MYECHECK INC. (MYEC) - Description of business

Company Description
        Item 2.        Description of Property         Item 3.        Legal Proceedings         Item 4.        Submission of Matters to a vote of Security Holders Part II         Item 5.        Market for Common Equity and Related Stockholder Matters         Item 6.        Management's Discussion and Analysis or Plan of Operation         Item 7.        Financial Statement         Item 8.        Changes In and Disagreements with Accountants on Accounting and Financial Disclosure         Item 8A.     Controls and Procedures         Item 8B.     Other Information Part III         Item 9.        Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Ac         Item 10.      Executive Compensation         Item 11.      Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters         Item 12.      Certain Relationships and Related Transactions         Item 13.      Exhibits         Item 14.      Principal Accountants Fees and Services         Signatures     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 SIMULATIONS PLUS, INC., A CALIFORNIA 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.       PART I Item 1.    Description of Business Sekoya Holdings Ltd. was incorporated in the state of Nevada on May 19, 2005. We intend to commence operations as an E-commerce company which will offer a new type of internet payment network for the Asian market. The initial country we plan to introduce our product and services to is China. We currently have signed a contract with a Chinese programmer to create and develop the initial phase of our website, icash.com.cn. The initial phase of our website is scheduled to be completed by the end of July 2007. We currently have not advanced beyond the business plan state from our inception until the date of this filing. In order for us to begin commercialization of our product, we will need to raise additional capital. We currently do not have a specific plan to raise these funds. During August of 2005,we received initial funding through the sale of common stock to investors. We do not intend to open any new stores; enter into any type of new business; or, purchase equipment or other assets in the next twelve month period following the date of this prospectus. From inception until the date of this filing, we have had no material operating activities. Our current cash balance is $275. We anticipate that our current cash balance may not satisfy our cash needs for the following twelve-month period. We are applying to become a public reporting company in order to provide our shareholders increased liquidity for their common shares and to provide our company an alternative avenue to raise additional investment capital in order to proceed with our business plan. The selling shareholders are acting as underwriters for the registrant when re-selling their securities and will be conducting their offering of shares at the fixed price of $0.10/share for the duration of the offering. Our principal executive offices are located at 916 West Broadway Street, Vancouver, British Columbia and our telephone number is (604) 269-6622. Our fiscal year end is October 31st.