UNITED
        STATES
  SECURITIES
        AND EXCHANGE COMMISSION
  Washington,
        D.C. 20549
  Form
        10-KSB
  (Mark
        One)
  xANNUAL
        REPORT UNDER
        SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For
        the
        Fiscal Period year ended December 31, 2007
  oTRANSITION
        REPORT UNDER
        SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For
        the
        transition period from ______________ to ___________________
   Commission
        file number: 000 - 51977
  MyECheck,
        Inc.
 (Exact
        name of small business issuer as specified in its charter)
  Nevada
                
                **20-1884354**(State
                    or other jurisdiction of
                  incorporation
                    or organization)
                
                (IRS
                    Employer Number)
  1190
        Suncast Lane, Suite 5
 El
        Dorado
        Hills, CA 95762
 (Address
        of principal executive offices)
 
 (916)
        932-0900
 (Issuer's
        telephone number)
  Former
        Address: 916 West Broadway Street, Vancouver, British Columbia, V5Z
        1K7
 Former
        fiscal year: December 31
 
 (Former
        name, former address and former fiscal year, if changed since last
        report)
  
  Securities
        registered under Section 12(b) of the Exchange Act: None
  Securities
        registered under Section 12(g) of the Exchange Act: Common Stock,
        $0.001
  Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that that the registrant was required to file such reports), and (2) has
        been
        subject to such filing requirements for the past 90 days. Yes xNo o
  Check
        if
        there is no disclosure of delinquent filers in response to Item 405 Regulation
        S-B is not containing in this form, and no disclosure will be contained,
        to the
        best of the registrant's knowledge, in definitive proxy or information
        statements incorporated by reference in Part III of this Form 10-KSB or any
        amendments to this Form 10-KSB      x
  Indicate
        by check mark whether the company is a shell company (as defined in Rule12b-2
        of
        the Exchange Act) Yes oNo x
  State
        issuer's revenues for its most recent fiscal year - $46,051
  State
        the
        aggregate market value of the voting and non-voting common equity held by
        non-affiliates computed by reference to the price at which the common equity
        was
        sold, or the average bid and asked price of such common equity, as of a
        specified date within the past 60 days. (See definition of affiliate in Rule
        12b-2 of the Exchange Act.)
  Aggregate
        market value of the voting and non-voting common equity held by non-affiliates
        (27,574,980 shares) computed by reference as of March 25, 2008 is
        $137,599,150 **.**
  State
        the
        number of shares outstanding of each of the issuer's classes of common equity,
        as of the latest practicable date.
  As
        of
        March 25, 2008, there are 67,937,500 common shares outstanding.
  Transitional
        Small Business Disclosure Format (Check One): Yes oNo x
  
  MyECheck,
        Inc.
 
 FORM
        10-KSB
 
 For
        the
        Fiscal Year ended December 31, 2007
  Part
                    IItem
                    1.
                
                
                Description
                    of Business
                4Item
                    2.
                
                
                Description
                    of Property
                12Item
                    3.
                
                
                Legal
                    Proceedings
                12Item
                    4.
                
                
                Submission
                    of Matters to a vote of Security Holders
                13Part
                    IIItem
                    5.
                
                
                Market
                    for Common Equity and Related Stockholder Matters
                13Item
                    6.
                
                
                Management's
                    Discussion and Analysis or Plan of Operation
                14Item
                    7.
                
                
                Financial
                    Statement
                19Item
                    8.
                
                
                Changes
                    In and Disagreements with Accountants on Accounting and Financial
                    Disclosure
                19Item
                    8A.
                
                
                Controls
                    and Procedures
                19Item
                    8B.
                
                
                Other
                    Information
                20Part
                    IIIItem
                    9.
                
                
                Directors,
                    Executive Officers, Promoters and Control Persons; Compliance
                    with Section
                    16(a) of the Exchange Ac
                20Item
                    10.
                
                
                Executive
                    Compensation
                23Item
                    11.
                
                
                Security
                    Ownership of Certain Beneficial Owners and Management and Related
                    Stockholder Matters
                25Item
                    12.
                
                
                Certain
                    Relationships and Related Transactions
                26Item
                    13.
                
                
                Exhibits
                26Item
                    14.
                
                
                Principal
                    Accountants Fees and Services
                27Signatures
                
                
                
                28
  2
  FORWARD
        LOOKING STATEMENTS
  CERTAIN
        STATEMENTS IN THIS ANNUAL REPORT ON FORM 10-KSB, OR THE "REPORT," ARE
        "FORWARD-LOOKING STATEMENTS." THESE FORWARD-LOOKING STATEMENTS INCLUDE, BUT
        ARE
        NOT LIMITED TO, STATEMENTS ABOUT THE PLANS, OBJECTIVES, EXPECTATIONS AND
        INTENTIONS OF MYECHECK, INC., A NEVADA CORPORATION AND OTHER STATEMENTS
        CONTAINED IN THIS REPORT THAT ARE NOT HISTORICAL FACTS. FORWARD-LOOKING
        STATEMENTS IN THIS REPORT OR HEREAFTER INCLUDED IN OTHER PUBLICLY AVAILABLE
        DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, OR THE
        "COMMISSION," REPORTS TO OUR SHAREHOLDERS AND OTHER PUBLICLY AVAILABLE
        STATEMENTS ISSUED OR RELEASED BY US INVOLVE KNOWN AND UNKNOWN RISKS,
        UNCERTAINTIES AND OTHER FACTORS WHICH COULD CAUSE OUR ACTUAL RESULTS,
        PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURE
        RESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED OR
        IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FUTURE RESULTS ARE BASED
        UPON
        MANAGEMENT'S BEST ESTIMATES BASED UPON CURRENT CONDITIONS AND THE MOST RECENT
        RESULTS OF OPERATIONS. WHEN USED IN THIS REPORT, THE WORDS "EXPECT,"
        "ANTICIPATE," "INTEND," "PLAN," "BELIEVE," "SEEK," "ESTIMATE" AND SIMILAR
        EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS,
        BECAUSE THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES.
        THERE
        ARE IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
        FROM
        THOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS, INCLUDING
        OUR
        PLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS AND OTHER FACTORS.
  3
  PART
        I
  Item
        1.
        Description of Business
  **Business
        Summary**
 
 MyECheck,
        Inc. (“MyECheck” or the “Company”) is an early stage company engaged in the
        payment processing industry; specifically MyECheck provides electronic check
        image (“e-check”) services to merchants, payment services providers, banks and
        other businesses. MyECheck was founded and incorporated in Delaware in October
        2004 to capitalize on opportunities created by the passing of The Check Clearing
        for the 21 st Century
        Act (“Check 21”). MyECheck has commenced formal business operations and is
        generating revenue.
 
 MyECheck
        was created to satisfy the demand for an alternative payment solution to
        credit
        and debit cards for online commerce. MyECheck has developed and utilizes
        a
        proprietary method of creating and clearing Remotely Created Check (“RCC”)
        images on behalf of its e-commerce customers, having successfully implemented
        its proprietary RCC service that enables companies to accept real-time check
        payments from consumers and businesses online or over a telephone.
 
 MyECheck
        provides additional services to support its RCC service including fraud loss
        prevention services. MyECheck also provides a number of services such as
        check
        remittance processing and remote deposit capture (“RDC”) services for brick and
        mortar companies, such as banks and retailers.
 
 Revenue
        is generated from transaction fees charged to companies that contract with
        MyECheck to utilize the Company’s services. MyECheck has experienced month over
        month revenue growth the last 4 months of 2007 and management believes that
        it
        will be possible for MyECheck to be generating positive operating cash flows
        within the second calendar quarter of 2008. As of January 2008, MyECheck
        had
        secured an initial group of merchant contracts and was working to close
        additional pending agreements.
 
 MyECheck
        entered into a merger agreement with Sekoya Holdings Ltd., a Nevada corporation
        in November 2007, amended and restated February 4, 2008. The merger was
        effective March 14, 2008. Shareholders of Sekoya at the time of the merger
        would
        own approximately 40% of the shares of the surviving company and shareholders
        of
        MyECheck would own approximately 60% of the surviving company, with all parties
        being diluted by additional financing to be completed following the Merger
        (excluding 2,000,000 shares to be held in escrow as remedies for breaches
        of the
        Merger Agreement)
 
 **About
        Check 21**
 
 Check
        21
        was signed into law on October 28, 2003, and became effective on October
        28,
        2004. Check 21 is designed to foster innovation in the payments system and
        to
        enhance its efficiency by reducing some of the legal impediments to check
        truncation. The law facilitates check truncation by creating a new negotiable
        instrument called a substitute check, which permits banks to truncate original
        checks, to process check information electronically, and to deliver substitute
        checks to banks that want to continue receiving paper checks. A substitute
        check
        is the legal equivalent of the original check and includes all the information
        contained on the original check. The law does not require banks to accept
        checks
        in electronic form nor does it require banks to use the new authority granted
        by
        the Act to create substitute checks.
  4
  **Summary
        History of MyECheck**
 
 MyECheck
        started processing transactions on version one of its software platform in
        July
        of 2005 and continued through March of 2006, after which it ceased processing
        in
        order to further develop and refine its service offerings.
 
 During
        the period from March of 2006 through September 2007, MyECheck redesigned
        and
        developed its software platform to better suit the demands of its prospective
        customers and to ensure the accurate performance of the software.
 
 MyECheck
        has been sponsored by First Regional Bank, and successfully completed approval
        and check image file (ANSI X9.37) testing with the Federal Reserve Bank in
        the
        second quarter of 2007.
 
 Version
        two of its software platform was launched in September of 2007 and MyECheck
        has
        been steadily ramping up transaction volume on the system since
        then.
 
 **The
        Services of MyECheck**
 
 MyECheck
        offers comprehensive, easily implemented solutions that include real-time
        check
        authorization, payment guarantee, check image creation and clearing and complete
        online reporting. Set out below are services that MyECheck provides and intends
        to provide as part of its business plan.
 
 Remotely
        Created Check Service
 
 Internet
        merchants and other companies wishing to accept payments online or over a
        telephone (“Merchants”) can directly integrate with MyECheck’s payment engine.
        Payor check data is collected by the Merchant either at the Merchant’s website
        or over the telephone, and is transmitted in real-time to MyECheck for
        processing.
 
 MyECheck
        uses patent pending technology to generate RCCs in accordance with the Federal
        Reserve Check 21 specification. RCC images are formatted and are transmitted
        in
        near real-time to banks, or more commonly directly to the Federal Reserve
        for
        clearing on behalf of MyECheck’s partner bank(s).
  5
  MyECheck
        believes that its RCC service overcomes many of the shortcomings of Automated
        Clearing House (“ACH”) based e-check systems and cost-effectively provides
        higher transaction success rates, faster funds clearing and fewer returned
        items.
  MyECheck
        believes that it is positioned to capture a significant market share of the
        alternative payments industry with a viable alternative payment method for
        online payments. Compared to other online payment methods, MyECheck works
        with
        more consumers, with the ability to guarantee payments at rates lower than
        non-guaranteed card processing rates.
 
