SOURCE: PayChest Inc.

August 17, 2011 12:12 ET

PayChest Appoints Phillips as Director

HONG KONG--(Marketwire - Aug 17, 2011) - PayChest, Inc. (PINKSHEETS: PYCT) ("PayChest") is pleased to announce the appointment of Mr. Vivian Phillips as a Director of the Company.

Mr. Phillips is a British citizen with 10 years experience of machinery centred manufacturing with the last 3.5 years working exclusively around the Shanghai area. He speaks Chinese and understands the culture, business, quality and management requirements for good product delivery.

Mr Phillips joins the PayChest Board following the recent resignation of Mr Henry Soo.

Mr Phillips will help guide the Company in its ongoing management of subcontract manufacturers.

About PayChest (Arizona)

PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.

About the proposed dividend of subsidiary PayChest (Oregon)

PayChest Oregon is preparing to be spun off from its Arizona parent as a stock dividend.

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," "can" 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.

Contact Information

  • Contact:
    Paychest, Inc.
    ir@paychest.com

    Tom Hands
    +1-604-628-1984

    Tobie Oliver
    1-800-624-7479
    from overseas: +1-714-274-7206