SOURCE: PayChest, Inc.

April 20, 2012 11:06 ET

PayChest Registers UK Mibella® Trademark

HONG KONG--(Marketwire - Apr 20, 2012) - Paychest, Inc. (PINKSHEETS: PYCT)

PayChest, Inc. (the "Company") is pleased to announce it has received confirmation from the UK Intellectual Property Office that the Mibella® trademark has been registered in the United Kingdom.

The registration of the Mibella® trademark in the UK completes this part of the UK trademark process that was initiated in January 2012 and announced January 18, 2012.

It also closely follows the recent announcement of the Company's first purchase order, also from the UK, for 16 container loads of Mibella® product with a gross value of US$ 1.2 million. Each container of product is worth more than US $75,000 in gross revenue to the Company.

The Company continues to pursue other intellectual property registrations and negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.

Historical news releases on the Company can be found at http://www.paychest.com/news.htm.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

Contact Information

  • Contact Information
    Contact:
    PayChest, Inc.
    ir@paychest.com

    Tom Hands
    1-416-619-5242
    from overseas: +1-416-619-5242

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