 Check
        Authorization Service
 
 MyECheck
        offers Check Authorization Service which enables merchants to verify consumer
        provided data, check the status of the customer’s bank account, provide evidence
        that the consumer has authorized the check and predict the likelihood of
        a check
        being returned unpaid. Businesses that accept payments online through MyECheck
        utilize this service to provide greater assurance that the check will clear.
        Transactions can be approved or declined based upon the results of the Check
        Authorization Service.
  Check
        Guarantee Service
 
 MyECheck
        co-markets with Check Guarantee Providers to offer Check Guarantee Service.
        The
        Check Guarantee Provider warranties all approved checks and reimburses the
        Payee
        for financial losses incurred as a result of returned checks. The Check
        Guarantee Provider buys the returned checks that have been warranted from
        merchants for the full face value of the returned checks. MyECheck merchants
        utilize Check Guarantee Service so that they can ship products or provide
        services immediately without having to wait for the check to clear. The Check
        Guarantee Service also eliminates the need for Merchants to collect on returned
        checks from their customers. The Check Guarantee Providers are independent
        third
        parties whose services are offered to Merchants separately from the MyECheck
        service. MyECheck is not compensated by, and does not compensate, Check
        Guarantee Providers. MyECheck may in the future enter into compensated
        arrangements with Check Guarantee Providers.
 
 Remote
        Deposit Capture and Remittance Processing
 
 MyECheck
        provides Remote Deposit Capture and Remittance Processing Solutions that
        enable
        companies to scan paper checks at the brick and mortar point of sale or back
        office, and remit check images to MyECheck for processing. MyECheck formats
        the
        check images in accordance with the Federal Reserve Check 21 specification
        (ANSI
        X9.37) and transmits the files in near real-time directly into the check
        clearing system, as it does with its RCC image files. RDC reduces Merchant
        handling and administrative costs, eliminates paper check transportation,
        speeds
        clearing by an average of 2+ days and improves Merchant cash flow.
  6
  International
        Payment Service
 
 Through
        relationships with foreign financial services organizations, MyECheck is
        planning to add international bank transfer payment services that will allow
        MyECheck merchants to accept non-card associated bank transfers in local
        currencies from the world’s largest global markets.
 
 The
        methodology expected to be employed with the international service would
        prevent
        consumer initiated repudiation and charge-backs, eliminating most types of
        international payments fraud. This service facilitates funds collection in
        over
        50 countries and provides bank transfer remitting capabilities to bank accounts
        in over 120 countries. The system currently supports 21 currencies and will
        perform foreign exchange if required.
 
 Company
        management expects the International Payment Service to be available to its
        Merchants by the second calendar quarter of 2008
 
 Merchant
        Reporting
 
 Through
        our Merchant interface, MyECheck provides the following reports:
 
 o
            Detailed
                transaction history o
            Successful o
            Failed o
            MyECheck
                fees and settlement statements 
 In
        addition to the above, pertinent information is returned at the end of each
        transaction to facilitate reporting on the Merchant side.
 
 **Company
        Competition**
 
 Other
        new
        alternative payment brands have emerged and have experienced tremendous success
        in recent months and years. Management believes that MyECheck services are
        in
        many ways more viable, and possess greater revenue potential than other
        alternative payment services that have emerged.
 
 Most
        other alternative payment services enable consumers to pay with either payment
        cards or ACH based e-checks. One of the shortcomings of many of these payment
        brands is that the consumer is redirected off of the merchant’s site in order to
        complete the transaction.
 
 The
        check
        is the largest non-cash payment method in the US, demonstrating that people
        often prefer to use checks over cards. In the past 5 years, the number of
        online
        check transactions per quarter has grown from 742,660 to 318,484,650,
        approximately a 428% growth rate. In spite of this, many online merchants
        and
        businesses offer no alternative to cards, resulting in lost sales due to
        many
        consumers’ inability or unwillingness to purchase cards.
  7
  MyECheck
        provides access to more US consumers than any other payment method because
        it
        can be used to clear checks from 100% of US checking accounts, including
        business accounts and accounts where ACH does not work. MyECheck facilitates
        faster funds clearing than cards or ACH providing same day or next day
        availability of funds to the merchant’s bank. MyECheck also offers fraud control
        tools including bank account verification, negative check-writer database
        queries and payment guarantee at lower rates.
 
 Because
        MyECheck does not use the ACH network, transactions are not subject to National
        Automated Clearing House Association (“NACHA”) regulation, including their
        rules, fees and fines. MyECheck RCCs are governed by Uniform Commercial Code
        (State check laws), and Check 21 law, which is more favorable to the Payee
        than
        NACHA rules and facilitates higher returned item collection rates. The lower
        number of returns and higher return collection rates translates to fewer
        losses,
        lower fees for payment guarantee and higher profit margins for MyECheck
        Merchants.
 
 **E-commerce
        & Internet Industry**
 
 Significant,
        continuing growth was seen in the global Internet and E-Commerce sector in
        2007.
        This growth is expected to continue through 2008, 2009, 2010 and the foreseeable
        future.
 
 Worldwide,
        more than one billion people are using the Internet. The number of American
        homes and businesses with broadband access capabilities tops 50 million,
        and a
        plethora of new services, entertainment options and time-saving solutions
        have
        become widely available. The U.S. population is becoming more tech-savvy,
        with
        at least 72% of American adults surfing the net on a regular basis. Confidence
        in security for online transactions is on the rise, as is the ease of use
        of
        most retail web sites.
 
 Online
        advertising, including paid search inclusion at sites like Google and Yahoo!,
        has ballooned into a $10 billion business in the U.S. alone, threatening
        traditional advertising venues of all types.
 
 Retailing
        online continues to be a booming business. Total US online sales, excluding
        auctions and business to business, reached approximately $160 billion in
        the
        first 10 months of 2007, up from $130 billion for the same period in 2006,
        $89
        billion during 2005, and about $71 billion in 2004.
 
 Management
        believes that new methods of taking advantage of efficiencies created by
        the
        Internet are becoming widely accepted as access to high-speed broadband Internet
        connections become commonplace. Users of the Internet (both business and
        consumer) are multiplying around the globe, and many companies are earning
        substantial profits in serving those users.
 
 The
        migration to more efficient payment mechanisms is affected by innovations,
        incentives, and regulation. While advances in technology have yielded numerous
        payment method alternatives, many have not been widely adopted. Numerous
        payment
        innovations have not been widely adopted because many payment system
        participants lacked sufficient incentives to change consumer behavior.
  8
  Gaining
        market adoption is a major challenge in the migration to efficient payment
        mechanisms. This can be particularly difficult considering the deep emotional
        attachment of consumers to more traditional payment forms, e.g., checks,
        in the
        United States. There are incentives that make U.S. consumers and businesses
        more
        likely to adopt less efficient and less secure payment instruments, such
        as
        credit and signature-based debit cards.
 
 Weak
        authentication procedures are a main factor driving fraud. The legal and
        regulatory framework protects consumers differently based on the payment
        instrument used to make purchases.
 
 According
        to a survey published June 29, 2006, approximately 74% of consumers would
        be
        willing to spend about $960 more per year on music, games, subscriptions,
        and
        other digital content online if they could use a form of payment that’s safer
        and more convenient than a credit or debit card. Given current estimates
        of
        active consumers online, that adds up to $14.4 billion in forgone sales annually
        for Internet-based content sellers, according to Javelin Strategy &
Research.
 
 Aside
        from those who say they would buy more if given alternatives, some 72% of
        online
        consumers said they have abandoned a purchase when it came time to make payment.
        The major finding of the poll is that the availability of secure and convenient
        payment options beyond traditional credit and debit cards can drive significant
        incremental purchases, subscriptions, and transactions.
 
 Although
        many new payment schemes exist today with many more on the horizon, the vast
        majority of these systems continue to be based upon the two fundamental payment
        methods, credit and debit.
 
 Successful
        solutions such as PayPal and more recently BillMeLater offer a slight twist
        to
        the traditional payment mechanism of credit cards. PayPal for example, whose
        primary merchant customers are small retailers who typically are not large
        enough to qualify for their own merchant account at a bank, offers consumer
        payment options consisting of either credit cards or bank debit through the
        ACH
        network.
 
 BillMeLater
        is a credit based system whereby the consumer applies for and, if approved,
        is
        granted a line of credit at the time of the transaction.
 
 All
        other
        e-check (online electronic check) solutions are based upon the ACH (automated
        clearing house) system. ACH transactions are bank electronic funds transfers
        whereby the consumer’s bank account is debited and the recipients account is
        credited. ACH transactions work reasonably well in most instances, however
        the
        system does suffer from some shortcomings which have impacted
        adoption.
  9
  ACH
        transactions are governed by NACHA, (the National Automated Clearing House
        Association), which imposes a substantial number of rules and regulations
        upon
        the transactions and their users. Compliance with the many, and continuously
        updating, NACHA operating rules can be complicated for Merchants.
 
 ACH
        transactions take several days to clear through the system. During the clearing
        period the recipient has no way to determine if the transaction is even going
        clear or if it will result in an administrative return. ACH has more than
        60
        reasons why a transaction can fail. Many times it is because the consumer’s bank
        has chosen not to participate in ACH, or hasn’t performed the correct system
        integration.
 
 Checks
        continue to be the number one non-cash payment method in the US, with the
        value
        of checks processed annually around one hundred trillion dollars. Up to 45%
        of
        adults either have no payment cards or have no available credit on their
        cards,
        meaning that as many as 80 Million US adults have no ability to buy online
        at
        the many websites that only accept cards.
 
 Many
        online merchants are dissatisfied with credit card and ACH solutions, and
        many
        online industries such as travel and brokerage have no check solution at
        all.
        Management believes this provides MyECheck with a significant market
        opening.
 
 **Employees
        and Contractors**
 
 As
        of
        January 1, 2008, MyECheck had 4 full time employees and 6 independent
        contractors. MyECheck expects to add 2 full time employees during the first
        calendar quarter of 2008.
 
 **Leases**
 
 The
        Company leases its corporate office under a non-cancelable rental agreement
        through December 2009. Monthly payments at the inception of the lease terms
        were
        $ 8,576 and increase 4% annually.
  **Regulation**
 
 MyECheck
        is not currently subject to direct federal, state or local regulation, and
        laws
        or regulations applicable to access to or commerce on the Internet, other
        than
        regulations applicable to businesses generally. MyECheck provides transaction
        processing services and does not conduct transactions or hold or transfer
        cash
        itself. However, there can be no assurances that MyECheck will not be subject
        to
        such regulation in the future.
  10
  **Cost
        of Compliance with Environmental Regulation**
 
 MyECheck
        currently has no costs associated with compliance with environmental
        regulations. However, there can be no assurances that MyECheck will not incur
        such costs in the future.
 
 **Software
        Development**
 
 In
        April
        2006, MyECheck entered into an open ended software development agreement
        with R
        Systems International Ltd., a software product development company, and that
        agreement continues to be in effect. MyECheck also develops some of its software
        in-house. During the past two years, research and development costs associated
        with the development of the software have been approximately $138,531.
 MyECheck
        owns all rights to its software and has a patent pending with respect to
        its
        software.
 
 **Business
        Partners**
 
 MyECheck
        has entered into a Processor Agreement with First Regional Bank. First Regional
        Bancorp (NASDAQ: FRGB) is a bank holding company headquartered in Century
        City,
        California. Its subsidiary, First Regional Bank, specializes in providing
        businesses and professionals with the management expertise of a major bank
        and
        the personalized service of an independent. First Regional Bank offers the
        latest technology combined with a higher level of service, responsiveness
        and
        cost savings not found at other institutions.
 
