(Source: MARKETWIRE)

Xcellink International Inc. (OTCBB: XCEL), a developer of patented
mobile payments and banking platforms, and MyECheck Inc. (OTCBB:
MYEC), an electronic transaction processor and provider of
alternative payment solutions, are pleased to announce that they have
signed a letter of intent whereby MyECheck will be providing its
patented Check 21 Electronic Payment Processing to Xcellink.
Under the terms of the agreement, MyECheck's patented software will
be integrated into Xcellink's mobile payment application, providing
Xcellink with the ability to process mobile payments using the Check
21 electronic check system.
MyECheck utilizes a proprietary, patented method of creating and
clearing remotely created checks (RCCs) for exceedingly fast, secure
and convenient payments. MyECheck requires no physical check from the
payor or payee for processing. It generates electronic checks that
adhere to the Check 21 specifications and transfers them for further
processing to banks or directly to the check clearing system.
MyECheck does not utilize the ACH network and although ACH represents
a large portion of electronic payments, most ACH payments start out as
checks and are converted to ACH. With MyECheck, those items no longer
need to be converted, can be processed as images and will clear
faster, have higher clearing rates and fewer returns. MyECheck
processed payments are also not subject to NACHA regulations, rules,
fees and fines, giving MyECheck a competitive advantage.
ABI Research estimates only about 400,000 mobile banking users
existed in 2007, a figure that skyrocketed to 3.1 million in 2008. In
2009, the numbers of subscribers will more than double, hitting the 7
million mark. Beccue's long-term estimate: 32 million by 2013.
And the value of remote mobile payment by smart phones is set to
reach $389 million in 2009, rising rapidly to $8.6 billion by 2014,
according to forecasts from Mercator Advisory Group.
About Xcellink
Xcellink International Inc. is a developer of advanced
platform-independent customer-centric payment systems and
methodologies. Xcellink's patented system has the technical ability
to replace all credit, debit, charge and smart cards, providing all
functions of order, warehousing, delivery and payment for all types
of goods and services in a customer-centric manner that is more
efficient, economical, and secure than systems operating today.
Xcellink's unique process enables customers, rather than the
merchant, to initiate, control and pay for all transactions, without
the need for credit cards, in real-time anywhere, anytime, and at a
fraction of the cost of current transactions. Please visit
www.xcellink.com.
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and
provider of alternative payment solutions for brick & mortar,
internet, and mobile commerce. MyECheck utilizes a patented method of
creating and clearing remotely created checks for exceedingly fast,
secure and cost effective payments. As the leader in Check 21
solutions and check image processing for online merchants, MyECheck
provides merchants with financial access to more customers than any
other payment method. Please visit www.myecheck.com.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of mentioned products, increased
levels of competition, new products and technological changes,
dependence upon third-party suppliers, intellectual property rights,
and other risks detailed from time to time in reports filed with the
Securities and Exchange Commission.
Investor Relations Xcellink
Barry Duane
Email Contact
(866) 953-XCEL (9235)
Investor Relations MyECheck
Edward Starrs
Email Contact
916.932.0089
SOURCE: Xcellink International Inc.; MyECheck Inc.
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