SOURCE: PayChest, Inc.

February 15, 2006 14:04 ET

/ CORRECTION - PayChest, Inc. Announces New Payment Transaction Service for International Markets

MEXICO CITY -- (MARKET WIRE) -- February 15, 2006 -- In the news release, "PayChest, Inc. Announces New Payment Transaction Service for International Markets," issued earlier today by PayChest, Inc. (OTC: PYCT), we are advised by the company that readers should disregard the previous version and replace the release with the following corrected version:

PayChest, Inc. Announces New Payment Transaction Service for International Markets

MEXICO CITY -- 02/15/2006 -- PayChest, Inc.™ (OTC: PYCT), the market leader in enabling individuals or businesses in any country around the world with online access and an e-mail address to securely send and receive payments, is announcing the launch of its services as of this date. PayChest is providing payment processing services to the hundreds of millions of consumers and business owners not located within the United States that have no way to cost effectively process payments online working with existing payment processing vendors.

"We researched the online transaction market and discovered that there are hundreds of millions of people and/or businesses located in countries in Europe, Asia and South America who cannot effectively process a transaction utilizing PayPal's™ services," said Alejandro Cerda, CEO of PayChest, Inc. "We are just now launching our web site and online payment process, are working with virtually every major banking institution and will have the ability to handle all major credit card payments through our payment portal in the next few weeks. We are overwhelmed with the response that we have received from the public to date and want to let the global community know that we are still beta testing our web site and back end infrastructure and to please be patient for the next few weeks until we are in an all-systems-go status."

About PayChest, Inc.

Founded in 2005, PayChest has developed a proprietary and secure back end payment processing system that can easily be accessed and utilized by anyone with web access and an e-mail address in any country around the world. PayChest has developed a processing system that leverages the existing financial infrastructure of the global banking community and/or credit card companies to enable consumers and business owners located in every corner of the world to securely send, receive and/or process payments with others via the company's web site. The company's payment processing system operates in real time and incorporates a user interface that is designed to be convenient for any user and does not require any technical know-how to send and receive payments. For more information please contact Alejandro Cerda CEO, +(5255) 5673.2364, Gavillero 32, Residencial Villa Coapa, 14390, Mexico D.F., Mexico, www.paychest.com.

This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.

Contact Information

  • For more information please contact:
    Alejandro Cerda
    CEO
    +(5255) 5673.2364
    www.paychest.com