 First
        Regional Bank has sponsored MyECheck at the Federal Reserve Bank, and MyECheck
        is permitted to use First Regional Bank’s FedLine account to electronically
        access the Federal Reserve check clearing system.
 
 MyECheck
        has entered into an Agreement with Cardinal Commerce Corporation, a global
        leader in enabling authenticated payments, secure transactions and alternative
        payment brands for both eCommerce and mobile commerce. CardinalCommerce enables
        payment brands such as Verified by Visa, MasterCard SecureCode, PayPal, eBillme,
        Bill Me Later, Google Checkout, MyECheck, and NetCash (with Western Union
        and
        NACHA Secure Vault Payments coming soon) to a network of over 30,000 merchants
        and thousands of Banks.
 
 The
        Cardinal mobile platform leverages its merchant network, bank network and
        payment brands by linking them with end users’ mobile phones through an
        integrated mobile platform.  Cardinal's proprietary and easily deployable
        technology provides consumers, merchants, card issuers, and processors the
        ability to conduct authenticated Internet, wireless and mobile transactions
        safely and securely. Headquartered in Cleveland, Ohio, with facilities in
        the
        United States, Europe and Africa, CardinalCommerce services a global customer
        base.
  11
  MyECheck
        is substantially reliant on these agreements for its business. If MyECheck
        develops a broader base of customers and vendor relationships, that reliance
        may
        decrease, but there can be no assurances as to the timing or extent of such
        growth.
 
 **The
        Merger Agreement**
  MyECheck,
        Inc., a Delaware corporation (“MEC”) and Sekoya Holdings, Limited (a Nevada
        corporation) entered into a Merger Agreement in November 2007, which was
        amended
        and restated as of February 4, 2008, and was filed as an exhibit to the Report
        on Form 8-K filed on February 7, 2008 (the Report on Form 8-K and Merger
        Agreement are incorporated herein by reference). The merger was effective
        March
        14, 2008.
  Under
        the
        terms of the Merger Agreement, each outstanding share of MEC’s common stock was
        converted into the right to receive (a) immediately distributable 49.453119
        shares of common stock of Company and (b) additional 2.5 shares that shall
        be
        held in escrow and that shall be distributable solely as remedies for breaches
        of the Merger Agreement.  Each
        share of Company stock issued and outstanding at and as of the Effective
        Time
        will remain issued and outstanding following the Merger. At the Effective
        Time,
        Shirley Wong, the majority shareholder of Sekoya, contributed all of her
        shares
        of Company stock to the capital of the Surviving Corporation, which shares
        shall
        be immediately cancelled.
  A
        total
        of 2,000,000 shares otherwise issuable to MEC’s shareholders shall be held back
        for a period of one year (the “Escrow Shares”) for purposes of compensating MEC
        and its officers, directors, employees, agents and affiliates should they
        sustain any loss due to a breach of Company’s representations, warranties,
        covenants or agreements contained in the Merger Agreement or any related
        document (a “Loss”). Escrow Shares shall be distributed pro rata to MEC
        shareholders on a then-current price basis to cover any losses resulting
        from
        breaches of the Merger Agreement. On the one year anniversary of the merger
        date, any Escrow Shares not required to cover a loss shall be contributed
        to the
        Surviving Corporation and cancelled.
  **Item
        2: Description of Property**
  MyECheck’s
        operates its executive offices from approximately 3,300 square feet of Class
        A
        office space in a business park located in El Dorado Hills, CA. Certain
        contractors operate from their homes located in various regions throughout
        the
        country. MyECheck’s primary operational data center is located within a telco in
        Sacramento, CA. Our telephone number is (916) 932-0900.
  **Item
        3: Legal Proceedings**
  MyECheck
        may from time to time be involved in various claims, lawsuits, and disputes
        with
        third parties, actions involving allegations of discrimination, intellectual
        property infringement, or breach of contract actions incidental to the operation
        of its business. However, litigation is subject to inherent uncertainties,
        and
        an adverse result in these or other matters may arise from time to time that
        may
        harm its business. MyECheck is currently not aware of any such legal proceedings
        or claims that they believe will have, individually or in the aggregate,
        a
        material adverse affect on its business, financial condition or operating
        results.
  12
  MyECheck
        and Ed Starrs were sued in 2005 by an investor in a prior company in which
        Mr.
        Starrs was involved and which was developing a related, but different,
        technology. MyECheck intends to defend these claims vigorously. The investor
        is
        seeking return of approximately $350,000 and additional damages. This lawsuit
        has a trial set for May 19, 2008.
  **Item
        4: Submission of Matters to a Vote of Security Holders**
  There
        were no matters submitted to a vote of security holders during the fiscal
        period
        ended December 31, 2007.
  **PART
        II**
  **Item
        5: Market for Common Equity, Related Stockholder Matters and Small Business
        Issuer Purchases of Equity Securities**
  The
        Company's Common stock is presently listed on the OTC Bulletin Board under
        the
        symbol "MYEC". Our common stock has been listed on the OTC Bulletin Board
        since
        October 2006. There is currently no active trading in our common stock and
        there
        has been no active trading since our common stock has been listed on the
        OTC
        Bulletin Board. The Company can not identify any bid or ask activity for
        its
        stock prior to March 2008. . Prior to the merger, any trading in the Company’s
        shares did not represent trading based on the current operations or business
        of
        the Company.
  No
        common
        shares outstanding are eligible for sale through the use of Rule 144 under
        the
        Securities Act.
  As
        of
        December 31, 2007, the approximate number of holders of Common Stock of the
        Company is 32. As of March 31, 2008, the approximate number of holders of
        Common
        Stock of the Company is 36.
  Since
        our
        inception date, our boards of directors have not declared any dividend payments
        to the shareholders. The declaration and payment of dividends to holders
        of our
        common stock by us, if any, are subject to the discretion of our board of
        directors. Our board of directors will take into account such matters as
        general
        economic and business conditions, our strategic plans, our financial results
        and
        condition, contractual, legal and regulatory restrictions on the payment
        of
        dividends by us, and such other factors as our board of directors may consider
        to be relevant.
  The
        company has never issued securities for any equity compensation
        plan.
 
 13
 
 **Item
        6: Management's Discussion and Analysis or Plan of
        Operation**
  The
        following discussion contains certain forward-looking statements that are
        subject to business and economic risks and uncertainties, and MyECheck's
        actual
        results could differ materially from those forward-looking statements. The
        following discussion regarding the financial statements of MyECheck should
        be
        read in conjunction with the financial statements and notes
        thereto.
 
 MyECheck's
        prior full fiscal year ending December 31, 2007 is not indicative of MyECheck's
        current business plan and operations. Incorporated in October 2004, MyECheck
        currently has limited revenues and is deemed an early stage Company. This
        plan
        of operation will focus on MyECheck's business plan and operations current.
        There can be no assurance that MyECheck will generate positive cash flow
        and
        there can be no assurances as to the level of revenues, if any, MyECheck
        may
        actually achieve from its operations.
  **Implementation
        Plan**
 
 Following
        is an outline of MyECheck's plan to build a widely used payment system. The
        success of MyECheck depends on a number of factors including the careful
        selection and active participation of qualified Value Added Resellers (“VARs”)
        and Payment Service Providers (“PSPs”). The VARs / PSPs commitment to MyECheck
        will depend on the commercial viability of MyECheck’s solutions and web-based
        services.
 
 MyECheck
        targets internet payment gateways and payments software and service providers
        for partnership and reseller opportunities. Early emphasis has been on building
        sales channels through partnerships. MyECheck has experienced early success
        in
        partnerships with Cardinal Commerce and is in discussions and other major
        PSPs.
 
 In
        addition to its in-house direct sales department, MyECheck has engaged a
        number
        of specialized independent sales agents such as Sheffield Resource Network
        and
        others, who leverage their existing contacts for direct sales.
 
 MyECheck
        has an active PR program and issues press releases on a regular basis which
        generate in-bound leads and interest from industry press. Company management
        conducts interviews with national press. MyECheck attends and exhibits at
        industry trade shows, conferences and other networking events.
 
 MyECheck
        in-house sales force and independent sales agents also use email and cold
        calling marketing techniques, focusing on the industry’s largest target
        companies. MyECheck is currently in discussion with large Independent Sales
        Organizations (ISOs) regarding partnership and representation opportunities.
 
 In
        addition to the effective marketing and distribution of MyECheck’s services,
        MyECheck’s infrastructure must be able to support a significant increase in
        transaction volume. MyECheck plans to enhance its infrastructure by adding
        a new
        data center and new hardware in anticipation of increased transaction volume.
        MyECheck plans to continue to scale it’s infrastructure in advance of the
        need.
  14
  **Liquidity**
 
 As
        of
        December 31, 2007, MyECheck had cash on hand amounting to $98,732. MyECheck
        is
        currently operating cash flow negative and its operating expenses exceed
        its
        operating income. MyECheck expects to receive investments amounting to $800,000
        over the next 8 months, through Private Placement Subscription Agreements
        from
        two investors. MyECheck also may obtain an additional $12 million from the
        exercise of warrants priced at $2.00 and $4.00 per share, but there can be
        no
        assurances that the warrants will be exercised. Management believes that
        the
        combination of revenue from operations and the proceeds from investment will
        be
        sufficient to fund operations, however there can be no assurance the revenue
        will be earned or that the expected investment will materialize.
 
 There
        are
        currently no commitments for capital expenditures.
 
 There
        are
        trends in sales that would have a material affect on MyECheck. In recent
        months
        there has been a marked increase in the number of applications for MyECheck’s
        services. Management expects this trend to continue throughout 2008, however
        there can be no assurances that the current trend will continue.
 
 There
        are
        currently no guarantees or other off balance sheet arrangements.
 
 Revenue
        from operations during the full year period ended December 31, 2007 was $46,051.
        During the year ended December 31, 2006, revenue from operations was $257,200.
 
 MyECheck
        started processing transactions on version one of its software platform in
        July
        of 2005 and continued through March of 2006, after which it ceased processing
        in
        order to further develop and refine its service offerings. During the period
        from March of 2006 through September 2007, MyECheck redesigned and developed
        its
        software platform to better suit the demands of its prospective customers
        and to
        ensure the accurate performance of the software. MyECheck launched revenue
        generating operations on version two of its software platform in September
        2007.
 
 **Significant
        Risks**
 
 WE
        ARE A
        HIGH RISK, START-UP COMPANY AND, AS SUCH, THERE IS UNCERTAINTY REGARDING
        WHETHER
        WE WILL SUCCESSFULLY EXECUTE OUR BUSINESS PLAN, GENERATE ENOUGH REVENUE TO
        SUPPORT OPERATIONS, RECEIVE ANY INVESTMENT, OR ENGAGE ANY NEW CUSTOMERS.
  15
  **Product
        Risk**
 
 There
        are
        no assurances that MyECheck will continue to be able to provide its services.
        Changes in laws or interpretation of existing laws may pose significant risk
        and
        may prevent MyECheck from providing its service. MyECheck is dependent on
        a bank
        relationship and there are assurances that MyECheck will be able to maintain
        its
        current bank relationships, or develop new bank relationships.
  **Market
        Risk**
 
 There
        are
        no assurances that the market demand for MyECheck’s services exist, or will
        continue to exist in the future. The Internet and high technology industries
        are
        rapidly evolving and changing, and new products or services may be introduced
        that may make MyECheck’s services less viable or obsolete.
 
