SOURCE: PayChest, Inc.

May 09, 2008 05:58 ET

PayChest Today Publishes New Website, Sets Direction for the Technology Products and Releases Year End Results

VANCOUVER, BC--(Marketwire - May 9, 2008) - PayChest, Inc. (PINKSHEETS: PYCT), a strategic global marketing company and developer of technology solutions, today announced the release of its new website, anticipated changes to its current lines of business and also the release of its year end financial results. The new website www.flushaway.com, integrates the company's recent major acquisition of the sales, marketing, manufacturing patent and trademark rights of Flushaway™, a developer of a uniquely patented range of absorbent biodegradable and flushable products. On the heels of this acquisition announcement, the www.paychest.com website will be directed to www.flushaway.com, setting the new direction for the company's commitment to sales and distribution worldwide.

The company further announced that its current commerce solutions, including the rewards platform, would be integrated and customized for Flushaway's™ online fulfillment, supply and distribution systems. In addition, the company also announced that PayChest's point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms would be spun into an existing technology partner company to be announced by August 1st, 2008.

The company also released its year end results for Fiscal Year End 2007 which have been submitted to Pinksheets.com. These results will be made readily available for view on the www.pinksheets.com website through the course of today.

Thereafter, financial statements will be forwarded to the Arizona Corporate Commission to update their records.

About PayChest

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. The affiliated companies further develop integrated commerce processing solutions. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards based platforms to integrate into an existing business system.

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.

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