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http://www.marketwire.com/mw/release.do?id=851299&k=pyct

PayChest Schedules Announcement of New Business Venture for May 7th, 2008

VANCOUVER, BC, May 01, 2008 (MARKET WIRE via COMTEX) -- PayChest, Inc. (PINKSHEETS: PYCT), an integrator of commerce platform solutions, announced today that the company has been reviewing a number of business opportunities worldwide over the last several months. An announcement confirming the completion of a deal will be made on May 7th, 2008. The deal will lead the company in a new direction and may result in a change of management upon completion.

About PayChest

PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting-edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point-of-sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and a rewards-based platform 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.

Contact:
PayChest, Inc.
Investor Relations
[e-mail]