playing fantasy sports in the USA and Canada has exploded over the years. It is estimated by the Fantasy Sports Trade Association that there were over 41.5 million people playing fantasy sports in the USA and Canada last year alone.
It was reported that 30,000 active players formed teams to participate during a professional surfing season in 2013, and that 20,000 players were active in Fantasy Action Sports League. Itonis hopes to capture transactional revenues through Fantasy Grudge's implementation of the MyECheck app in that surfing fantasy space.
“We are excited to have signed Fantasy Grudge, LLC with our licensed MyECheck mobile application. It’s a solid first step for Itonis, Inc. to capture revenue transaction fees in a large growing market,” said Steve Pidliskey, Itonis' Vice President.
About Fantasy Grudge, LLC
FantasyGrudge.com brings mainstream fantasy sports to the world of surfing where you can create your own custom lineup of pro surfers to compete with your friends. Enjoy instant payouts as your account is automatically credited from winnings immediately after each contest ends. Founded in 2014, FantasyGrudge, LLC has pioneered the per-round contest model that allows for real-time contest entry along with full event action.
About MyECheck, Inc. (MYEC)
Winner of the 2015 PYMNTS Award for Best Check Innovation, MyECheck Inc. is a leading electronic payment technology developer, licensor and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US. MyECheck provides comprehensive payment solutions for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions. For more information, contact firstname.lastname@example.org or email@example.com.
About Itonis, Inc. (ITNS)
Located in Laguna Hills, California, and founded in 2005, Itonis Inc. has focused on the distribution of innovative products to the medical and pharmaceutical industries. The company also holds a licensing agreement with MyECheck Inc, which allows the company to use MyECheck’s patented mobile payment application and share transaction revenue fees for point of purchase payments across various industries. Please visit www.itonisholdings.com for additional information.
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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Investor RelationsItonis Holdings Company is a trade name of Itonis Inc. (OTC:ITNS), a publicly traded company.
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