SOURCE: Riverbank Investment Corp.

July 20, 2006 11:20 ET

Riverbank Investment Corp.: NASDAQ Set Ex-Dividend Date as July 25, 2006

ANAHEIM HILLS, CA -- (MARKET WIRE) -- July 20, 2006 -- Riverbank Investment Corp. ("RRBK" or the "Company") (PINKSHEETS: RRBK) announced earlier that the board of directors of Riverbank have approved that all shareholders of record on close of business Eastern Daylight Time, July 10, 2006 (the "Record Date") will receive a dividend of common stock of Paychest, Inc. (PINKSHEETS: PYCT) ("stock dividend") on a prorated basis of 10 Paychest shares for each 1 common Riverbank share owned. The record date was moved forward to July 22 and now an Ex-Dividend date has been set for July 25, 2006

The pay date of the stock dividend will be July 24, 2006.

John Crasta, CEO and Chairman of Riverbank, commented: "We are pleased to be able to provide a stock dividend and pay date to our shareholders; this is an exciting time for Riverbank and we feel this stock dividend is a great reward for our current shareholders. We also hope that this dividend will help to trigger a short squeeze forcing naked shorting to be covered. Furthermore, we hope to begin releasing some of the funds today that are necessary to begin to bring our Lumis Well that we are acquiring a 80% interest in, back into production."


Riverbank holds investments and contracts in oil, gas, gold mining, and palm oil plantation properties and American marketable securities.


The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. Riverbank intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Riverbank's actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Riverbank's annual, quarterly and other periodic public filings on record with the Pink Sheets.

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