 **Reliance
        on Key Employees**
 
 At
        least
        in its early stage, the Company's business depends to a large extent on
        retaining the services of its founder, Mr. Edward R Starrs (Chairman of the
        Board of Directors and Chief Executive Officer), as well as MyECheck’s Chief
        Technical Officer Mr. R. Stephen Blandford and MyECheck’s Chief Financial
        Officer Mr. James R Heidinger. The Company's operations could be materially
        adversely affected if, for any reason, one or more of the above officers
        ceases
        to be active in MyECheck's management. MyECheck has minimized the possible
        loss
        of Mr. Starrs, Blandford and Heidinger to competitors by having each of them
        execute employment agreements containing non-competition and non-disclosure
        covenants. MyECheck has no key-person life insurance policy on any of the
        above-mentioned key personnel.
 
 **Financial
        Risk**
 
 There
        are
        no assurances that MyECheck will always have sufficient money to continue
        operationsThe auditor’s report on the audited financial statements notes that
        the Company’s existing capital deficits raise substantial doubt about the
        Company’s ability to continue as a going concern.
 
 **Competitive
        Risk**
 
 There
        are
        no assurances that MyECheck will be able to effectively compete against larger,
        better funded competitors. Although MyECheck is apparently first to market
        with
        its RCC service, competing services may be developed that may offer more
        advantages, cost less or may have higher sales and marketing success.
 
 **Dependence
        on the Internet**
 
 Because
        MyECheck’s products and services are provided directly over the Internet, the
        future success of MyECheck will depend in large part on whether the Internet
        proves to be a viable commercial marketplace. Whether because of inadequate
        development of the necessary infrastructure or as a result of fraud, or any
        other cause, if customers lack confidence in sourcing products over the
        Internet, MyECheck’s business, operating results and financial condition will be
        materially adversely affected.
  16
  **Rapid
        Technologic Change; Dependence on New Product Development**
 
 The
        Internet market in which MyECheck intends to compete is characterized by
        rapid
        and significant technological developments, frequent new product introductions
        and enhancements, continually evolving business expectations and swift changes.
        To compete effectively in such markets, MyECheck must continually improve
        and
        enhance its products and services and develop new technologies and services
        that
        incorporate technological advances, satisfy increasing customer expectations
        and
        compete effectively on the basis of performance and price. MyECheck’s success
        will also depend substantially upon its ability to anticipate, and to adapt
        its
        products and services to its collaborative partner’s preferences. There can be
        no assurance that technological developments will not render some of MyECheck's
        products and services obsolete, or that MyECheck will be able to respond
        with
        improved or new products, services, and technology that satisfy evolving
        customers’ expectations. Failure by MyECheck to acquire, develop or introduce
        new products, services, and enhancements in a timely manner could have a
        material adverse effect on MyECheck’s business, financial condition and
        operations. Also, to the extent one or more of MyECheck's competitors introduces
        products and services that better address a customer’s needs, MyECheck’s
        business would be materially adversely affected.
 
 **Delays
        in New Product and Service Development and Introduction**
 
 The
        process of developing products and services such as those offered by MyECheck
        may prove to be extremely complex and it is highly likely that MyECheck will
        experience delays in developing and introducing new products and services
        in the
        future. If MyECheck is unable to develop and introduce new products, services
        or
        enhancements to existing products and services in a timely manner in response
        to
        changing market conditions or customer requirements, MyECheck's business,
        operating results and financial conditions would be materially adversely
        affected. Also, announcements of currently planned or other new products
        and
        services may cause customers to delay their subscription decisions in
        anticipation of such products and services, which could have a material adverse
        effect on MyECheck's business, operating results and financial condition,
        especially if the introduction of such products and services is
        delayed.
 
 **Flaws
        and Defects in Products and Services**
 
 Products
        and services as complex as those offered by MyECheck may contain undetected
        flaws or defects when first introduced or as new versions are released. Any
        inaccuracy or defects may result in adverse products and service reviews
        and a
        loss or delay in market acceptance. There can be no assurance that flaws
        or
        defects will not be found in MyECheck’s products and services. If found, flaws
        and defects would have a material adverse effect upon MyECheck’s business
        operations and financial condition.
  17
  **Management
        of Potential Growth**
 
 MyECheck's
        ability to manage its future growth, if any, will require it to continue
        to
        implement and improve its operational, financial and management information
        systems and control and to hire and train new employees, including management
        and technical personnel, and also to motivate and manage its new employees
        and
        to integrate them into its overall operations and culture. Although the
        management team has successfully grown other companies, there can be no
        assurance that MyECheck will be able to perform such actions successfully.
        MyECheck's failure to manage growth effectively would have a material adverse
        effect on MyECheck’s results of operations and its ability to execute its
        business strategy.
 
 **Lack
        of a Public Market**
 
 There
        has
        not been a public market for MyECheck’s shares there are no assurances that a
        regular trading market will develop in the near term or that, if developed,
        it
        will be sustained. In the event a regular public trading market does not
        develop, any investment in MyECheck’s Common Stock would be highly illiquid.
        Accordingly, investors in MyECheck may not be able to readily sell their
        shares.
 
 **Dividends**
 
 MyECheck
        has not paid any dividends or made distributions to its investors and is
        not
        likely to do so in the foreseeable future. MyECheck presently intends to
        retain
        earnings for use in its business. Additionally, MyECheck may fund a portion
        of
        its future expansion through debt financing, and a condition of such financing
        may prohibit the payment of dividends while the debt is outstanding. Therefore,
        management's goal is to build value by increasing the size of the business
        and
        not by paying dividends.
 
 **Competition**
 
 With
        the
        ever-growing popularity of the Internet and as computer hardware (i.e., servers)
        and creating/maintaining virtual private networks becomes more affordable,
        other
        on-line services may appear or are already established which will try to
        create
        an electronic link to provide similar products and services that MyECheck
        offers. Some of those businesses may have far greater financial and marketing
        resources, operating experience and name recognition than MyECheck. Potential
        competitors include PayPal, Google Checkout, BillMeLater and others. All
        these
        companies take different approaches to processing electronic transactions
        and to
        the best of MyECheck's knowledge, none of them currently offer services of
        the
        same type as MyECheck. Notwithstanding, these potential competitors, as well
        as
        the entry of more competitors offering similar services, could have a material
        adverse effect upon MyECheck's business, operating results and financial
        condition.
  18
 **Item
        7: Financial Statements**
  The
        consolidated financial statements required to be filed pursuant to this Item
        7
        begin on page F-1 of this report.
  **Item
        8: Changes In Disagreements With Accountants on Accounting and Financial
        Disclosure**
  Berman
        & Company, P.A., Certified Public Accounts and Consultants (the “Firm”),
        have been the only auditor since inception and there have been no disagreements
        between MyECheck and the Firm.
  **Item
        8A: Controls and Procedures**
  Our
        Chief
        Executive Officer and Chief Financial Officer (the "Certifying Officers")
        are
        responsible for establishing and maintaining disclosure controls and procedures
        for the Company. The Certifying Officers have designed such disclosure controls
        and procedures to ensure that material information is made known to them,
        particularly during the period in which this report was prepared. The Certifying
        Officers have evaluated the effectiveness of the Company's disclosure controls
        and procedures within 90 days of the date of this report and believe that
        the
        Company's disclosure controls and procedures are effective based on the required
        evaluation. There have been no significant changes in internal controls or
        in
        other factors that could significantly affect internal controls subsequent
        to
        the date of their evaluation, including any corrective actions with regard
        to
        significant deficiencies and material weaknesses.
 
 **Item
        8A (T)**
 
 Internal
        control over financial reporting is a process to provide reasonable assurance
        regarding the reliability of consolidated financial reporting and the
        preparation of financial statements for external purposes in accordance with
        U.S. generally accepted accounting principles. There has been no change in
        the
        Company’s internal control over financial reporting during the year ended
        December 31, 2007 that has materially affected, or is reasonably likely to
        materially affect, the Company’s internal control over financial
        reporting.
 
 The
        Company’s management, including the Company’s CEO and CAO, does not expect that
        the Company’s disclosure controls and procedures or the Company’s internal
        controls will prevent all errors and all fraud. A control system, no matter
        how
        well conceived and operated, can provide only reasonable, not absolute,
        assurance that the objectives of the control system are met. Further, the
        design
        of a control system must reflect the fact that there are resource constraints,
        and the benefits of controls must be considered relative to their costs.
        Because
        of the inherent limitations in all control systems, no evaluation of the
        controls can provide absolute assurance that all control issues and instances
        of
        fraud, if any, within the Company have been detected.
  19
  Management
        conducted an evaluation of the effectiveness of our internal control over
        financial reporting based on the framework in Internal Control - Integrated
        Framework issued by the Committee of Sponsoring Organizations of the Treadway
        Commission. Based on this evaluation, management concluded that the company’s
        internal control over financial reporting was effective as of December 31,
        2007.
 
 Berman
        & Company, P.A., the Company’s independent registered public accounting
        firm, has not issued an attestation report on the effectiveness of the Company’s
        internal controls over financial reporting since we are not yet required
        to
        comply with this provision of Section 404(B) of the Sarbanes-Oxley
        Act.
  Changes
        in Internal Control over Financial Reporting
  There
        were no changes in the Company’s internal control over financial reporting
        during the Company’s fiscal quarter ending December 31, 2007, that have
        materially affected, or are reasonably likely to materially affect, the
        Company’s internal control over financial reporting.
  **Item
        8B: Other Information**
  None
  **Item
        9: Directors, Executive Officers, Promoters and Control Persons; Compliance
        with
        Section 16(a) of the Exchange Act**
  There
        is
        no involvement by any of Director, Executive Officer or Control Person in
        bankruptcy, criminal proceeding, injunctions, or violation of securities
        law in
        the past 5 years.
 
 The
        following table sets forth the names and ages of the current directors and
        executive officers of MyECheck, the principal offices and positions with
        MyECheck held by each person and the date such person became a director or
        executive officer of MyECheck. The executive officers of MyECheck are elected
        annually by the Board of Directors. The directors serve one year terms until
        their successors are elected. The executive officers serve terms of one year
        or
        until their death, resignation or removal by the Board of Directors. There
        are
        no family relationships between any of the directors and executive officers.
        In
        addition, there was no arrangement or understanding between any executive
        officer and any other person pursuant to which any person was selected as
        an
        executive officer.
  20
  The
        directors and executive officers of MyECheck are as follows:
 
 **Name**
              
              **Age**
              
              **Position(s)**
              
              **Date
                  Appointed**Edward
                  Robert Starrs
              
              47
              
              President
              
              October
                  29, 2004Chief
                  Executive OfficerChairman
                  of the BoardDirectorRobert
                  Stephen Blandford
              
              47
              
              Vice
                  President of Technology
              
              October
                  29, 2004Chief
                  Technology OfficerSecretaryDirectorJames
                  Ronald Heidinger
              
              51
              
              Vice
                  President of Finance
              
              May
                  15, 2006Chief
                  Financial OfficerTreasurerDirector
  Edward
        R Starrs
 
 Mr.
        Starrs has 20 years experience as an international business executive with
        management experience in multiple industries. He has been an officer and
        director of MyECheck since its formation in 2004. Previously, Mr. Starrs
        was
        President of Starnet Systems International, Inc., a wholly owned subsidiary
        of a
        public company that was processing more than $2 billion annually in Internet
        transactions.
 
