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Archived Press Releases and Penny Stock Market News for PayChest, Inc. (PYCT/PYCT.PK )

PayChest Inc. 3rd Quarter Financials Reported

Press Release Source: PayChest Inc. PayChest Inc. 3rd Quarter Financials Reported On Wednesday May 6, 2009, 6:32 pm EDT VANCOUVER, BC--(MARKET WIRE)--May 6, 2009 -- PayChest Inc. (Arizona) (Other OTC:PYCT.PK) reports that it has released the quarterly financial statements for the period ending September 30, 2008. The statements have been posted on www.pinksheets.com. The annual financial statements for the period ending December 31, 2008 will be posted on or before May 12, 2009. The company also wishes to report that the first quarter financial statements for the period ending Mar
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PayChest Inc. Issues Manufacturing Update

Press Release Source: PayChest Inc. PayChest Inc. Issues Manufacturing Update Wednesday April 8, 2009, 5:01 pm EDT VANCOUVER, BC--(MARKET WIRE)--Apr 8, 2009 -- PayChest Inc. (Arizona) (Other OTC:PYCT.PK) announces that the company is advancing toward initial production of the "Flushaway" product line. The company is in advanced negotiations with several potential manufacturers in China to produce both women's pads and liners. All manufacturers that the company is in discussions with are experts in feminine hygiene production and have the capabilities necessary to employ
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PayChest, Inc. Announces No Reverse Split

(OTC:PYCT) Paychest, Inc. Press ReleaseSource: PayChest, Inc. PayChest, Inc. Announces No Reverse SplitWednesday March 11, 3:53 pm ET VANCOUVER, BC-Mar 11, 2009 - PayChest, Inc. announces that there will be no reverse split in the company's shares neither in 2009 nor in the foreseeable future. The company has consistently maintained and implemented this philosophy as reverse splits are typically detrimental to shareholder value. The shares outstanding remain unchanged at 19.85 billion shares. The company is extremely confident that as developments progress with the "Flushaway" pads and liners, shareholder values will be enhanced. The company is confident that it will deliver a women's hygiene product line to the consume
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PayChest Inc. Announces New Flushaway Successfully Tested

(OTC:PYCT) Paychest, Inc. Press ReleaseSource: PayChest Inc. PayChest Inc. Announces New Flushaway Successfully TestedWednesday February 25, 6:01 pm ET VANCOUVER, BC-Feb 25, 2009 - PayChest Inc. announces that the newly redesigned version of the "Flushaway" feminine hygiene product line has successfully passed two phases of testing including both bench and laboratory testing. The "Flushaway" product line contains two main components. Both the flushable pads and liners have a cover stock that is a biodegradable material that is in contact with the consumer. It is similar to major brands and our product line has a biodegradable advantage. The second component is an underlying flushable and biodegradable film that holds the product together and is designed to retain its integrity until it is flushed away, at which time it dissolves
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PayChest Inc. Announces New Patents for Flushaway

(OTC:PYCT) Paychest, Inc. Press ReleaseSource: PayChest Inc. PayChest Inc. Announces New Patents for FlushawayWednesday February 18, 4:18 pm ET VANCOUVER, BC-Feb 18, 2009 - PayChest Inc. announces the following regarding new patents for Flushaway:Previous versions of the Flushaway product line were not able to realize the good margins necessary to create a thriving business, in part, because of high film costs. The new design and film changes cuts materials' costs and the cost of the product, by using lower cost materials and new production techniques. The company has partnered with other companies during this process. As a result of these advancements, new patents for this design have been applied for and are pending approval. The patents are initially owned by a third party with the agreement that the Company has the
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PayChest Inc. 2008 Year-End Corporate Review

(OTC:PYCT) Paychest, Inc. Press ReleaseSource: PayChest Inc. PayChest Inc. 2008 Year-End Corporate ReviewWednesday February 4, 7:02 pm ET VANCOUVER, BC-Feb 4, 2009 - PayChest Inc. .During 2008, PayChest Inc. underwent significant corporate changes. The Company had focused on new technology implementation and was previously focused on commercializing a micropayments money transfer technology. In April 2008, a private investment group based in Hong Kong acquired control of the company by way of acquiring all the preferred shares in the company in a private transaction. The transition to the new control group began as the previous negative issues surrounding the company were completely resolved. Those issues include a previous SEC investigation and a full DTC stock audit. The company is not involved with previous manageme
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PayChest, Inc. Prepares for New President

(OTC:PYCT) Paychest, Inc. Press ReleaseSource: PayChest, Inc. PayChest, Inc. Prepares for New PresidentThursday October 30, 8:49 pm ET VANCOUVER, BC-Oct 30, 2008 - PayChest, Inc. - 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
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