PYCT Paychest Inc (CE)

PayChest, Inc. (Arizona) (PINKSHEETS: PYCT) -- As previously announced, a stock dividend is pending dependant on some final corporate and regulatory steps. This will create a change in the Company name and new stock symbol going forward. Upon completion of the anticipated dividend, the Company intends to carry out a series of steps that will start a new way forward for the newly named Company.

First, a new President & CEO will step in to guide the Company forward. The person has already agreed to step into this role and is waiting completion of the dividend prior to completing the handover from Mr. Lawson Pillay.

Second, the new President is expected to provide an outline plan that will indicate the path forward for the Company, and some of its major activities, some of which have already started.

Third, a series of steps are expected to follow that will progress the Company and Flushaway and be the first steps in the development of this new business.

Current and future management have been working to prepare and put in place the relationships necessary for taking this business forward.

More detailed news releases will be provided as each of the steps unfolds.

No reverse split is planned for the foreseeable future.

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