 Mr.
        Starrs owned and operated several successful companies including, ERS Marketing,
        Inc., where he produced over $20 million in contracts for his clients, and
        Bay
        Distributing, Inc. a major distributor of over 800 product categories to
        Fortune
        500 accounts **.**
 
 From
        January, 2002 through October, 2004, Mr. Starrs was President of Digency,
        Inc.,
        an online payment processing company engaged in credit card and eCheck
        transaction processing for Internet Merchants.
 
 Starrs
        has also held senior management positions with Fortune 100 companies including
        McCaw Communications, Inc. (AT&T), and AMF, Inc., the world’s largest
        sporting goods conglomerate.
  21
  R
        Stephen Blandford
 
 Mr.
        Blandford possesses more than 15 years experience as a Senior Information
        Technology Professional including serving as CTO for companies in the online
        entertainment and gaming industries.
 
 Mr.
        Blandford’s professional experience includes i2 Corp, MXM Media, Maxum
        Entertainment Group, Perspective Technologies, WinStreak and others.
 
 From
        January 2002 through October 2004, Mr. Blandford was Chief Technology Officer
        for Digency, Inc., an online payment processing company engaged in credit
        card
        and eCheck transaction processing for Internet Merchants.
 
 Mr.
        Blandford has expertise in the design and implementation of Java streaming
        media
        solutions for multiple platforms, using Coldfusion, PHP, & SQL DBs. For more
        than a decade Blandford has architected systems featuring virtually every
        emerging technology.
 
 James
        Heidinger, BS, CPA
 
 During
        the period from 2000 through 2005, Mr. Heidinger served as Chief Financial
        Officer for ORBA Financial Management, an investment and insurance sales
        and
        marketing firm licensed in all 50 states.  With over 450 independent
        registered representatives and premium and investment sales of over $750
        million, ORBA is the top production leader for Western Reserve Life and
        InterSecurities, both subsidiaries of AEGON NV, the third largest international
        insurance firm in the world and a major investor in ORBA Financial Management.
 
 Previously,
        Mr. Heidinger was recruited to create and implement a corporate accounting
        system, provide financial statements, perform a systems conversion and set
        up a
        cash management system for Cucina Holdings, Inc. a $50 million food and beverage
        manufacturer, wholesaler and retailer.  Its branded names include Java City
        Coffee, Caravali Coffees and La Petite Boulangerie.
 
 Audit
        Committee Financial Expert
  We
        do not
        have an audit committee financial expert as we believe the cost related to
        retaining a financial expert at this time is prohibitive. Further, because
        we
        are only beginning our commercial operations, at the present time, we believe
        the services of a financial expert are not warranted.
  Conflicts
        of Interest
  The
        only
        conflict that we foresee is that our officers and directors devote time to
        projects that do not involve us.
  22
  SECTION
        16(A) BENEFICIAL OWNER REPORTING COMPLIANCE
  Section
        16(a) of the Securities and Exchange Act of 1934 requires that the Company's
        directors, executive officers, and persons who own more than 10% of registered
        class of the Company's equity securities, or file with the Securities and
        Exchange Commission (SEC), initial reports of ownership and report of changes
        in
        ownership of common stock and other equity securities of the Company. Officers,
        directors, and greater than 10% beneficial owners are required by SEC regulation
        to furnish the Company with copies of all Section 16(a) reports they file.
        As of
        the fiscal year ending December 31, 2006, Form 3 reports were not timely
        filed
        by Shirley Wong, the Company's President.
  Code
        of
        Ethics
  The
        Company has adopted code of ethics for all of the employees, directors and
        officers which is attached to this Annual Report as Exhibit 14.1.
  **Item
        10: Executive Compensation**
  On
        January 1, 2007, MyECheck entered into a three year Employment Agreement
        with
        Mr. Edward R Starrs, MyECheck's President and Chief Executive Officer, whereby
        MyECheck will pay Mr. Starrs an annual salary of $240,000. The Agreement
        also
        requires MyECheck to provide, at its expense, complete health insurance coverage
        for Mr. Starrs and his children.
 
 MyECheck
        pays. R Stephen Blandford, MyECheck's Vive President of Technology and Chief
        Technology Officer, an annual salary of $90,000 and provides health insurance
        coverage for Mr. Blandford **.**
 
 MyECheck
        pays Mr. James R Heidinger, MyECheck's Vice President of Finance and Chief
        Financial Officer, an annual salary of $135,000 and provides health insurance
        coverage for Mr. Heidinger. ****
 
 MyECheck
        does not provide compensation for its directors.
 
 The
        following table sets forth the total compensation MyECheck pays its
        Officers.
  **Annual
                  Compensation**
              
              
              **Long-Term
                  Compensation****Awards**
              
              
              **Pay-outs****Name
                  and Principal Position**
              
              
              **Year**
              
              
              **Salary($)**
              
              
              **Bonus($)**
              
              
              **Other
                  Annual Compen-sation ($)**
              
              
              **Restricted
                  Stock Award(s) ($)**
              
              
              **Securities
                  Under-lying Options/SARs (#)**
              
              
              **LTIP
                  Payouts**
              
              
              **All
                  Other Compen-sation ($)**Edward
                  R Starrs
              
              
              2008
              
              
              240,000
              
              
              0
              
              $
              10,919
              
              
              0
              
              
              0
              
              
              0
              
              
              0(Chairman
                  & CEO)R
                  Stephen Blandford
              
              
              2008
              
              
              90,000
              
              
              0
              
              
              5,777
              
              
              0
              
              
              0
              
              
              0
              
              
              0(Chief Technology
                Officer,
                Director)James
                  R Heidinger
              
              
              2008
              
              
              135,000
              
              
              0
              
              
              7,830
              
              
              0
              
              
              0
              
              
              0
              
              
              0(Chief
                  Financial Officer, Director)
 
 23
  Option/SAR
        Grants
  There
        are
        no stock option, retirement, pension, or profit sharing plans for the benefit
        of
        our officers and directors.
  Long-Term
        Incentive Plan Awards
  We
        do not
        have any long-term incentive plans.
  Compensation
        of Directors
  We
        do not
        have any plans to pay our directors any compensation for Board participation.
  Indemnification
  The
        Corporation Laws of the State of Nevada and MyECheck's Bylaws provide for
        indemnification of MyECheck's Directors for liabilities and expenses that
        they
        may incur in such capacities. In general, Directors and Officers are indemnified
        with respect to actions taken in good faith in a manner reasonably believed
        to
        be in, or not opposed to, the best interests of MyECheck, and with respect to
        any criminal action or proceeding, actions that the indemnitee had no reasonable
        cause to believe were unlawful. Furthermore, the personal liability of the
        Directors is limited as provided in MyECheck's Articles of
        Incorporation
  Regarding
        indemnification for liabilities arising under the Securities Act of 1933,
        which
        may be permitted to directors or officers under Nevada law, we are informed
        that, in the opinion of the Securities and Exchange Commission, indemnification
        is against public policy, as expressed in the Act and is, therefore,
        unenforceable.
  24
  **Item
        11: Security Ownership of Certain Beneficial Owners and Management and Related
        Stockholder Matters**
 
 The
        following table sets forth information with respect to MyECheck's equity
        securities owned of record or beneficially by (i) each Officer and Director
        of
        MyECheck; (ii) each person who owns beneficially more than 5% of each class
        of
        MyECheck's outstanding equity securities; and (iii) all Directors and Executive
        Officers as a group, after giving effect to Merger and to the financing and
        warrant transactions described herein.
  Name
                    and Address of Beneficial Owner
                
                Common
                    Stock
                
                PercentageEdward
                    Robert Starrs
                
                
                31,161,251
                
                
                42.15
                %674
                    Platt CircleEl
                    Dorado Hills, CA 95762Robert
                    Stephen Blandford
                
                
                2,769,375
                
                
                3.75
                %2624
                    Alana CtCameron
                    Park, CA 95682James
                    Ronald Heidinger
                
                
                1,978,125
                
                
                2.68
                %488
                    Lakeridge CourtEl
                    Dorado Hills, CA 95762Anshan
                    Finance Ltd*
                
                
                4,000,000
                
                
                5.41
                %Jasmine
                    Court35A
                    Regent StreetBelize
                    City, BelizeYoungal
                    Group Ltd.*
                
                
                4,000,000
                
                
                5.41
                %Jasmine
                    Court35A
                    Regent StreetBelize
                    City, Belize
 
 *
        Anshan
        Finance Ltd has agreed to purchase 2,000,000 shares from MyECheck for
        $1,000,000, and has acquired warrants from MyECheck to acquire an additional
        2,000,000 shares from MyECheck at the price of $2.00 per share. Youngal
        Group Ltd. has
        agreed to purchase 2,000,000 shares from MyECheck for $1,000,000, and has
        acquired warrants from MyECheck to acquire an additional 2,000,000 shares
        from
        MyECheck at the price of $4.00 per share. Youngal
        Group Ltd. owes
        MyECheck $800,000 pursuant to a subscription payable and the remaining
        investment has been received by MyECheck.
 
 Except
        as
        described above, there are currently no options, warrants, rights or other
        securities conversion privileges granted to our officers, directors or
        beneficial owners.
  Securities
        Authorized for Issuance Under Equity Compensation Plans.
  We
        have
        no equity compensation plans.
  25
  **Item
        12: Certain Relationships and Related Transactions**
 MyECheck
        has entered into subscription agreements with Youngal Group Ltd. and Anshan
        Finance Ltd. (together the “Investors”) who have agreed, in the aggregate, to
        purchase 4,000,000 shares of MyECheck’s common stock (the “Shares”) following
        the Effective Time of the Merger. The Shares will be issued in reliance upon
        an
        exemption from the registration requirements of the Securities Act of 1933
        (the
“Act”) provided by Regulation S and may only be transferred in accordance with
        the provisions of Regulation S, pursuant to an effective registration under
        the
        Act, or pursuant to an available exemption from registration under the Act
  In
        connection with the sale of the Shares, MyECheck has entered into warrant
        agreements with Youngal Group Ltd. and Anshan Finance Ltd. (the “Warrants”). The
        terms of the Warrants provide the Investors the opportunity to purchase up
        to
        4,000,000 additional shares of MyECheck’s common stock for a purchase price of
        $4.00 per share or $2.00 per share, respectively. The Warrants may only be
        exercised following the effective time of the proposed merger between MyECheck
        and Sekoya and the right to exercise the warrants terminates as of 5:00 p.m.
        local time in Vancouver, B.C. on the third anniversary of issuance. The Warrants
        were issued in reliance upon an exemption from the registration requirements
        of
        the Act provided by Regulation S and may only be transferred in accordance
        with
        the provisions of Regulation S, pursuant to an effective registration under
        the
        Act, or pursuant to an available exemption from registration under the
        Act.
  The
        Investors are affiliates of Shirley Wong, a promoter of Sekoya.
 
