Itonis, Inc. Signs Fantasy Grudge, LLC for Its Licensed MyECheck
Point of Sale Mobile Payment Application
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 ir@myecheck.com
or sales@myecheck.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.
Safe Harbor:
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.
Contact:
Itonis, Inc.
Office@itonisholdings.com