Paychest Inc (PYCT)

[poopscooper]

As of June 5th, 2007, the company will re-engage its investor relations department to respond to any queries initially by e-mail. The IR personnel will be handling live calls by the end of June 2007.

"Over the past few months PayChest has been engaged in an audit of shares previously allocated by prior management and investigated the validity of its issuance. Through a collaborative effort from legal counsel, the DTC and our audit staff, we have completed the audit and are awaiting the final assessment report. This process had stalled the progress we had achieved prior to the audit, and to move ahead with our business plan, it required a definitive plan to establish a stock position for the benefit of our shareholders and the future of the company. The result of this audit will show a substantial reduction in the number of outstanding shares in PayChest's new portfolio. We apologize for the inconvenience and delay during this period of audit and negotiations," said Mr. Lawson Pillay, PayChest's CEO.

As of June 5th, 2007, the company will re-engage its investor relations department to respond to any queries initially by e-mail. The IR personnel will be handling live calls by the end of June 2007.

About PayChest