 MyECheck
        is not required as a Bulletin Board listed company to have independent directors
        and at the present time does not have any directors who are not also members
        of
        management.
 
 **Item
        13: Exhibits**
  Exhibit No.
                
                Description3.1*
                
                Articles of Incorporation of the
                  Company
                  (incorporated by reference to the Form 10-SB filed with the Securities
                  and
                  Exchange Commission on January 18, 2006)3.2*
                
                Bylaws of the Company (incorporated
                  by
                  reference to the Form SB-2 filed with the Securities and Exchange
                  Commission on January 18, 2006)10.1
                
                Amended and Restated Merger Agreement
                  (incorporated by reference to the Form 8-K filed with the Securities
                  and
                  Exchange Commission on February 7, 2008).10.2
                
                Employment
                    Agreement with Ed Starrs10.3
                
                Form of Warrant Agreements for
                  Investors14
                
                Code of Ethics31
                
                Certification of the Chief Executive
                  Officer
                  and Chief Financial Officer pursuant to Rule 13a-14 of the Securities
                  and
                  Exchange Act of 1934 as amended, as adopted pursuant to Section
                  302 of the
                  Sarbanes-Oxley Act of 200232
                
                Certification of the Chief Executive
                  Officer
                  and Chief Financial Officer pursuant to 18 U.S.C. Section 1350
                  as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
  26
  **Item
        14: Principal Accountant Fees and Services**
  1)
        Audit
        Fees
  The
        aggregate fees billed for the last two fiscal years for professional services
        rendered by the principal accountant for the audit of the Company's annual
        financial statements and review of financial statements included in the
        Company's Form 10-QSBs or services that are normally provided by the accountant
        in connection with statutory and regulatory engagements for those fiscal
        years
        was:
  2007
        -
        Berman & Company, P.A.  $20,000
  2006
        -
 Berman & Company, P.A. - $37,000
 
 2)
        Audit
        - Related Fees
  The
        aggregate fees billed in each of the last two fiscal years for assurance
        and
        related services by the principal accountants that are reasonably related
        to the
        performance of the audit or review of the Company's financial statements
        and are
        not reported in the preceding paragraph:
  2007
        -
        Berman & Company, P.A.  $6,000
  2006
        -
        Berman & Company, P.A.   None
  3)
        Tax
        Fees - None
  The
        aggregate fees billed in each of the last two fiscal years for professional
        services rendered by the principal accountant for tax compliance, tax advice,
        and tax planning was:
  2007
        -
        Berman & Company, P.A. - None
  2006
        -
        Berman & Company, P.A.  None
  4)
        All
        Other Fees
  The
        aggregate fees billed in each of the last two fiscal years for the products
        and
        services provided by the principal accountant, other than the services reported
        in paragraphs (1), (2), and (3) was:
  2007
        -
        Berman & Company, P.A.  None
  2006
        -
        Berman & Company, P.A.  None
  27
  **SIGNATURES**
  Pursuant
        to the requirements of Section 13 or 15(d) of the Securities Exchange Act
        of
        1934, the Registrant has duly caused this report to be signed on its behalf
        by
        the undersigned, thereunto duly authorized on this 12th day of February,
        2008
  MyECheck,
        Inc.
  (Registrant)
  By:
        /s/
        Ed Starrs
  Ed
        Starrs
  President
        and Chief Executive Officer
   Pursuant
        to the requirements of the Securities Exchange Act of 1934, this report has
        been
        signed below by the following persons on behalf of the registrant and in
        the
        capacities and on the dates indicated:
  Signature
                
                Title
                
                Date/s/ Ed Starrs
                
                
                
                March
                    31, 2008Edward Robert Starrs
                
                President, Chief Executive Officer,Chairman of the Board, Director/s/ James Heidinger
                
                
                
                March
                    31, 2008James Ronald Heidinger
                
                Vice President of Finance,Chief Financial Officer, Treasurer,
                  Director/s/ Robert Stephen Blandford
                
                
                
                March
                    31, 2008Robert Stephen Blandford
                
                Vice President of Technology,Chief Technology Officer, Secretary,
                  Director
  28




**MYECHECK,
      INC.**


**FINANCIAL
      STATEMENTS**


**DECEMBER
      31, 2007 AND 2006**







F-1




**Contents**




PageReport of Independent Registered Public
              Accounting Firm
            
            F-3Balance Sheets as of December 31, 2007
              and
              2006
            
            F-4Statements of Operations for the Years
              Ended
              December 31, 2007 and 2006
            
            F-5Statements of Changes in Stockholders’
              Deficit for the Years Ended December
              31, 2007 and 2006
            
            F-6Statements of Cash Flows for the Years
              Ended
              December 31, 2007 and 2006
            
            F-7Notes to Financial Statements
            
            F-8 -
                F-17




F-2


**REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**





To
      the
      Board of Directors and Stockholders of


MyECheck,
      Inc.





We
      have
      audited the accompanying balance sheets of MyECheck, Inc. as of December 31,
      2007 and 2006, and the related statements of operations, stockholders’ deficit,
      and cash flows for the years ended December 31, 2007 and 2006. These financial
      statements are the responsibility of the Company's management. Our
      responsibility is to express an opinion on these financial statements based
      on
      our audits.





We
      conducted our audits in accordance with the standards of the Public Company
      Accounting Oversight Board (United States). Those standards require that we
      plan
      and perform the audit to obtain reasonable assurance about whether the financial
      statements are free of material misstatement. The Company is not required to
      have, nor were we engaged to perform, an audit of its internal control over
      financial reporting. Our audit included consideration of internal control over
      financial reporting as a basis for designing audit procedures that are
      appropriate in the circumstances, but not for the purpose of expressing an
      opinion on the effectiveness of the Company’s internal control over financial
      reporting. Accordingly, we express no such opinion. An audit includes examining,
      on a test basis, evidence supporting the amounts and disclosures in the
      financial statements. An audit also includes assessing the accounting principles
      used and significant estimates made by management, as well as evaluating the
      overall financial statement presentation. We believe that our audits provide
      a
      reasonable basis for our opinion.





In
      our
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of MyECheck, Inc., as of December
      31,
      2007 and 2006, and the results of their operations, changes in stockholders’
deficit and cash flows for the years ended December 31, 2007 and 2006, in
      conformity with accounting principles generally accepted in the United States
      of
      America.





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern. As discussed in Note 3 to the financial
      statements, the Company has a net loss of $710,469 and net cash used in
      operations of $999,507 for the year ended December 31, 2007, and at December
      31,
      2007 had a working capital deficit of $1,260,709, an accumulated deficit of
      $1,366,944 and a stockholders’ deficit of $1,266,673. These factors raise
      substantial doubt about the Company’s ability to continue as a going concern.
      Management’s plan in regards to these matters is also described in Note 3. The
      financial statements do not include any adjustments that might result from
      the
      outcome of this uncertainty.








Berman
      & Company, P.A.








Boca
      Raton, Florida


March
      21,
      2008




F-3


**MyECheck,
            Inc.**
 **Balance
            Sheets**
  **December
                      31,****2007**
                  
                  **2006****ASSETS****Current
                      Assets**Cash
                  
                  $
                  98,732
                  
                  $
                  894**Total
                      Current Assets**
                  
                  
                  98,732
                  
                  
                  894**Other
                      Assets**Deposit
                  
                  
                  12,864
                  
                  
                  12,864**Total
                      Assets**
                  
                  $
                  111,596
                  
                  $
                  13,758**LIABILITIES
                      AND STOCKHOLDERS' DEFICIT****Current
                      Liabilities**Cash
                      overdraft
                  
                  $
                  41,312
                  
                  $
                  41,312Accounts
                      payable
                  
                  
                  21,361
                  
                  
                  82,250Accrued
                      expenses
                  
                  
                  -
                  
                  
                  256,286Accrued
                      rent
                  
                  
                  53,221
                  
                  
                  -Accrued
                      compensation - officer
                  
                  
                  -
                  
                  
                  43,912Loans
                      payable - related parties
                  
                  
                  43,547
                  
                  
                  143,702Loan
                      payable - other
                  
                  
                  -
                  
                  
                  2,500Capital
                      stock subscribed
                  
                  
                  1,200,000
                  
                  
                  -**Total
                      Current Liabilities**
                  
                  
                  **1,359,441**
                  
                  
                  **569,962****Long-term
                      Liabilities**Accrued
                      rent
                  
                  
                  18,828
                  
                  
                  **-****Total
                      Liabilities**
                  
                  
                  **1,378,269**
                  
                  
                  **569,962**Commitments
                      and Contingencies (See note 7)**Stockholders'
                      Deficit**Common
                      stock, $0.00001 par value, 1,000,000 shares authorized800,000
                      shares issued and outstanding
                  
                  
                  8
                  
                  
                  8Additional
                      paid in capital
                  
                  
                  100,263
                  
                  
                  100,263Accumulated
                      deficit
                  
                  
                  (1,366,944
                  )
                  
                  (656,475
                  )**Total
                      Stockholders' Deficit**
                  
                  
                  **(1,266,673**
                  **)**
                  
                  **(556,204**
                  **)****Total
                      Liabilities and Stockholders' Deficit**
                  
                  $
                  111,596
                  
                  $
                  13,758
   See
                accompanying notes to financial statements
 F-4
 **MyECheck,
            Inc.**
 **Statements
            of Operations**
  **For
                      the Years EndedDecember 31,****2007**
                  
                  **2006****Processing
                      Revenues**
                  
                  $
                  46,051
                  
                  $
                  257,220**Operating
                      Expenses**General
                      and administrative
                  
                  
                  892,770
                  
                  
                  453,222Processing
                      expense
                  
                  
                  (189,884
                  )
                  
                  308,988Research
                      and development
                  
                  
                  53,634
                  
                  
                  84,897**Total
                      Operating Expenses**
                  
                  
                  756,520
                  
                  
                  847,107**Net
                      Loss**
                  
                  $
                  (710,469
                  )
                  $
                  (589,887
                  )**Net
                      Loss Per Share - Basic and Diluted**
                  
                  $
                  (0.89
                  )
                  $
                  (0.79
                  )**Weighted
                      average number of shares outstanding****during
                      the year - basic and diluted**
                  
                  
                  **800,000**
                  
                  
                  **742,553**
 See
                  accompanying notes to financial statements
 F-5
 **MyECheck,
            Inc.**
 **Statements
            of Changes in Stockholders' Deficit**
 **Years
            Ended December 31, 2007 and 2006**
  **Additional****Common
                      Stock**
                  
                  **Paid-in**
                  
                  **Accumulated****Shares**
                  
                  **Amount**
                  
                  **Capital**
                  
                  **Deficit**
                  
                  **Total****Balance,
                      December 31, 2005**
                  
                  
                  704,000
                  
                  $
                  8
                  
                  $
                  63
                  
                  $
                  (66,588
                  )
                  $
                  (66,517
                  )Issuance
                      of common stock for cash ($2.50/share)
                  
                  
                  40,000
                  
                  
                  -
                  
                  
                  100,000
                  
                  
                  -
                  
                  
                  100,000Stock
                      issued for consulting services - related party
                      ($0.001/share)
                  
