PayChest Inc. Discusses Possible Buyback
October 01 2008 - 2:50PM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT) -- The Company has
received numerous shareholder inquiries concerning a buyback of the
company's shares.
As previously reported, the Company recently acquired certain
rights to "Flushaway," a revolutionary product and technology that
delivers a feminine hygiene product with a standard look, at a
competitive retail price, that has the most comfort, most
convenient disposal and the best environmental credentials of any
product in its class. This product and the sales markets acquired
have sales potential of many millions of dollars.
In addition, the Company also announced an upcoming dividend to
shareholders.
Management believes that, taking these factors together, the
share price is extremely undervalued. The Company has no current
plans to buyback shares but may reconsider this in the future if
Management determines it is appropriate. The company's shares
outstanding are unchanged at 19.85 billion shares.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology
solutions and its strategic partner companies, market and
distribute select products and services worldwide, which provide an
increased public awareness to conserve and preserve the world's
limited resources.
About the dividend PayChest (Oregon)
PayChest and its strategic partner companies are developing
integrated commerce processing solutions utilizing cutting edge
technologies to deliver in store, online and mobile solutions
globally. These include turnkey point of sale solutions, gift and
loyalty portal systems, ACH electronic systems, online and mobile
payment platforms and rewards-based platforms to integrate into an
existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements.
For this purpose any statements contained in this press release
that are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the foregoing, words
such as "may," "will," "expect," "believe," "anticipate,"
"estimate," "continue," "can" or comparable terminology are
intended to identify forward-looking statements. These statements
by their nature involve substantial risks and uncertainties and
actual results may differ materially depending on a variety of
factors.
Contact: PayChest Inc. Investor Relations 1-877-525-5170
ir@paychest.com
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