SOURCE: PayChest, Inc.

December 01, 2006 22:20 ET

PayChest Announces Products and Services Launch

SANTA MONICA, CA -- (MARKET WIRE) -- December 1, 2006 -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the launch of its online payment gateway products: PayChest ACHnet, PayChest E-Check, PayChest RD21 and PayChest Credit Card Processing.

Through multiple agreements with regional banks, card processors and payment technology integrators, PayChest can now deliver a true e-commerce solution to online merchants and simultaneously provide a fully integrated electronic payment gateway.

The PayChest electronic suite of payment products enhances PayChest's commitment to delivering electronic merchant and consumer payment solutions.

In addition, PayChest will offer a turnkey online solution for prospective e-commerce business, comprising the setup of a website, an e-commerce shopping cart, web hosting, email server solutions, and merchant services.

This bundled package will be offered at an affordable rate and is expected to attract a range of online business from home based to larger business.

PayChest RD21 offers a remote depositing solution suitable for kiosks, check cashers and business with remote deposit needs. The PayChest ACHnet allows online money transfer between business and consumers nationwide via the federal ACH network.

These online services will be restricted to the United States until further notice. The credit card processing services will be provided globally. PayChest will launch these services on December 20th, 2006.

PayChest's CEO, Mr. Lawson Pillay, stated, "I am pleased with the progress achieved to date. These services mark the beginning of a solid foundation for PayChest's valuation and future growth."

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