                  
                  40,000
                  
                  
                  -
                  
                  
                  40
                  
                  
                  -
                  
                  
                  40Stock
                      issued for consulting services - related party
                      ($0.01/share)
                  
                  
                  16,000
                  
                  
                  -
                  
                  
                  160
                  
                  
                  -
                  
                  
                  160Net
                      Loss, 2006
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (589,887
                  )
                  
                  (589,887
                  )**Balance,
                      December 31, 2006**
                  
                  
                  800,000
                  
                  
                  8
                  
                  
                  100,263
                  
                  
                  (656,475
                  )
                  
                  (556,204
                  )Net
                      Loss, 2007
                  
                  
                  -
                  
                  
                  -
                  
                  
                  -
                  
                  
                  (710,469
                  )
                  
                  (710,469
                  )**Balance,
                      December 31, 2007**
                  
                  
                  **800,000**
                  
                  **$**
                  **8**
                  
                  **$**
                  **100,263**
                  
                  **$**
                  **(1,366,944**
                  **)**
                  **$**
                  **(1,266,673**
                  **)**
 See
                  accompanying notes to financial statements
 F-6
 **MyECheck,
            Inc.**
 **Statements
            of Cash Flows**
  **For
                      the Years EndedDecember 31,****2007**
                  
                  **2006****Cash
                      Flows from Operating Activities:**Net
                      loss
                  
                  $
                  (710,469
                  )
                  $
                  (589,887
                  )Adjustments
                      to reconcile net loss to net cash used inoperating
                      activities:Stock
                      issued for services - related parties
                  
                  
                  -
                  
                  
                  200Changes
                      in operating assets and liabilities:Increase
                      (decrease) in:Accounts
                      payable
                  
                  
                  (60,889
                  )
                  
                  81,750Accrued
                      expenses
                  
                  
                  (184,237
                  )
                  
                  256,286Accrued
                      compensation - officer
                  
                  
                  (43,912
                  )
                  
                  43,912**Net
                      Cash Used in Operating Activities**
                  
                  
                  (999,507
                  )
                  
                  (207,739
                  )**Cash
                      Flows from Financing Activities:**Cash
                      overdraft
                  
                  
                  -
                  
                  
                  41,312Proceeds
                      from loans payable - related parties
                  
                  
                  19,059
                  
                  
                  57,031Repayment
                      of loans payable - related parties
                  
                  
                  (119,214
                  )
                  
                  (13,246
                  )Proceeds
                      (Repayment) of loan payable - other
                  
                  
                  (2,500
                  )
                  
                  2,500Proceeds
                      from capital stock subscribed
                  
                  
                  1,200,000
                  
                  
                  -Proceeds
                      from issuance of common stock
                  
                  
                  -
                  
                  
                  100,000**Net
                      Cash Provided by Financing Activities**
                  
                  
                  1,097,345
                  
                  
                  187,597Net
                      Increase (Decrease) in Cash
                  
                  
                  97,838
                  
                  
                  (20,142
                  )Cash
                      - Beginning of Year
                  
                  
                  894
                  
                  
                  21,036**Cash
                      - End of Year**
                  
                  $
                  98,732
                  
                  $
                  894Supplemental
                      Disclosure of Cash Flow InformationCash
                      Paid for:Taxes
                  
                  $
                  -
                  
                  $
                  -Interest
                  
                  $
                  -
                  
                  $
                  -
 See
                  accompanying notes to financial statements
 F-7
 **MyECheck,
        Inc.**
 **Notes
        to Financial Statements**
 **December
        31, 2007 and 2006**






**Note
      1 Organization, Basis of Presentation and Nature of
      Operations**





MyECheck,
      Inc. (“MEC”) (“the Company”) was
      incorporated in the state
      of
      Delaware on October 29, 2004.





During
      the year ended December 31, 2007, the Company provided the following service:





**Electronic
      Check Processing**





Provided
      to merchants who transact business over the internet allowing them to process
      checks electronically from their customers.





During
      the year ended December 31, 2006, the Company provided the following
      services:





**(A)
      Electronic Check Processing**





Provided
      to merchants who transact business over the internet allowing them to process
      checks electronically from their customers.





**(B)
      Financial Verification**





Provided
      to merchants to check the status of their customer’s bank account in order to
      greater provide assurance that the check will clear.





**(C)
      Identity Services**





Provided
      to merchants to verify that the user of the Company’s check processing service
      is valid providing the merchant with greater assurance that the customer is
      the
      true identity holder of the bank account.





**(D)
      Guarantee Services**





Guarantee
      services provide the merchant with guaranteed payment on any returned items
      for
      a fee on all items processed as a means to insure guaranteed payment for
      products sold or services rendered.





**Note
      2 Summary of Significant Accounting Policies**





**Risks
      and Uncertainties**





The
      Company operates in an industry that is subject to intense competition and
      rapid
      technological change. The Company's operations are subject to significant risk
      and uncertainties including financial, operational, technological, and
      regulatory risks including the potential risk of business failure. Also see
      Note
      3 regarding going concern matters.


F-8
 **MyECheck,
          Inc.**
 **Notes
          to Financial Statements**
 **December
          31, 2007 and 2006**


**Use
      of Estimates**





The
      preparation of financial statements in conformity with U. S. generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements and
      the reported amounts of revenues and expenses during the reporting period.
      Actual results could differ from those estimates.





**Cash**





For
      the
      purpose of the Statements of Cash Flows, the Company considers all highly liquid
      investments with original maturities of three months or less at the time of
      purchase to be cash equivalents. At December 31, 2007 and 2006, the Company
      has
      no cash equivalents.





During
      2006, the Company accrued $185,000 in cash overdraft charges. These charges
      were
      a component of processing expenses in the accompanying statements of operations
      in 2006. In 2007, the Company’s bank forgave these previously accrued cash
      overdraft charges.





**Concentrations**





Statement
      of Position 94-6, “Disclosure *of
      Certain Significant Risks and Uncertainties”* ,
      addresses corporate vulnerability to concentrations. For the Company, the
      exposure area includes the concentration with certain of its customers as it
      pertained to sales. During the years ended December 31, 2007 and 2006, the
      Company earned 99% and 0%, respectively, of its revenues from one
      customer.





**Fair
      Value of Financial Instruments**





The
      carrying amounts of the Company’s short-term financial instruments, including
      accounts payable, accrued expenses, accrued rent, loans payable - related
      parties and loans payable - other, approximate fair value due to the relatively
      short period to maturity for these instruments.





**Revenue
      Recognition**





The
      Company follows the guidance of the Securities and Exchange Commission’s Staff
      Accounting Bulletin No. 104 for revenue recognition.  The Company records
      revenue when all of the following have occurred; (1) persuasive evidence of
      an
      arrangement exists, (2) product delivery has occurred, (3) the sales price
      to
      the customer is fixed or determinable, and (4) collectibility is reasonably
      assured.




F-9
 **MyECheck,
          Inc.**
 **Notes
          to Financial Statements**
 **December
          31, 2007 and 2006**


The
        Company earns revenue from services, which has included the following:
        electronic check processing, financial verification, identity verification
        and
        check guarantee services. The services are performed pursuant to a contract
        with
        a customer, which states the services to be utilized and the terms and fixed
        price for all services under contract. The price of these services may be
        a
        fixed fee per transaction and/or a percentage of the transaction processed
        depending on the service.


Revenue
        from electronic check processing is derived from fees collected from merchants
        to convert merchant customer check data into an electronic image of a paper
        draft, which allows the Company to deposit the funds to the merchant’s bank
        through check 21 image clearing with the Federal Reserve on behalf of the
        bank.
        The Company recognizes the revenue related to electronic check processing
        fees
        when the services are performed.
 
 Revenue
        from financial verification is derived from fees collected from merchants
        to
        process requests to validate financial verifications to an outside service
        provider under contract with the Company. This revenue is recognized when
        the
        transaction is processed, since the Company has no further obligations.




Revenue
      from identity verification is derived from fees collected from merchants to
      process requests to validate identity verifications to an outside service
      provider under contract with the Company. This revenue is recognized when the
      transaction is processed, since the Company has no further obligations.





Revenue
      from check guarantee services is derived from fees collected from merchants
      to
      process transaction to an outside service provider under contract with the
      Company. This revenue is recognized when the transaction is processed, since
      the
      Company has no further obligations.





**Processing
      Expense**





During
      the year ended December 31, 2007, the company processing model changed whereby
      the company decided to no longer settle to merchant accounts. Instead, the
      merchants would hold their own account at our participating bank. This change
      allowed for the elimination of bank processing fees and return item charges
      levied on the company for merchant activity. Thus, the largest component of
      processing expense was eliminated.





For
      the
      year ended December 31, 2006, processing expense costs consist of third party
      financial verification and identification services, third party guarantee
      services, check processing charges, bank service charges, and accrued overdraft
      charges, returned item fees, and losses from write-offs of settlement accounts
      due to returned items that a check guarantee company does not cover.





**Net
      Loss Per Share**





Basic
      loss per share is computed by dividing net loss by weighted average number
      of
      shares of common stock outstanding during each period. Diluted loss per share
      is
      computed by dividing net loss by the weighted average number of shares of common
      stock, common stock equivalents and potentially dilutive securities outstanding
      during each period. For the years ended December 31, 2007 and 2006,
      respectively, the Company does not have any outstanding common stock
      equivalents; therefore, a separate computation of diluted loss per share is
      not
      presented.


F-10
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**


**Income
      Taxes**





The
      Company elected to be taxed as a pass-through
      S-Corporation under the Internal Revenue Code and was not subject to federal
      and
      state income taxes; accordingly, no provision had been made.





**Advertising**





In
      accordance with Accounting Standards Executive Committee Statement of Position
      93-7, costs incurred for producing and communicating advertising of the Company,
      are charged to operations as incurred. Advertising expense for the years ended
      December 31, 2007 and 2006 were $57,766 and $865, respectively.





**Research
      and Development**





The
      Company expenses all research and development costs as incurred for which there
      is no alternative future use. During 2007 and 2006, these costs primarily
      consisted of software development fees.





**Stock-Based
      Compensation**





All
      share-based payments to employees will be recorded and expensed in the statement
      of operations as applicable under SFAS No. 123R *“Share-Based
      Payment”* .
      The
      Company has not issued any stock based compensation during the years ended
      December 31, 2007 and 2006.




**Recent
      Accounting Pronouncements**




In
      September 2006, the FASB issued SFAS No. 157, *“Fair
      Value Measurements”* ,
      which
      clarifies the principle that fair value should be based on the assumptions
      that
      market participants would use when pricing an asset or liability. It also
      defines fair value and established a hierarchy that prioritizes the information
      used to develop assumptions. SFAS No. 157 is effective for financial statements
      issued for fiscal years beginning after November 15, 2007. The Company does
      not
      expect SFAS No. 157 to have a material impact on its financial position, results
      of operations or cash flows.





