SOURCE: PayChest, Inc.

January 26, 2007 22:27 ET

PayChest Announces Rollout of Financial Services

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- January 26, 2007 -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the rollout of several online financial services and provided updates on the company's banking relationships today. The announcements were made after a series of network and processing upgrades were completed, to streamline the online money transfer products.

The financial services made immediately available to the public include short-term payday loans through First Cash America, a company affiliated to PayChest through Mr. Pillay. Additional PayChest product rollouts include the release of the Banx debit card and the rewards program, scheduled for public release by February 20th, 2007. The rollout of the E-Store solution, as a comprehensive one-stop global e-commerce offering for small and large enterprises, will be accompanied with a press release next week.

Mr. Pillay stated, "As a global online financial services gateway, PayChest provides consumers the ability to transfer, pay or loan money from mobile devices or online. We have been able to enlist these services from our affiliate company banking relationships and I will continue to leverage these to PayChest's advantage. Our current banking relationships include Wells Fargo, Washington Mutual, Bankfirst, FBOD, Banxcard and First Premiere Bank."

He further stated, "This integration differentiates PayChest from others in the industry and is attracting the attention of larger search engines with our capabilities in this unique space. We will continue to set a new standard with further innovation and integration."

About PayChest

PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.

New management within PayChest is focused on innovative and tangible products, improving the online financial experience for online consumers and e-commerce businesses worldwide. To fulfill this obligation, the new management has marked significant timelines over the next few months to streamline operations, with a focus on integrating backend transaction processing infrastructures scalable to new payment technologies and marketing opportunities.

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," 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.

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