Red Spotlight: MyEcheck (MYEC), Vision Industries (VIIC), Vapor Group (VPOR)

Posted In Business, Technology - By Cyrus On Tuesday, September 23rd, 2014 With 0 Comments

Dallas, Texas 09/23/2014 (ustradevoice) – MyEcheck Inc (OTCMKTS:MYEC) has updated on the progress of its mobile payment app. The company said it has entered into a new relationship to take its mobile payment app to the next level. The company was impacted by a partner delay, which pushed it to seek a new partner and now things are set on the right path, and the app could be launched as early as January 2015. MyEcheck Inc (OTCMKTS:MYEC) originally planned to launch its mobile payment app in the summer of this year. It said its mobile payment platform is secure and easy to use. One only needs to have a Smartphone of any type – Apple or Android – to download and register the app to enjoy flexible mobile payments and transactions. The company hopes that the launch of the mobile payment app will improve its performance. It generated revenue of $182,200 and a net income of $32,300 in the most recent quarter.

Investor concerns appear to be catching up Vision Industries Corp (OTCMKTS:VIIC) in today’s session as the gains of the previous days are evaporating. The stock was up almost 23% Monday, but concerns were raised in some quarters that the stock is not in an encouraging position. Of great concern, is that more dilutive effects appear eminent in the stock because of its notes that are convertible to common stock shares. The fact that the company’s balance sheet lacks direction doesn’t make things any better. Vision Industries Corp (OTCMKTS:VIIC) reported zero revenue in the most recent quarter while its net loss was recorded as $131,000. That is not all, the company also announced liabilities of $2.6 million.

The situation is grim at Vapor Group Inc (OTCMKTS:VPOR) because the stock has failed to stop its downfall. It appears as though pumping efforts in the stock have failed to have their desired effect and some have cited that they might be discontinued. If artificial hype is not falling out already, Vapor Group Inc (OTCMKTS:VPOR)’s most recent financial statement appears to support the ongoing correction. The company realized revenue of $1 million and a net loss of $140,000. However, the liability of $3.27 million is enough pressure on the stock despite the nice revenue figure.

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