In
      February 2007, the FASB issued SFAS 159, The Fair Value Option for Financial
      Assets and Financial Liabilities, which permits entities to choose to measure
      many financial instruments and certain other items at fair value. The unrealized
      gains and losses on items for which the fair value option has been elected
      should be reported in earnings.  The decision to elect the fair value
      option is determined on an instrument-by-instrument basis, should be applied
      to
      an entire instrument and is irrevocable.  Assets and liabilities
      measured at fair values pursuant to the fair value option should be reported
      separately in the balance sheet from those instruments measured using other
      measurement attributes.  SFAS No. 159 is effective as of the
      beginning of the Company’s 2008 fiscal year. The adoption of SFAS No. 159 is not
      expected to have a material effect on its financial position, results of
      operations or cash flows.


F-11
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**


In
      December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in
      Consolidated Financial Statements, an amendment of Accounting Research Bulletin
      No 51” (SFAS 160). SFAS 160 establishes accounting and reporting standards for
      ownership interests in subsidiaries held by parties other than the parent,
      changes in a parent’s ownership of a noncontrolling interest, calculation and
      disclosure of the consolidated net income attributable to the parent and the
      noncontrolling interest, changes in a parent’s ownership interest while the
      parent retains its controlling financial interest and fair value measurement
      of
      any retained noncontrolling equity investment. SFAS 160 is effective for
      financial statements issued for fiscal years beginning after December 15, 2008,
      and interim periods within those fiscal years. Early adoption is prohibited. The
      adoption of SFAS No. 160 is not expected to have a material effect on its
      financial position, results of operations or cash flows.





In
      December 2007, the FASB issued SFAS 141R, *Business Combinations* (“SFAS 141R”), which replaces FASB SFAS 141, *Business Combinations.* This Statement retains the fundamental requirements in SFAS 141 that the
      acquisition method of accounting be used for all business combinations and
      for
      an acquirer to be identified for each business combination. SFAS 141R defines
      the acquirer as the entity that obtains control of one or more businesses in
      the
      business combination and establishes the acquisition date as the date that
      the
      acquirer achieves control.  SFAS 141R will require an entity to record
      separately from the business combination the direct costs, where previously
      these costs were included in the total allocated cost of the
      acquisition.  SFAS 141R will require an entity to recognize the assets
      acquired, liabilities assumed, and any non-controlling interest in the acquired
      at the acquisition date, at their fair values as of that date.  This
      compares to the cost allocation method previously required by SFAS No.
      141.  SFAS 141R will require an entity to recognize as an asset or
      liability at fair value for certain contingencies, either contractual or
      non-contractual, if certain criteria are met.  Finally, SFAS 141R will
      require an entity to recognize contingent consideration at the date of
      acquisition, based on the fair value at that date.  This Statement
      will be effective for business combinations completed on or after the first
      annual reporting period beginning on or after December 15,
      2008.  Early adoption of this standard is not permitted and the
      standards are to be applied prospectively only.  Upon adoption of this
      standard, there would be no impact to the Company’s results of operations and
      financial condition for acquisitions previously
      completed. The
      adoption of SFAS No. 141R is not expected to have a material effect on its
      financial position, results of operations or cash flows.


F-12
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**




Other
      accounting standards that have been issued or proposed by the FASB or other
      standards-setting bodies that do not require adoption until a future date and
      are not expected to have a material impact on the financial statements upon
      adoption.





**Note
      3 Going Concern**





As
      reflected in the accompanying financial statements, the Company has a net loss
      of $710,469 and net cash used in operations of $999,507 for the year ended
      December 31, 2007, and at December 31, 2007 had a working capital deficit of
      $1,260,709, an accumulated deficit of $1,366,944 and a stockholders’ deficit of
      $1,266,673.





The
      ability of the Company to continue as a going concern is dependent on
      Management's plans, which include the raising of capital through debt and/or
      equity markets. The Company will require additional funding during the next
      twelve months to finance the growth of its current operations and achieve
      strategic objectives. Additionally, the Company will need to continually
      generate revenues through its current business operations in order to generate
      enough cash flow to fund operations through 2008. However, the accompanying
      financial statements have been prepared on a going concern basis, which
      contemplates the realization of assets and the satisfaction of liabilities
      in
      the normal course of business. These financial statements do not include any
      adjustments relating to the recovery of the recorded assets or the
      classification of the liabilities that might be necessary should the Company
      be
      unable to continue as a going concern.





The
      Company believes its current available cash along with anticipated revenues
      may
      be insufficient to meet its cash needs for the near future. There can be no
      assurance that financing will be available in amounts or terms acceptable to
      the
      Company, if at all.





**Note
      4 Loans Payable and Capital Stock Subscribed**





**(A)** **Loans
        Payable - related parties**





During
      2006, the Company received working capital advances from certain of its officers
      aggregating $57,031. These loans were non-interest bearing, unsecured and due
      on
      demand. During 2006, the Company repaid $13,246 in related loans to these
      officers.





During
      2007, the Company received working capital advances from certain of its officers
      aggregating $19,059. These loans were non-interest bearing, unsecured and due
      on
      demand. During 2007, the Company repaid $119,214 in related loans to these
      officers.




F-13
 **MyECheck,
          Inc.**
 **Notes
          to Financial Statements**
 **December
          31, 2007 and 2006**





**(B)** **Loan
      Payable - other**





During
      2006, the Company received a working capital advance of $2,500 from a third
      party. The loan was non-interest bearing, unsecured and due on demand. During
      2007, the Company repaid the $2,500.





**(C)** **Capital
        Stock Subscribed**





During
      2007, the Company received $1,200,000 from third party investors in exchange
      for
      an undetermined amount of common stock to be issued in a future reverse
      acquisition that was contemplated with Sekoya. Funds received from these third
      parties were non-interest bearing, unsecured, and due on demand. At December
      31,
      2007, no stock had been issued. See Note 7(B).





**Note
      5 Commitments and Contingencies**





**(A)
      Litigations, claims and assessments**





From
      time
      to time, the Company may become involved in various lawsuits and legal
      proceedings, which arise in the ordinary course of business. However, litigation
      is subject to inherent uncertainties, and an adverse result in these or other
      matters may arise from time to time that may harm its business. The Company
      is
      currently not aware of any such legal proceedings or claims that they believe
      will have, individually or in the aggregate, a material adverse affect on its
      business, financial condition or operating results.





During
      2005, a lawsuit against the Company was filed in the State of California. The
      plaintiffs claim the Company is using the technology created by the plaintiff
      company, and at the plaintiff company expense have been profiting off the
      plaintiff company investment in the company they had funded. The Company is
      defending these claims based on its position that the technology is different
      and the parties entered into a settlement agreement regarding the investment
      when the relationship with the plaintiffs had ended. This lawsuit had a trial
      set for May 19, 2008.





At
      December 31, 2007 and 2006, it was not possible to provide an assessment as
      to
      the likelihood of an unfavorable outcome; therefore, no estimate of the range
      of
      potential loss is possible.





**(B)
      Accrued Rent**





Effective
      May 1, 2007, the Company executed a repayment plan for $104,969 in rent payments
      that have been in default. The Company agreed to repay the outstanding balance
      within twenty-four months bearing 9% interest for total repayment of $115,092
      ($4,796/month). The following is a summary of scheduled principal
      repayments.


F-14
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**
   Year
                  Ended December
                  31,2008
                
                $
                53,2212009
                
                
                18,828Total
                    accrued rent
                
                
                72,049Less:
                    current maturities
                
                
                (53,221
                )Long-term
                    portion - accrued rent
                
                $
                18,828





During
      2007, the Company repaid $32,920 of the accrued rent.




**(C)
      Operating Lease**





The
      Company leases its corporate office under a non-cancelable rental agreement
      through December 2009. Monthly payments at the inception of the lease terms
      were
      $ 8,576 and increase 4% annually.





At
      the
      inception of the lease, the Company’s CEO paid $12,864 as a security deposit.
      This payment was included as a component of the CEO’s loan account.





Total
      rent expense amounted to approximately $111,617 and $122,742 for the years
      ended
      December 31, 2007 and 2006, respectively.





Future
      minimal lease commitments are as follows:


Year
              
              Amount2008
              
              $
              111,3062009
              
              
              115,758Total
                  future commitments
              
              
              227,064


**(D)
      Employment Agreement**





On
      January 1, 2007, the Company executed a three-year employment agreement with
      its
      Chief Executive Officer. Compensation is $240,000 per year. At December 31,
      2007, all amounts under this agreement had been paid.


F-15
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**


**Note
      6 Stockholders’ Deficit**





**(A)** **Stock
        Issued for Cash**





On
      November 30, 2006, the Company
      issued 40,000 shares of common stock for $100,000 ($2.50/share).





**(B)** **Stock
        Issued for Services**





On
      April 15, 2006, the Company
      issued 40,000 shares of common stock for services rendered by the Company’s CFO.
      The shares were valued at $40 ($0.001/share).




On
      August 1, 2006, the Company
      issued 16,000 shares of common stock for services rendered by the Company’s CTO.
      The shares were valued at $160 ($0.01/share).





**Note
      7 Subsequent Events**





**(A)
      Common Stock Payable**





During
      2008, the Company received $200,000 from third party investors in exchange
      for
      an undetermined amount of common stock to be issued in a future reverse
      acquisition that was contemplated with Sekoya. Funds received from these third
      parties were non-interest bearing, unsecured, and due on demand. At December
      31,
      2007, no stock had been issued. See Note 7(B).





**(B)
      Reverse Acquisition and Recapitalization**





On
      November 1, 2007, MEC and Sekoya entered into a Share Exchange Agreement (the
      "Agreement") for the acquisition of all of the issued and outstanding shares
      and
      rights to purchase shares of Sekoya by MEC. The Agreement contemplated that
      upon
      closing of the transaction, MEC shareholders would be issued common shares
      of
      Sekoya, equal in total, to 60% of the issued and outstanding shares of Sekoya.
      Sekoya shareholders would retain 40% of the issued and outstanding shares of
      Sekoya upon consummation of the transaction and be deemed the non-controlling
      interest.  An amended and restated merger agreement was executed February
      4, 2008 on substantially the same terms, but providing for an escrow of
      2,000,000 shares issuable to MEC shareholders in the event of breaches of the
      amended and restated agreement.





Upon
      closing, Sekoya will change its name to MyECheck, Inc. The management of
      MyECheck, Inc. will be the same as the current management of MEC and the members
      of the Board of Directors of MEC will constitute the majority of the Board
      of
      Directors of the consolidated entity.


F-16
 **MyECheck,
            Inc.**
 **Notes
            to Financial Statements**
 **December
            31, 2007 and 2006**


On
      March 14, 2008, the transaction closed. The management of MyECheck, Inc. is
      the
      same as the current management of MEC and the members of the Board of Directors
      of MEC will constitute the Board of Directors of the consolidated entity. The
      Company intends to account for this transaction as a reverse acquisition and
      recapitalization. At closing, Sekoya
      did not have any operations and majority-voting control was transferred to
      MEC.
      The transaction also requires a recapitalization of MEC. Since MEC acquired
      a
      controlling voting interest, it was deemed the accounting acquiror, while Sekoya
      was deemed the legal acquiror. The historical financial statements of the
      Company will be those of MEC, and of the consolidated entities from the date
      of
      Merger and subsequent.




Since
      the
      transaction is considered a reverse acquisition and recapitalization, the
      guidance in SFAS No. 141 does not apply for purposes of presenting
      pro-forma financial information.




F-17