SOURCE: PayChest, Inc.

September 21, 2006 16:01 ET

PayChest Inc. Announces Final Stages of Negotiations With Technology Integrator

MEXICO CITY -- (MARKET WIRE) -- September 21, 2006 --PYCT PayChest Inc. (PINKSHEETS: PYCT) announced today it's in final stages of negotiations with a California-based financial technology integrator. Upon conclusion of the deal, the current PYCT PayChest Inc. board will resign from their respective positions and a new board will be appointed. These new appointments provide PYCT PayChest Inc. and its shareholders with veteran and industry expertise, in strategic management and responsible corporate governance. Current PYCT PayChest Inc. management, believes that this will be in the best interest of its shareholder base and will take PYCT to a new level of performance. Terms of the deal will be announced in the coming days.

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.

This release is also going to be issued in London, Germany, Hong Kong, Israel and Canada.

Contact Information

  • For more information please contact:
    Alejandro Cerda
    Gavillero 32, Residencial Coapa,
    Tlalpan, 14390,
    Mexico D.F., Mexico
    Phone: +(5255) 5574.4454