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ECHO
Press Releases 2006
FOR IMMEDIATE RELEASE
Electronic
Clearing House, Inc. (ECHO) Receives Notice of Allowance for
an Internet-Based Check Cashing and Clearing Patent
Camarillo, Calif., April 13,
2006 -
Electronic Clearing House, Inc. (Nasdaq: ECHO), a
leading provider of electronic payment and transaction processing
services, is pleased to announce that it has received a Notice of
Allowance from the United States Patent and Trademark Office for a
new patent covering Internet-Based Check Cashing and Clearing.
"The corresponding patent should be issued within the next
several months," said Matthew Jakubowshi of Brooks Kushman
P.C., patent counsel for ECHO.
"The new patent generally
pertains to methods and apparatuses to electronically clear and cash
a check submitted to an online merchant from an online consumer by
electronic means," said CEO Jody Barry. "We are very
pleased with the opportunities this new patent provides. Internet
purchases are increasing dramatically each year and ECHO is
well positioned to take advantage of this growth."
About Electronic Clearing House, Inc.
(ECHO)
ECHO (www.echo-inc.com)
provides a complete solution to the payment processing needs of
merchants, banks and collection agencies. ECHO's services
include debit and credit card processing, check guarantee, check
verification, check conversion, check re-presentment, and check
collection.
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: Any statements set
forth above that are not historical facts are forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Examples of forward-looking statements
included in this press release include the potential for expansion
of ECHO's check guarantee business and the continued strong
demand for ECHO's check products. Potential risks and
uncertainties that may cause actual results to differ materially
include, but are not limited to, such factors as fluctuations in
demand for the Company's products and services, the introduction of
new products and services, the Company's ability to maintain
customer and strategic business relationships, technological
advancements, impact of competitive products and services and
pricing, growth in targeted markets, the adequacy of the Company's
liquidity and financial strength to support its growth, and other
information detailed from time to time in the Company's filings with
the United States Securities and Exchange Commission.
Contact:
Electronic Clearing House, Inc.
Donna Rehman, 805-419-8533
corp@ECHO-inc.com
http://www.echo-inc.com
or
Financial Relations Board
Erin Cox, 310-854-8319
ecox@financialrelationsboard.com
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