SOURCE: Paychest Inc

February 24, 2012 09:00 ET

Paychest Updates Bloomberg, Plans Broader Shareholder Distribution

HONG KONG--(Marketwire - Feb 24, 2012) - Paychest, Inc. (PINKSHEETS: PYCT)

PayChest Inc. (the "Company") announces it has updated Company information as reported on Bloomberg as part of a plan to add more overseas shareholders.

Bloomberg is a well-known international financial services company that supplies worldwide financial information. Many foreign brokerage firms use Bloomberg to access company information as well as stock quotes.

Paychest plans to take advantage of upcoming foreign Flushaway and Mibella product sales to introduce the Company and expand investor interest to countries outside the US. Presently, over 90% of Company shareholders reside in the US. With recent positive corporate developments, the Company has received a growing number of investor inquiries from around the world.

The update to Bloomberg is part of a broader investor awareness program aimed at worldwide investors and part of a broader strategy aimed at maximizing shareholder value.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

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

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:
    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