Itonis, Inc. Signs First Retail Merchant for MyECheck's Point of Sale Mobile Payment Application
08 Mai 2014 - 3:30PM
Marketwired
Itonis, Inc. Signs First Retail Merchant for MyECheck's Point of
Sale Mobile Payment Application
LAGUNA HILLS, CA--(Marketwired - May 8, 2014) - Itonis, Inc.
(PINKSHEETS: ITNS) today announced that it has signed a letter of
intent with Valley Organics Inc. for retail use of MyECheck's
patented mobile payment application that will facilitate point of
purchase transactions for medical marijuana.
As soon as MyECheck delivers the licensed mobile payment
application to Itonis, Valley Organics will be among the first
merchant partners to use the proprietary application.
The new mobile app will offer a strong competitive advantage to
the massive exploding marijuana dispensary market, facilitating
cash-free point of sale transactions between transacting parties in
the secure mobile payments industry.
"The delivery of our licensed MyECheck mobile application will
allow Itonis to realize transaction fee revenues, and Valley
Organics represents the first of many retail merchant contracts
that we expect to sign over the next 6 months," said Steve
Pidliskey, Itonis' Vice President.
About Valley Organics
Inc. Southern California-owned and licensed medical
marijuana co-op and transporting. It collectively facilitates
medical marijuana cultivation and transactions by and between its
qualified patient members and/or primary caregiver members who have
the oral or written approval or recommendation of a licensed
physician, as allowed by the Compassionate Use Act of 1996 (Health
and Safety Code section 11362.5) and the Medical Marijuana Program
Act (Health and Safety Code sections 11362.7 - 11362.83).
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.
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. Email Contact
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